Chiliz has been one of the top performers over the past 24 hours. During this time, the fan token has jumped 13.8%. Chiliz was trading at $0.222 at the time of writing. CHZ gains come after the broader cryptocurrency market cooled off from last week’s rally.
Chiliz price prediction
In the last 24 hours, CHZ has traded between $0.195 and $0.238, indicating high volatility. The fan token’s trading volumes over the past day are at $1.05 billion, which is an over 200% increase. Chiliz has a market capitalization of $1.18 billion, ranking it as the 49 largest cryptocurrency.
Chiliz price action today indicates a bullish trend. The price of the fan token started an uptrend over the past few days, and it looks prime to head higher and test the next resistance at $0.25. Buying pressure is currently high, and this could sustain notable gains in the future.
The Relative Strength Index (RSI) currently stands at 50, indicating that despite the notable rally made over the past day, CHZ is yet to reach the overbought territory. However, the uptrend could attract buyers looking to book short-term profits, and the RSI could climb higher.
On the other hand, the Moving Average Convergence Divergence (MACD) line shows the possibility of a trend reversal to the higher side. Therefore, CHZ is currently prime to head to $0.45 and possibly ignite a rally to $1.
FIFA World Cup hype could take CHZ to $1
Chiliz is a tokenized platform that empowers sports fans by allowing them to interact with their favorite sports teams. Chiliz has become instrumental in bringing web 3.0 & crypto technology to the sports sector.
CHZ is rallying as the FIFA World Cup draws near. The event is slated to start on November 20 and end on December 18. As the event bears, fan tokens are expected to rally higher and outperform the rest of the market.
As Bitcoin looks ready to pull back, it allows investors to scoop up fan tokens at discounted prices. Therefore, CHZ will likely rally to $1 in the coming month if traders continue buying into this hype.
Other altcoins to consider buying today
CHZ is not the only altcoin that is outperforming the market today. Tamadoge (TAMA) has jumped over 15% over the past 24 hours. TAMA is a meme coin focused on providing utility by venturing into the blockchain gaming sector.
To diversify your portfolio into new cryptocurrencies, you should consider investing in some of the best-performing presales today.
Dash 2 Trade is a platform providing crypto trading signals that will assist investors in making informed trading decisions. The D2T presale is in the second stage after raising more than $3.4 million.
The other presale you should consider investing in is for IMPT. IMPT is the native token for the IMPT.io platform that lowers carbon emissions by tapping into blockchain technology. The IMPT presale has raised more than $11 million.
Thirdly is the Calvaria (RIA) presale. Calvaria plans to bridge the gap between traditional gaming and blockchain gaming. It does this by making its play-to-earn game friendly to players that do not have experience in crypto. The RIA presale is in stage three after raising more than 890,000 USDT.