As CHZ pumps +150%, yellow flags emerge

Profile picture
Ibis
Mar 5, 2021

If you needed any more proof that NFT’s are the market’s favorite new toy, Chiliz’s (CHZ) price chart over the past 72 hours should do the trick.


For those fuzzy on the name, CHZ is the token powering the Chiliz blockchain, which aims to build “the world’s first scalable fan engagement & rewards app where fans can buy & trade branded Fan Tokens as well as vote in club-focused surveys & polls.”


The ERC-20 coin has surged by +156% since the start of the month, reaching a new price all-time high of $0.141 just a few hours ago. It has since retreated slightly, but still remains the best performing cryptocurrency over the past 24 hours:

CHZ, price, past 30 days (Source: Sanbase)

The reason for the rally appears to be twofold. On March 2nd, the Chiliz team announced their

There’s more of this Insight

Choose your subscription plan

Sanbase PRO

Unlock all PRO insights
$51/mo

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!

Assets from this insight

Chiliz logo

ChilizCHZ

$ 0.512635

4.76%in last 7d
0