Fan token generator and sports activities tool Chiliz (CHZ) has signed a deal with Mexico’s powerful football club Club Santos.
Chiliz wants to maintain its leadership in the fan token industry and sports activities. The company, which develops globally and establishes partnerships with different sports clubs, announced a new partnership on social media. CHZ has also acquired Mexican football club Club Santos.
Chiliz Grows, CHZ Is Globally Recognized
Founder of Chiliz Alex Dreyfus , recently mentioned that the ecosystem will develop further. The project, which has grown on a global scale, has attracted the attention of dozens of countries as a partner in sports activities.
The popular fan token provider continues to expand and grow its ecosystem in Mexico. He recently announced via social media that he has partnered with Mexican football club Atlas FC. Today, the team started its partnership with Club Santos, another strong club of the same country.
Dreyfus, who is on the radar of Mexicans with a strong interest in football, aims to ensure the adoption of cryptocurrencies in a fun way. Providing fan token services through the Socios platform, CHZ also maintains partnerships with powerful exchanges. Last year, it made an agreement with the FTX exchange to list fan tokens. This deal strengthened CHZ in fan token and sports category crypto services.
Finally, the platform, which also carries out its activities in Turkey, Gaziantep Football Clubpartnered with.
Chiliz Chart Analysis, What Will CHZ Price Be?
Chiliz is down nearly 25 percent from its September high of $0.282. It also formed bottom zones at $0.208 earlier this week.
The lows of the week are located within the 0.382 Fibonacci line. The Fibonacci line may indicate that the project will move into an uptrend, creating a bullish wave. Also, the downside in the last two weeks has also dropped below the 50% RSI level.
As the chart shows, it needs to break the $0.23575 level to catch the bullish wave. It should also seek support near $0.20665 if there is a possible pullback. Due to news feeds and increased social activity, a bullish wave could be seen for Chiliz in the short term.
Chiliz, which develops its ecosystem, grows globally and makes new partnerships, has not experienced a price explosion yet. However, it also draws attention as one of the most profitable cryptocurrencies since June. The growth of the ecosystem is interpreted as a bullish preparation for CHZ.
