Chiliz May Recover, Unlikely Soon
Chiliz prices are stable after a huge 27% drop last week. The coin dived to lows of March 2021, when it slid to $0.00548 per coin. An important support level at $0.00750 was smashed, and it has not been retested yet. It may mean that CHZ prices may dive further.
However, there is hope that the fan coin will recover In the future, as its network is expending. CBI, which is developing an immersive AI-powered 3D interactive entertainment platform “Football at AlphaVerse”, announced strategic partnership with Chiliz Labs. Blockasset, an athlete-verified NFT and token ecosystem, is running on Chiliz Chain. The network continue to expand involving Spanish Real Betis, Brazilian Sao Paolo, and British Cardif City. Other soccer clubs may join Chiliz ecosystem if it proves to be a successful story. So, a soccer metaverse has a chance. But not today.
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