Advertisement
AD

Main navigation

Chiliz (CHZ) Jumps 13% as Chiliz Chain 2.0 Goes Live: Details

Advertisement
Wed, 8/02/2023 - 14:10
Chiliz (CHZ) Jumps 13% as Chiliz Chain 2.0 Goes Live: Details
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Chiliz, a blockchain provider focused on the Web3 sports and entertainment industry, is celebrating its fifth anniversary with a rebranding and then with a piece of big news: the genesis block of the new Layer-1 EVM-compatible Chiliz blockchain, Chiliz chain 2.0, has been validated.

Advertisement

Alexandre Dreyfus, Chiliz CEO, announced the news excitedly on Twitter. "Boom. Block 1 of Chiliz Chain 2.0 was produced at 8.08 UTC on February 8. There is 8,888,888,888 CHZ. This is part of our DNA," he wrote.

With the launch, Chiliz hopes to attract more Web3 developers and brands to build on its new blockchain and obtain access to its Web3 infrastructure and sports and entertainment network.

Chiliz's native token, CHZ, will be the fuel for the Chiliz blockchain ecosystem, including all the dApps that will be built on top of it. Holders of CHZ tokens will also be eligible to win rewards for staking (or delegating) on the network.

CHZ price action

Chiliz rebounded significantly on Feb. 7 as it jumped from intraday lows of $0.136 to reach highs of $0.17. Shortly after the announcement of the Chiliz chain 2.0 on Feb. 8, the token surged by as much as 20%, reaching highs of $0.179 before a slight retreat.

At the time of publication, CHZ was up 13% in the last 24 hours at $0.17. Its trading volume had also shot up by 147% as traders jumped into the volatility to capture gains.

Related

A sustained rise above $0.175, or the daily MA 200, holds the key to further increases, which might target $0.186 or even as high as $0.27 next. If the price falls, however, significant support appears to be forming near $0.12 and $0.13.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD