- The Chiliz price jumped more than 50% in March.
- Everyone wonders whether Chiliz has the potential to go “to the moon” like Dogecoin.
- The two tokens are altcoin with moon-shot potential.
Earlier today, analyst David Moadel’s post on Twitter said, “Everybody Wants the Next Dogecoin, and Chiliz Could Be It.”
Everyone wonders whether Chiliz has the potential to go “to the moon” like Dogecoin. Besides, there are similarities between the two tokens. The two tokens are altcoin with moon-shot potential.
Everybody Wants the Next Dogecoin, and Chiliz Could Be It – article I wrote for @investorplace https://t.co/o022qP6RHd $CHZ #chiliz $DOGE #dogecoin $BTC #crypto #bitcoin $ETH $XRP $DOGE $LTC $SPY $QQQ $DIA $DJIA #stockmarket #stocks $AAPL $TSLA $AMZN $INTC $NFLX $AMD $NIO $GME
— David Moadel (@davidmoadel) May 25, 2021
But also a connection to a particular class of digital assets that has captured the market’s imagination. It rewarded some traders quite handsomely.
Unlike Dogecoin, Chiliz didn’t start as a joke. Besides, it is the basis of a serious business from the outset. Chiliz is a Malta-based firm with partnerships with major European soccer teams and the mixed martial arts organizations UFC and Professional Fighters League.
The cryptocurrency Chiliz suits this business model perfectly as it’s a token that targets sports fans. CEO Alexandre Dreyfus has ambitious plans for the firm. With upcoming new partners and the growth of our ecosystem this summer. Chiliz reportedly expects a five-fold rise in its fan tokens on its platform, Socios.com, this year.
Chiliz also attaches non-fungible tokens (NFTs), which are a red-hot commodity this year. However, Dreyfus desired to indicate that the Chiliz tokens are not NFTs. So, here is how it might reflect Chiliz coins similar to NFTs.
Through Socios.com, sports teams can sell fans exclusive perks. Examples of these perks might involve taking early access to tickets or voting on team jersey designs.