Chiliz Spikes 26% as Whales Push CHZ into Top-Traded Cryptos

Chiliz sports fan is kneeling down on a big red pepper and cheering the growth of Chiliz tokens.
  • Chiliz blockchain is celebrating its 5th anniversary ahead of Chiliz 2.0.
  • Top 500 Ethereum whales accumulate Chiliz (CHZ), sending it to TOP 10.
  • The soccer-related crypto increased its market cap by $155M overnight.

The soccer-related blockchain that’s powering all of the tokens on football fan platform Socios.com spiked to highs unseen in a long time on Thursday. Besides, this is an extraordinary time for the #58 cryptocurrency by global market cap. Today, Chiliz (CHZ) is celebrating its 5th birthday while also minting the first block of Chiliz Chain 2.0.

According to the sports blockchain CEO Alexandre Dreyfus, this day will go down in crypto history books, as Chiliz Chain 2.0 Genesis First Block was produced on 8th February at 8.08 am UTC, now totaling 8,888,888,888 CHZ tokens.

Besides, the new Layer-1 scaling solution for the popular sports blockchain also coincides with the full rebranding of the network. Today, Chiliz has a new logo, ambassador, and some great NFT gifts for the most loyal crypto enthusiasts.

Festivities Continue with NFT Giveaway

The new Layer-1 solution for Chilizis also part of the expansion plans into South Korea. Furthermore, the focus on Asia is confirmed by Napoli’s center-back player Kim Min-Jae, who just joined the Chiliz community as a brand ambassador.

Chiliz is running an NFT contest where crypto enthusiasts can get their hands on one of 100 limited edition anniversary NFTs with the fresh design introduced earlier today. If won, the minted NFT will be minted on the Chiliz Spicy Testnet and sent to the winner’s Ethereum (ETH) wallet.

Whales Want to Get Spicy with Chiliz

To win one of these limited edition NFTs, crypto enthusiasts must follow the celebratory activities on Chiliz’s official Twitter. The activities include a birthday quiz to test your knowledge and win NFT prizes, AMA with the founder Alexandre Dreyfus, tickets to live sports events, and more.

At press time, the sports and entertainment crypto trades at $0.166312, according to CoinGecko. The healthy 26% daily increase is topped by 48.5% growth in the last 30 days. Indeed, the positive price movement is sparked by the largest Ethereum (ETH) whales, as Chiliz just entered the TOP 10 traded crypto for the first time since its launch.

Hence, as many crypto traders are trying to get ahead of the new technical developments, Chiliz has a fair chance of becoming one of the most-watched cryptocurrencies this year.

On the Flipside

  • The exclusive NFTs are not bridgeable to Chiliz Chain 2.0 until further notice.
  • Chiliz is still 81% away from its all-time high (ATH) set almost two years ago.

Why You Should Care

Blockchain and sports have formed a very fruitful relationship, as many of the top European football clubs have their own cryptocurrencies.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.