Chiliz [CHZ] reacts in this manner as network increases utility in sports industry

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Chiliz’s latest partnership highlighted more utility in the sports industry. CHZ shows bullish breakout signs but investors may also be incentivized to sell. Every once in a while, Chiliz [CHZ] secures a partnership in the sports industry thanks to its unique focus on bringing blockchain tech into sports. The network just announced a new collaboration […]

According to the report, the pledged t-shirts sold will have NFT chips embedded in them. Participants can scan the chip to access the pledge video, along with other digital collectables.as a network that can be tapped into for special access. The network can use its first mover advantage to leverage opportunities in the sports industry.Chiliz’s potential growth opportunities may translate into healthy demand and upside for CHZ in the long term.

CHZ has been trading in a sideways price pattern for the last seven days, but it will have to pick a side eventually. Some of CHZ’s metrics are not exactly inspiring. For example, its network growth is currently at a monthly low, while volatility has been declining for the last few days.It is not all doom and gloom for CHZ because some of its metrics highlight positive observations. For example, the supply held by top addresses reveals that whales have bought into CHZ.

 

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