This Chiliz Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration when coming up with our CHZ price analysis and prediction.

Nowadays, people are showing huge interest in cryptocurrency. In addition, many cryptocurrencies have spiked during the current 2021 bull run. However, a few cryptos have also endured a downtrend. Consequently, many traders and investors are confused about whether it is time to sell or hold out for a good price.

The Chiliz price reached its newest all-time high (ATH) this March 13, 2021, at $0.89. It also reached a 24-hour trading volume of over $3.51 billion.

Nevertheless, the crypto market is in the bearish movement lately, and most cryptos are losing their previous profits. Is the scenario the same with CHZ price? We’ll find out shortly in this CHZ price analysis 2021 article. But first, let’s have a look at what CHZ is.

Chiliz is one of the blockchains for esports and gaming crowdfunding. Officially launched in 2019, the concept for Chiliz and the platform Socios.com were initially conceived in 2016.

The Socios.com platform also aims to help fans to buy tokenized voting rights for the teams they support. For example, football club Juventus is the first to launch a team token through the Socios.com website. Since then, more than a hundred various teams have joined the platform.

Currently, the top crypto trading platforms for CHZ are Binance, Huobi Global, OKEx, HBTC, and Xtheta Global.

Now that we have an idea about Chiliz, do you think CHZ will be profitable crypto in 2021? Are you curious to find out already? Join me and let us see the charts in this CHZ price analysis and CHZ price prediction.

Currently, CHZ holds 31st place on CoinGecko. But will the recent changes and developments in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this CHZ price prediction article.

In the monthly time frame chart shown below, we can see the Ascending Scallop pattern. Usually, this is preceded by an uptrend. However, the pattern can follow a downtrend as well. More so, the pattern itself suggests a break further to the upside level. More so, this pattern took more than a month to form.

As shown above, at the beginning of this, CHZ turned from its bear to bull trend. This shows a high trade volume happened in that period. Moreover, in the smaller time frame, CHZ showed a Symmetrical Triangle pattern. We will discuss this pattern toward the end of the article.

The Relative Strength Index (RSI) is at 80, which means that CHZ is in an overbought state. Consequently, this may lead to a price reversal at any given time. Therefore, traders must trade with care and avoid being affected by the market hype. With this in mind, crypto traders can be cautious and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

Since the start of 2021, Chiliz’ price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidations, and corrections right away. Taking this into consideration, CHZ has a competitive market this 2021. Moreover, some crypto experts predict March will be altcoin season.

As shown below in this CHZ price forecast chart, in a smaller time frame, CHZ has shown a Symmetrical Triangle Pattern.

The pattern represents a period of consolidation, which might soon force a price breakout or breakdown. A breakdown from the lower trendline shows the start of a new bearish trend, while a breakout from the upper trendline marks the start of a new bullish trend.

In the short-to-mid term scenario for our CHZ price prediction 2021, CHZ has to break past the Fib retracement level at $1.16. To do this, it has to establish more support at the Fib level at $0.96. If not, bears may gain the upper hand and drag CHZ to their territory.

CHZ has a bright future ahead of it in 2021. With ongoing developments happening within the CHZ ecosystem, as well as in the overall crypto market, we may see CHZ reach new heights.

Meanwhile, our long-term CHZ price prediction 2021 is bullish. It has a high possibility of surpassing its current ATH this year. However, that will only happen if it breaks previous psychological resistances.

Bullish CHZ price prediction 2021 is $4.15. Moreover, it may even reach $5 if investors have decided that CHZ is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Chiliz price appears to have no Chiliz as the bull run strongly heads towards $1. After Coinpedia reported about the bull run of CHZ price, recently, the market capitalization rose from $1 billion to more than $4 billion in just a couple of days. 

With the massive surge, the token managed to achieve some of the milestones,

Currently, the CHZ price is $0.7655 with a massive jump of 95.38% in the last 24 hours. However, the next upcoming targets are set at $0.84, $0.93 and finally smash $1 to maintain the uptrend further. 

The price is continuously trading in the overbought region of the RSI of CHZ price above 70 levels for the past couple of days. And hence, a slight pullback may be expected to the levels close to $0.5 or lower as predicted by an analyst, Altcoin Sherpa.

The analyst also advised waiting for a price pullback, hence indicating an upcoming bull run to be stronger and higher.

Also Read: Top 2 Promising NFT Tokens Are Set to Explode, Says Josh Rager

The top five crypto assets according to the market cap trend sideways since the beginning of the weekend. However, the Bitcoin price is attempting to record some gains, still, the profits are below 1% at the press time. The other assets, Ethereum price, Binance Coin price and Cardano price are experiencing a notable drain out.

On the other hand, when the major cryptos are dipping or trending in a very narrow region, some of the assets with low market cap surge. Other than Chiliz price which rose more than 600%, some of the other assets followed the suit.

Some of the notable surges of the assets which surged like a monster in the past seven days are,

The ANKR price rallied massively gaining more than 132% in the past seven days, however, the 24-hour gain stands at 55.4%. The market cap rose enormously from just $85 million at the beginning of this week to more than $563 million at the press time. The price also increased from $0.03 to $0.07.

Harmony price surged like a giant gaining more than 30% in the past 24 hours and 72.5% in the past week. With the surge, the asset entered the top 100 cryptocurrency rankings. The market cap of the asset rose from just $54 million to more than $620 million.

Among the notable surges, CHR can be included a includes a monster mega rally of more than 800% jump in the past seven weeks, 48.4% alone in the past 24-hour. The market cap surged from just $21 million to as high as $323 million with a price of $0.6807 at the press time.

The Akropolis price also manifested the likes of the above-mentioned rally by surging nearly 100% in the past week. The market cap rose from $21 million to more than $169 million. The AKRO price at the time of writing is $0.06066 with a jump of 27.57% in the past 24 hours. 

Collectively, the Chiliz price along with the other low cap assets rallied showcasing the strength, pointing out towards a probable ‘Low Cap Season’ of 2021. However, the major tokens like Bitcoin price, Ethereum price have relaxed their bull run, therefore it would be more interesting to witness the low cap rally one the major asset bull run resumes.

Interesting Read: Top 7 Altcoins That are Poised to Outperform Bitcoin

The success of altcoins and Bitcoin seemingly go hand in hand, but one coin in particular is rallying more than most. 

Chiliz, one of the biggest names in the blockchain space for virtual sports and gaming crowdfunding, has increased by 136% in the past week.

The popularity of fan tokens has surged in the past year, with Chiliz specifically outshining even the biggest players on the scene, Bitcoin and Ether. Had you purchased Chiliz at launch in 2019, you would have made an impressive sum, with returns currently at an all-time high of 2,915%.  

The success of sports tokens has come at the same time NFTs have soared in popularity. The new craze has surprised many that didn’t predict the sweeping popularity of the newest type of crypto, with the Google global search volume for NFTs surpassing that of DeFi.

The price of the token spiked following the announcement that founder and CEO Alexandre Dreyfus told Reuters at the beginning of the month: 

Fan tokens linked to major football clubs such as Barcelona FC and Paris Saint-German are underpinned by the Chiliz blockchain infrastructure, with several other tokens seeing 100% returns in the last week. 

Chiliz and Socios.com are among the first platforms which were created to merge blockchain technology with the sports world. Chiliz issues blockchain-based tokens which enable fans to support and interact with their favorite teams and have voting rights. 

Thanks to the sudden success of NFTs, predictions for an altseason unlike any other are now widely anticipated. 

Check out the top stories from the world of crypto in the CoinMarketCap newsletter by signing up here.

Bitcoin and Ethereum Market Movers Roundup | Injective Labs, Cartesi, Crypto.com CRO, Plasma.Finance PPAY | Clover, The Graph GRT, Polkadot DOT, OIN Finance, Chainlink | Contentos, OpenSea NFTs, PAID Network, Superfarm, Chiliz CHZ | Grayscale now at $45 billion AUM | GeoDB: Earn GEO and Passive Income by Selling your data

#Harmony #Chiliz #stormx #bitcoin #THETA​​ #altcoins​​​ #VeChain​​​ #btc​​​​​​ #ethereum​​​​​ #eth​​​​ #altcoin​​​​​​​​ #ENJ​​​ #VET​​​ #altcoinbuzz​​​​​​​​​​​​ #investing​​​​​​​​​​​​​​​​ #crypto​​​​ #invest​​​​​​​​​​​​​​​​ #binance​​​​​​​​​​​​​​​​ ​​​​​​​​ #success​​​​​​​​​​​​​​​​ #finance​​​​​​​​​​​​​​​​ #entrepreneur​​​​​​​​​​​​​​​​ #business​​​​​​​​​​​​​​​​ ​ ​​​ #NFT​​​ #NFTs​​​ #IDO​​​ #ICO​​​ #chainlink​ #link​ #cardano​ #ada​#coinbase​ #etoro​ #gemini​ #grayscale​ #stormx​ #stmx​ #CRO​ #OCEAN​ #PPAY #Polkadot #DOT #Chiliz #chz #GEODB #GEO #INJECTIVE #cartesi #ctsi #PAID

Timestamps 00:00 Market Movers Roundup 01:45 Injective Labs, Cartesi, Crypto.com CRO, Plasma.Finance PPAY 04:34 Clover, The Graph GRT, Polkadot DOT, OIN Finance, Chainlink 07:00 Contentos, OpenSea NFTs, PAID Network, Superfarm, Chiliz CHZ 12:01 Grayscale now at $45 billion AUM 13:29 GeoDB: Earn GEO and Passive Income by Selling your data

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References: https://www.coingecko.com/en/coins/stormx https://twitter.com/InjectiveLabs/status/1372550742679113733?s=20 enable-mainstream-developer-adoption/amp/?__twitter_impression=true https://twitter.com/cryptocom/status/1372829735231791104?s=20 ysis-company-chainalysis/amp/?__twitter_impression=true https://twitter.com/Plasma_Pay/status/1372174028430053378?s=20 https://twitter.com/clover_finance/status/1372577919650787328?s=20 https://twitter.com/FinanceOin/status/1372867268888125441?s=20 https://twitter.com/chainlink/status/1372880539653451782 https://twitter.com/chainlink/status/1372895778763640841 https://twitter.com/contentosio/status/1372820165520322561?s=20 -burning-5-billion-cos-tokens-331d4154e45a largest-marketplace-for-nfts/ https://twitter.com/paid_network/status/1372552631844016128?s=20 e6df3ba51b5b launch-exclusive-nft-drops-and-farming-c300acf1d0e5 https://twitter.com/SuperFarmDAO/status/1372294614934196226?s=20 0 p-cryptocurrency-prepare-launch-digital-fan-tokens.html https://twitter.com/Grayscale/status/1372654149695852548?s=20 https://twitter.com/APompliano/status/1372887818591207425?s=20 https://www.seedrs.com/geodb1 https://twitter.com/APompliano/status/1372887818591207425?s=20 https://geodb.com/ https://geyser.geodb.com/

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Binance is proud to announce their new strategic partnership with a fintech blockchain company that provides sports and entertainment entities, Chiliz.

An early investor in Chiliz, Binance has extended the partnership with additional investments into the leading venture in the fintech sports space, ensuring a partnership vision for the long-term. The first milestone of the partnership will be Fan Tokens allocation through Binance Launchpool.

Chiliz operates Socios.com, a fan influence and rewards platform, which has partnerships with some of the biggest sporting properties in the world including football teams FC Barcelona, Juventus, Paris Saint-Germain, Galatasaray, AS Roma & Atletico de Madrid; Esports teams  OG and NAVI, and the UFC. Powered by the utility token $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world. In just over a year it has been downloaded by more than 370,000 people, over 14 mln Fan Tokens have been sold, and over 700,000 votes registered on the blockchain. FC Barcelona’s ($BAR) Fan Token Offering sold out in 20 minutes, generating $1.3m, whilst Turkish team Trabzonspor’s FTO generated 5 million TRY in less than 5 minutes.

With Binance Launchpool, users are able to acquire new token rewards in return for staking different tokens. The first Socios.com partners to benefit from Binance LaunchPool will be Paris Saint-Germain (PSG) and Italian champions Juventus (JUV) Fan Tokens. Users will be able to stake BNB, BUSD, or CHZ tokens into separate pools, starting from 2020/12/15 at 0:00 AM (UTC) to 2021/1/14 at 0:00 AM (UTC)

Binance will then list Paris Saint-Germain Fan Tokens (PSG) and Juventus Fan Tokens (JUV) in the innovation zone at 2020/12/21 6:00 AM (UTC) and open trading for PSG/BTC, PSG/USDT, PSG/BUSD, JUV/BTC, JUV/USDT and JUV/BUSD trading pairs.

“Chiliz became a part of the crypto world through Fan Tokens, which has shown huge potential in bringing crypto to mainstream audiences all around the world,” said Binance CEO and Founder, CZ (Changpeng Zhao). “We’re delighted to welcome Chiliz to the Binance ecosystem and look forward to empowering both fan engagement and crypto adoption among a captive audience of billions”.

“Binance has been a strong supporter of Chiliz since day one, but this new partnership really seals our original vision of tokenizing the sports & entertainment industry over the next 5-7 years. In just under 3 years, we have already established ourselves as the leading force in this space, but this partnership gives us renewed strength and credibility to create the leading global fan engagement & monetization ecosystem,”  said Alexandre Dreyfus, CEO & Founder of Chiliz. “Chiliz aims to onboard many more partners from the worlds of sports & entertainment over the next few years. With new features, gamification, leaderboards & NFT-based events being released in the coming weeks, Socios.com is the leading venture in this space. Whilst Socios.com is the utility platform, $CHZ – the app’s exclusive currency – is the utility token that sits between hundreds of thousands of branded digital assets.”

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The first Chiliz platform to benefit from this partnership will be Socios.com. Basically, Socios.com is a platform enabling crowd-management of favorite teams for sports and esports fans. Moreover, major football clubs like FC Barcelona, Paris Saint-Germain, Juventus, Atlético Madrid, Galatasaray, West Ham, OG, and AS Roma have partnered with Socios. The football clubs are using the platform as a part of their fan engagement strategy by conducting Fan Token Offerings (FTO). Basically, Fan tokens are digital assets that provide membership and voting rights ownership to the fans.

Furthermore, Binance will list PSG and JUV fan tokens in the innovation zone on 21 December 2020. The trading pairs available will be PSG/BTC, PSG/USDT, PSG/BUSD, JUV/BTC, JUV/USDT, and JUV/BUSD.

Alexandre Dreyfus, CEO & Founder of Chiliz, revealed that over the next few years Chiliz plans to onboard more partners from the sports and entertainment world. And this new strategic partnership will help Chiliz in achieving its original vision of tokenizing the sports and entertainment industry in the next 5-7 years.

Furthermore, Chiliz has some new features, gamification, leaderboards, and NFT-based events in the release pipeline for upcoming weeks.

For more crypto-related updates do check-out our Altcoin Buzz YouTube Channel.

With markets continuing their bullish run, we’re excited to announce that we’ll be listing the digital currency for sports and entertainment: Chiliz ($CHZ) on Bitcoin.com Exchange on February March 3rd at 10:00 UTC. 

Chiliz is the native token of the fan engagement platform Socios.com, which allows fans to interact closely with their beloved sport and entertainment organisations. Sports and entertainment organisations benefit from the possibility to monetize their fanbase by issuing their own fan tokens. 

23 major organisations from traditional sports as well as e-sports, MMA have already joined the platform, among them AC Milan, Juventus, and FC Barcelona. 

This has contributed to making Socios.com one of the most active non-financial mainstream blockchain platforms worldwide with more than 500,000 downloads in just over a year. 

While many Blockchain projects struggle to bring in revenue, Socios.com generated $30 Mio. in revenue in 2020 which was shared with Socios.com clubs and partners.

Founded in 2018, the fintech blockchain company behind Chiliz and Socios.com has grown into a company employing nearly 100 staff and operating offices all around the world including in Malta, France, Turkey, Korea and South America. This year, the company will open up a new office in the capital of Spain: Madrid. 

With the listing of Chiliz on Bitcoin.com exchange, the Chiliz token will be made available to a broader audience, fueling its ongoing expansion course. 

Alexander Dreyfus, CEO and Founder of Chiliz & Socios.com: “We look forward to more exciting announcements in the future as we continue our mission to build

a $1 billion Fan Token ecosystem, drawing participation from the world’s biggest sports and

entertainment properties.”

Head of the Bitcoin.com Exchange Danish Chaudhry: We’re thrilled to be listing a token that has already created so much utility for fans as well as major organisations and we can’t wait to see the future growth of Socios.com and Chiliz.”

Chiliz will be listed with BTC and USDT trading pairs. Trading goes live on March 3rd at 10:00 UTC. 

For Further Information:

Chiliz / Socios.com Andrew Clarke – Head of PR andrew@chiliz.com For more information please visit www.socios.com / www.chiliz.com

Bitcoin.com Exchange Naomi Oba – Marketing Manager naomi@bitcoin.com For more information, please visit: www.exchange.bitcoin.com

NEW YORK, May 7, 2020 : Chiliz ($CHZ: Binance), a leading fintech company in the sports space specialising in blockchain-based fan engagement together with UFC®, the world’s premier mixed martial arts (MMA) organisation, have announced an exclusive global partnership.  Chiliz offers blockchain-based fan engagement solutions for the sports & entertainment industry through their fan voting & rewards app Socios.com, which aims to create a closer connection between fans, their favourite teams, and their favourite athletes. Socios.com has partnered with major soccer clubs including FC Barcelona, Juventus, Paris Saint-Germain,  Atlético de Madrid, Galatasaray, AS Roma, CA Independiente and esports giants OG to produce club-branded digital assets known as Fan Tokens. Using Chiliz $CHZ, the cryptocurrency that powers Socios.com, Fan Tokens can be bought and sold via the app's Marketplace or via the world's first cryptocurrency exchange for sports & entertainment, Chiliz.net. Fan Tokens give the owner the right to vote in club-designated polls and earn once-in-a-lifetime experiences. In the short term, the partnership will enable UFC to tap into a captive audience of enthusiastic sports fans from around the world, creating countless opportunities to grow their brand through promotional activity on the Socios.com platform. The partnership will also enable UFC to capitalise on Chiliz fintech expertise in the sports space, creating further opportunities to grow the UFC brand and increase fan engagement through innovative blockchain, tech, and mobile app solutions. All Fan Token holders, as well as those who own $CHZ, will be able to access UFC-related offers and rewards, including tickets to UFC events or pre-sale access to tickets through this partnership. UFC has made MMA into one of the fastest growing sports in the world and counts in excess of 318 million fans across the globe. Their roster consists of the highest-level MMA athletes including Conor McGregor, Nate Diaz, Khabib Nuramagomedov, Holly Holm & Amanda Nunes. Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com, said: “By partnering with Chiliz, UFC now has access to a captive audience of fans from some of the biggest sporting organisations on the planet, creating an unprecedented opportunity to attract new followers. “This exciting partnership is the first major example of how we can use blockchain technology to create incredible engagement opportunities not only for our Fan Token partners, but for other leading enterprises, too. “It’s also a major step forward in our evolution from pioneers in blockchain-based fan engagement to leading the march as a fintech company in the sports space.” Nicholas Smith, UFC Vice President Global Partnerships, added: “Chiliz and Socios.com are industry leaders in blockchain based fan engagement and our two companies share a common philosophy to always ‘be first,’ so we are thrilled to begin this new partnership. UFC continually strives to enhance the fan experience and we are looking forward to working with the team on innovative and unique ways to achieve this goal.”

Persistent price volatility in Bitcoin (BTC) price action and other similar cryptocurrencies indicates a potential need for stablecoins and other less volatile digital currencies. 

Bitcoin has been on a frenzy over the past year, however, its high volatility and the need for less volatile cryptocurrencies are being mentioned again among crypto enthusiasts.  

Increasing interest for Bitcoin and other crypto-assets among individuals and institutional investors makes a perfect case for broader blockchain and crypto adoption. However, while the number of investors interested in BTC continues to grow, demand for less-volatile and more sophisticated crypto assets has also been on a rise.

A rising demand means that the importance of these stablecoins is increasing as well, especially when it comes to new blockchain applications. Looking closely shows that DeFi applications and cryptocurrencies that are more centralized actually operate much closer together than it appears at first sight. 

DeFi is expected to provide a number of financial inclusion and accessibility offerings and it looks like stablecoins will play a major role in delivery of those goals.

Chiliz (CHZ) price gained 17.3% yesterday to swing into the green territory after recording losses in the first part of the week. Curve DAO (CRV) price is another major beneficiary of the uptrend witnessed in some altcoins in the past two days. 

The price action rose nearly 25% in the past two days to erase losses of over 18% recorded on Monday. Finally, TomoChain (TOMO) price is up over 11% today to hit the highest levels last seen in August. As seen in the chart, TOMO price stopped at 127.2% Fibonacci retracement at $1.42.

Interest for stablecoins and other crypto assets with low volatility has been growing lately, as it appears that these assets will play an important role in the future of blockchain and decentralized finance (DeFi).

XRP price – XRP price – XRP price – $90 billion wiped off in Crypto market as Bitcoin tumbles by 5% | Fintech Zoom | Fintech Zoom

XRP price – XRP price – $90 billion wiped off in Crypto market as Bitcoin tumbles by 5% | Fintech Zoom

Chiliz, a digital token designed by Socios for sport and entertainment engagement, is enjoying a record-buying spree and currently ranks as the best performing crypto asset for the week.

At press time, Chiliz price is $0.648685 with a 24-hour trading volume of $4.4 Billion. The fast-rising crypto is up by 380% for the week

The 30th most valuable crypto currently has a market capitalization of $3.5 Billion. It has a circulating supply of 5,547,664,720 CHZ coins and a max. supply of 8,888,888,888 CHZ coins.

READ: Football-based Crypto, is world best performing Crypto in 7 days

The most recent rally comes after news of premier football team, Paris Saint Germain, (PSG) progressing to the quarter-finals in the Champions League.

The fast-rising crypto specializes in creating tokenized cryptos called Fan Tokens that are unique to each sporting team.

Owners of fan tokens will be able to influence club decisions to vote in many polls each season on Socios.com, earn rewards linked to the club, other creative digital experiences, and real-life activations, such as meeting players and watching games like a VIP when fans return to the stadiums.

READ: Billionaire, Uzor Kalu wants to buy 35% stake in Arsenal FC

Following PSG’s Champions League progression, the football Fan Token rose by nearly 110%, and the French football team took to Twitter to share the observed “strong demand” for digital collectibles with its 8.7 million followers.

Dozens of more clubs are set to launch Fan Tokens before the end of the year, with many leading IPs from sports and entertainment also primed to join the Socios.com roster in the near future.

The fast-rising crypto can be traded on crypto exchanges such as OKEx, HBTC, Binance, Huobi Global, and Xtheta Global.

— Paris Saint-Germain (@PSG_English) March 11, 2021

READ: Ex-Real Madrid Striker, David Barral becomes first-ever footballer to be bought with Bitcoin

Nairametrics believes such partnerships with these football clubs via blockchain will open more economic opportunities and leverage the wider audience via collaboration with the industry’s global brands.

Socios.com Fan Token partners include Juventus, AS Roma, Galatasaray, FC Barcelona, Atlético de Madrid, Paris Saint-Germain, CA Independiente, Apollon Limassol and esports organizations Team Heretics and OG. Dozens of more clubs are set to launch Fan Tokens before the end of the year, with many leading IPs from sports and entertainment also primed to join the Socios.com roster in the near future.

The sport-backed blockchain, popularly known for its investments in European soccer, recently disclosed that it would invest $50 million in an expansion to the world’s largest economy,

Presently, Chiliz is also holding talks with the prestigious car race championship teams, as the company tries to strengthen its grip on other sports.

XRP price – XRP price – XRP price – $90 billion wiped off in Crypto market as Bitcoin tumbles by 5% | Fintech Zoom | Fintech Zoom Tags: XRP price

The cryptocurrency market has entered the new week calmly with a daily change of 0.7%. While Bitcoin dominance is hovering around 57.9%, there will be developments that may affect some altcoin prices this week.

The five altcoins we are focusing on for the week of March 29-April 4 are Cardano (ADA), Cosmos (ATOM), Avalanche (AVAX), Chiliz (CHZ) and Pundi X (NPXS), respectively, along with highlights of some other main coins events.

News This Week: The IOHK Foundation announced that the update, known as D-Day, will be completed on March 31st.

Why to follow: Every block in the Cardano network was generated by IOHK-controlled nodes. But March 31 will be a turning point in decentralization for Cardano. Cardano blocks will be produced by user pools after that date.

News This Week: The Cosmos community will receive information about Inter Blockchain Communication at the party to be held on the evening of March 29.

Why to follow: Inter Blockchain Communication (IBC) will be used after 5 years of preparation. Users will be able to transfer IBC tokens between two different blockchains. Demos of transactions will be shared and IBC will be elaborated.

News This Week: Apricot Phase One will be launched on 31st March.

Why To Follow: The first phase of Apricot will save 50% transaction costs.

Other than this, AVAX has many great news this week. The summary of these news is shared below.

News This Week: Chiliz announced that fan tokens developed for the Professional Fighters League (PFL) will be added to the Socios.com app on March 31st.

Why to follow: While no league in the US has been actively involved in the Chiliz & Socios.com ecosystem so far, this scenario will change after March 31st.

Company CEO Alexandre Dreyfus often say “Nobody wants to be the first, but they don’t want to be the last.”

Source: Socios via @ProFightLeague #PFLaunch ⚡️ $CHZ pic.twitter.com/X5TXEhJlso

— Socios Fighting (@SociosFighting) March 17, 2021

News This Week: Pundi X Labs will reduce the number of token on March 30.

Why To Follow: Pundi X, which is listed as NPXS on crypto exchanges, will start to use the name PUNDIX after March 30. As the number of tokens will be reduced, users will be able to exchange every 1,000 NPXS they hold for 1 PUNDIX token.

— Pundi X Labs (@PundiXLabs) February 26, 2021

Although not on the list, Fetch.ai, which will publish its mainnet on March 31, and ECOMI (OMI), which will be listed by Uniswap on March 31.

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Learn directly from the engineers themselves in the next Avalanche on Clubhouse next Monday (session will be recorded!): https://t.co/xLPOICKx79 pic.twitter.com/VsCTkB71NE

— Avalanche (@avalancheavax) March 23, 2021

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— bZx – Fulcrum & Torque (@bZxHQ) January 7, 2021

— Avalanche (@avalancheavax) January 18, 2021

— Avalanche (@avalancheavax) February 17, 2021

Source: strong>Source: requency-trading-to-avalanche-4575be079c60

The Proposal to enable transferring & receiving assets on the Cosmos Hub using #IBC‘s ICS20 standard is here!

If the proposal passes, $ATOM will be available on Zones connected over IBC.

Vote and deposit 👉https://t.co/tyaPv39ds3 pic.twitter.com/OF3qggtBcD

— Cosmos – Internet of Blockchains ⚛️ (@cosmos) March 13, 2021

Join with $LUNA $RUNE here, first snapshot will be taken next Monday:https://t.co/lgQviqluvs

— THORChain ⚡️ᚱ (@thorchain_org) March 24, 2021

We invite everyone to post questions regarding #NeoN3 in the thread below and the founders will start answering them from 08:00 UTC Mar 29th. https://t.co/ZuUStaQ2CX pic.twitter.com/DEBPC83XEd

— Neo Smart Economy (@Neo_Blockchain) March 26, 2021

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🎢 It’s going to be eventful & exciting. 🎢 pic.twitter.com/ZkPDCULXeW

— Qtum (@qtum) February 11, 2021

Source: https://hedera.com/roadmap

Source: https://hedera.com/roadmap

Spread the news with the link down below! https://t.co/HQOrm7RUas pic.twitter.com/LqzySO6BLL

— Konomi Network (@KonomiNetwork) March 20, 2021

Source: https://t.me/buxannouncements/187

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The cryptocurrency market has entered the new week calmly with a daily change of 0.7%. While Bitcoin dominance is watching at 57.9%, there will be developments that may affect some altcoin investors throughout the week.

The five altcoins we are focusing on for the week of March 29-April 4 are Cardano (ADA), Cosmos (ATOM), Avalanche (AVAX), Chiliz (CHZ) and Pundi X (NPXS), respectively. Although they are not on the list, Fetch.ai, which will publish its mainnet on March 31, and ECOMI (OMI), which will be listed by Uniswap on March 31, are among the news to be followed.

Sports as an industry has realised the potential that cryptocurrencies and blockchain technologies can bring to further monetise fan engagement, attract sponsors and engage a global market in ways that were unimaginable decades ago. Passionate fans, each a citizen of digital technology, consume sports and related content beyond the actual duration of a match. Teams, clubs and sporting bodies are innovating to survive in the new digital age and meet fan expectations.

With the limitations brought upon the industry due to the COVID-19 pandemic, the sports industry has responded and devised new strategies to ensure clubs and fans remain connected in a socially distanced world. The industry has recognised that blockchain is capable of revolutionising revenue streams and the fan experience through increased crypto-sponsorships, fan tokens, non-fungible tokens (“NFTs”) or even by entrance of blockchain providers into the market.

Sponsorships have led to an increased awareness of cryptocurrencies amongst viewers and investors, at a time when crypto’s prevalence in the media and in everyday life is

also on the rise. The list below provides some notable examples of sports teams expanding their advertising budgets to partner with new and upcoming crypto-currency exchange platforms, in order to gain further brand recognition:

Bitcoin and other cryptocurrencies are also being incorporated and accepted as methods of payment. Cryptocurrencies have been used to allow fans to purchase tickets and merchandise and for clubs to pay players’ salaries and transfer fees. Sports clubs and organisations have also benefitted from blockchain technologies by implementing more secure and transparent ticket exchange markets. For example:

One of the most exciting innovations evolved at the intersection between sports and technology with the emergence of fan engagement tokens. A fan engagement token is a “fully fungible digital” utility token that gives fans access and influence over certain decisions made by their favourite sports team. The tokens provide its owner the right to vote on club matters such as kit designs, training ground names or picking charity initiatives. It is similar to a membership card providing fans with exclusive rewards, including special VIP access and treatment to a variety of events. Socios, one such platform, describes the concept as follows:

“And this is the point. Through Socios.com, we are tokenizing this emotional connection and a fan’s influence over their club. Ownership of Fan Tokens does not represent equity or shares in football clubs, and equally should not necessarily be viewed as an investment plan, but ownership does offer an entirely new way for fans to engage with their club or clubs. Moreover, ownership offers a place for a fan’s voice to be heard, and a place where their passion will be rewarded. Ultimately, owning Fan Tokens gives fans far more interaction, a greater voice, as well as more power and influence over the clubs they love, than being just being a shareholder.”

This can be distinguished from other arrangements, such as “United Managers”, which attempted to give fans the opportunity to vote on a team’s tactics in games and was shut down by the French Football Federation (“FFF”) in 2019. Any arrangement that gives fans or other third parties direct influence over clubs’ operations, policies or performances would be contrary to FIFA’s (and other domestic associations’) third party ownership (“TPO”) regulations.

Chiliz ($CHZ), the cryptocurrency and Socios platform, offers fan engagement tokens focused on sports and e-sports. Socios gives fans the ability to vote on decisions such as whom the football club plays during “friendlies”. The voting  power on the Socios platform does not extend to institutional or corporate governance decisions which, again, could have TPO implications.

Paris Saint-Germain and Juventus became the first two major football clubs to partner with Socios.com. The fan tokens $PSG and $JUV are listed on the world’s leading exchanges Binance, Paribu and Upbit. Many more leading sporting organisations have partnered with Chiliz to date, including FC Barcelona, Atlético de Madrid, AS Roma and Istanbul Başakşehir, as well as e-sports organisations such as Heretics, NAVI, Alliance and OG. Chiliz has also entered into agreements with the UFC and MMA.

Fan tokens are created and distributed amongst fans through a Fan Token Offering (FTO) (similar to the concept of an ICO). Unlike an Initial Public Offering (IPO), fan tokens do not represent ownership in the equity of shares in any sporting club – but the venture is still extremely profitable. For example, FC Barcelona ($BAR) generated US$1.3 million in less than two hours after going on sale on the Chiliz Exchange. $BAR fan tokens were sold in 106 different countries.

Another “crypto” spin-off gaining momentum in sports is the NFT. NFTs represent a wide range of unique tangible and intangible items stored in digital wallets, from collectible sports cards to virtual real estate and even digital sneakers. An NFT is not interchangeable. Each NFT represents a unique digital item. The market for trading cards and collectibles is a multi-million dollar industry; enabling fans to immortalise sporting moments in pictures and in other various mediums. NFTs also contain distinguishing information that is unique and easily verifiable on the blockchain network – each accruing value as each specific NFT cannot be replicated. Examples include:

Despite the explosion of interest in digital currency, sporting clubs should remain conscious of the risks that this new technology brings. The value of crypto-assets continues to be volatile and despite the phenomenal growth, the legal and regulatory landscape is still uncertain. The lack of stability in this area will require sports businesses to adopt arrangements that hedge a contingency to save money in the event that valuations fluctuate. However, the rise of crypto-assets grants opportunity and excitement for the sporting world.

Our international Sports & Entertainment group has market-leading experience in the legal, commercial and regulatory issues affecting the sports industry.

We bring you a dynamic team of sports specialists, fully immersed in the business and abreast of new developments and opportunities.

Operating efficiently and commercially, we deliver clear, straight-talking advice and work with our clients to achieve results on time and on budget. We have acted for national and international governing bodies, national Olympic...