Fan tokens usually don’t attract much interest during months without major tournaments, leading to a quieter period for the CHZ Coin ecosystem. However, next year, both league finals and tournaments could cause fan tokens to become more active. What are the expectations of the Chiliz team? Dreyfus made exciting announcements for the community today.
Alexandre Dreyfus has initiated his own campaign for the growth of the fan token ecosystem. Chiliz Chain will be the hub for current and future fan tokens. Socios is taking the biggest steps to develop its own world of fan tokens and to prepare this space for Web3. However, today’s announcement seemed a bit exaggerated.
As Dreyfus said, it wasn’t built in a day, and it’s a matter of curiosity how they will tokenize real worlds in the fan token space and what steps will be taken in the RWA area. Currently, NFTs meet the need for collectibles in the fan token world.
Time will tell how successful Chiliz, setting high goals, will be. Meanwhile, due to technical updates on the Upbit exchange, over 1 billion dollars of CHZ Coin can be moved on the network. Chiliz’s CEO warned investors not to panic.
The parallel channel we have been discussing on the daily chart is working perfectly, and the bulls still haven’t managed to break above the top line. Although it looks worrisome, it is normal for most altcoins to show such weakness due to the abnormal rise of BTC. If CHZ Coin can close above 0.085 dollars, it may return to the missed prices above 0.1-0.2 dollars. While some altcoins experience impressive recoveries after bottoming out, CHZ Coin is still stagnant compared to others, indicating its growth potential.