Chiliz, the popular blockchain-based sports platform, has driven strong gains for CHZ token holders with a whopping 1,650% rally in just two weeks, CoinTelegraph Markets Pro has said.
Compare Chiliz to Bitcoin and Ether, and you will quickly realize that CHZ has been the right call all along.
Sports tokens just seem to be making a killing and there is no stopping them. Through the special implementation as “fan tokens” that grant soccer fans some limited executive rights in the management of soccer clubs such as Barcelona FC and Paris Saint-Germain, Chiliz' sports tokens have been increasing in value.
Each token is issued on their own and follows its own market realities. Yet, a quick look at the sports tokens issued by Chiliz reveals that each is progressing at its own pace. By sheer market cap, the biggest one is $80,176,421 for FC Barcelona Fan Token.
The token's value has increased 30.60% in the past seven days. Other wortwhile tokens include Paris-Saint Germain Fan Token, AC Milan Fan Token, and more. In terms of active wallets, the Chiliz blockchain has reached 400,000 active addresses on March 14, as confirmed by CEO Alexandre Dreyfus.
Earlier this month, we reported that Chiliz' market cap had hit $1bn in capitalization, an impressive result by all estimates.