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Live in-game NFT launch drives the price of Chiliz (CHZ) by 170%

Live in-game NFT launch drives the price of Chiliz (CHZ) by 170%. Data from Tradingview suggests that the price has reached a daily high of $0.657 on October 31. Chiliz is known for its focus on the sports world and for helping fans interact with their favorite teams and players.   

The Crypto market is attracting people of different fields, for example, a large number of high-profile collaborations were done this year between the crypto sector and major sports leagues. NFT has made it very easy for the players to interact with their fans. Most of the players engage with the fans by issuing limited edition NFTs and other perks from the Blockchain and crypto world. Chiliz is one of the firms which has associated themselves with sports icons and leagues.

Live in-game NFT launch drives the price of Chiliz (CHZ):

The Chiliz is known for its focus and association with the sports world. It is also the firm behind the Socios fan engagement platform. On September 29, CHZ was down to the price of $0.243, and then it spiked by 170%. This spike helped the token to reach the price of $0.657 on October 31. Recent developments like Live in-game NFT are helping the token.

 Live in-game NFT
The price chart of (CHZ) by Tradingview

The main reasons behind the spikes in the prices are considered to be the launch of live in-game NFT, exchange list of the token CHZ, and newly released fan tokens. The platform is also expanding the ecosystem of its partners. The development that kicked off the current rally was the rollout of the platform’s first live, in-game NFT drop which took place in a match between A.C. Milan and A.S. Roma.

In my `opinion, these little projects based on innovative ideas can create a difference in the crypto market. They always have an element of surprise and other perks of the crypto associated with crypto for the investors.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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