The potential of Chiliz
Chiliz has already shown its great potential in the past: Between February and March 2021 alone, the price of the Chiliz cryptocurrency literally exploded and rose by 3,500 percent. But is a CHZ investment still worthwhile?
The great growth potential of the platform and the cryptocurrency is clearly evident: the integration of new teams, leagues and sports could attract a large number of new users. Before the corona pandemic, for example, there was only that National Football League revenue – NFL for short – in 2019 at 15.26 billion euros. Chiliz could increase this turnover even more.
Chiliz’s potential seems enormous. Nevertheless, there are also some special features of this cryptocurrency that you as an investor should consider. The individual fan tokens are highly inflationary. In order for them to maintain their price or even increase it, demand would have to increase sharply in the future. An investment directly in the CHZ token depends on the performance of the platform. If the offer prevails and many users use the platform, the demand for Chiliz (CHZ) will increase. This increases the value of the token. Conversely, however, the Chiliz token can lose value if only a few users are interested in the platform.
Basically, Chiliz is located in an exciting market. The possible target group are several billion sports fans in the world. The whole thing is paired with the use of state-of-the-art blockchain technology. Fans are already ready to spend a large sum of money for their favorite club, whether for tickets, travel to the game or jerseys. It is therefore not unrealistic that many fans could use Chiliz in the future to purchase fan tokens and thus gain decision-making power.
In summary, Chiliz is a highly exciting project that allows fans to interact directly with their team.