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Chiliz (CHZ) consolidates gains ahead of the World Cup

CHZ, the token that is very popular among fans, has recorded quite significant gains in the last week, while fans of football getting ready for World Cup 2022 event in Qatar. At the time of writing, the token is trading with a gain of 2,20% compared to yesterday and the weekly evaluation is also firmly positive: what is the 34th token by market capitalization still maintains a gain of more than 9% compared to last week.

However, the token has also witnessed a significant decrease in trading volume over the past 24 hours. About $571.090.877 worth of CHZ was traded over the past day, down 38%. The token could see more trading soon, as there are only four days left until the official opening match of the World Cup.

Alexandre Dreyfus, CEO of Chiliz, said on Twitter that the company will set aside CHZ 38 million to assist FTX users affected by the bankruptcy of theexchange. According to the tweet, the company will compensate each victim $10.000. The head of the company added that the CHZ 38 million rescue fund will go to FTX subscribers who were unable to withdraw after the stock crash. However, he clarified that only FTX users who held CHZ on the exchange will receive the $10.000 payout.

Returning to CHZ quotations, after establishing long-term support in the $0,15 area, the bulls managed to stage a convincing rally that pushed the value of the token up by more than a quarter in just six days. Despite this, the token still sends bullish signals: is it time to buy more?

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Roberto Rais

A great cryptocurrency expert and a long time collaborator. He actively follows several specialized Blogs in the cryptocurrency sector as Editors

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