Chiliz has been around for a while and has been offering users access to altcoin world in a completely different manner. Chiliz, which is a sports platform based on the blockchain system has been one of the leading projects providing altcoin services to users.
Over time, Chiliz has gained so much recognition and attention for altcoins that the project has even overshadowed the dominance of the largest cryptocurrencies such as Ethereum (ETH) & Bitcoin (BTC).
According to the on-chain data analyzing firms, Chiliz platform has managed to gain 1,600% in price and valuation in the month of March.
From the looks of it, the month of March has turned out to be the brightest and the luckiest for all cryptocurrencies. It was in the month of March that Bitcoin (BTC) has successfully crossed the $60k barrier and has hit an all-time high of $61.7k per BTC.
There are many analysts and speculators currently sharing their views and observations against altcoins and their bullish run. As per the analysts, the coming months will prove to be extremely crucial for the cryptocurrency industry.
The coming months in the cryptocurrency industry would prove extremely important for altcoin generation and growth. Since the beginning of the year 2021, the altcoin industry has continued making a lot of progress and has gained a lot of recognition.
This is the very reason why the majority of the investors are now moving towards the altcoin industry, thus increasing the overall gains of each and every altcoin.
Ever since the ending of the year 2020, the analysts have started referring to the current and upcoming months in the crypto-verse to be “altcoin season”.
This time, it is Chiliz (CHZ) from among the ranks of the fast-growing altcoin assets that has managed to gain a lot of recognition and popularity. When it comes to price surges and increase in trading volume, Chiliz (CHZ) token has completely knocked it out of the part for the rest.
The Chiliz (CHZ) platform has developed an infrastructure that is known for producing a large number of fan tokens for famous football clubs including Paris Saint-Germain and Barcelona FC.
As per the on-chain data analyzing firms, Chiliz started gaining a lot of momentum since March 12, 2021. The asset hit the prize so high that t managed to hit an all-time high and was observed to be the highest price $0.86.
As per sources, one of the major reasons for the price surge for Chiliz was the recent announcement made by OKEx related to Chiliz. The platform announced that it was going to enable the users to perform margin trading through the Chiliz (CHZ) token.