Is it too late to buy CHZ? Chiliz Price Soars 19%, World’s First VR/AR Token Could Be The Next Cryptocurrency To Explode

adminMay 26, 2024

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The price of Chiliz has surged 19% in the last 24 hours. Traded at $0.1346 As of 7:18 PM ET, trading volume had surged 381% to $265 million.

This surge appears to have been influenced by news that popular mobile payment service Naver Pay is collaborating with sports and entertainment blockchain company Chiliz to strengthen its global services through Web3 innovation.

Through this partnership, CHZ will be activated in the important Korean market, where the majority of citizens use Naver Pay. The number of domestic registered users is 33 million, and the number of daily users is 18 million.

Together, they plan to accelerate the Chiliz Chain’s fan token ecosystem, develop exclusive ticketing and payment solutions, and host a variety of fan-centric events.

Chiliz price signals a bullish trend reversal.

According to GeckoTerminal data, Chiliz price is in a gradual upward trend after falling from $0.1668, forming a strong support zone where buyers can regroup and recover their losses.

The Chiliz price reversal from a bullish candle at the $0.1043 level gave buyers the opportunity to begin a steady uptrend, pushing the price higher with the aim of reaching the March 13 high of $0.1672.

chiliz price

CHZUSDT analysis. Source: Tradingview.com

The 50-day and 200-day simple moving averages (SMAs) are currently below the price, confirming that the upward momentum is on.

The Relative Strength Index (RSI) has clustered around the midline of 50, but is currently showing signs of a rebound and is currently hovering at 57. Increasing momentum could push RSI into overbought territory, indicating strong buying pressure.

MACD also shows a bullish trend, with the blue line crossing the orange line and both being above the neutral line. The histogram also shows positive momentum above the neutral position, reinforcing this upward movement.

Chiliz Prices Ready to Rise

Meanwhile, Chiliz price growth appears to be preparing for further increases. With a strong support zone at $0.1043, bulls have the opportunity to push the price back up to $0.1672 in the coming weeks.

However, if the bears regain control, the bulls may pull back towards the $1.1123 support level, in line with the 200 SMA.

Best Alternative Gaming Cryptocurrencies

Meanwhile, as the price of Chiliz prepares for a strong rally, many investors are also pouring cash into Chiliz. 5SCAPE, It raised more than $6.25 million in pre-sales.

We reached $6 million 🚀. VR is a revolution and as a community we at $5Scape are trendsetters 🎉
Thank you to our amazing community! 🙌 💖
Get ready for the next level of gaming adventure and VR innovation as we embark on this exciting journey together! Let’s make magic happen… pic.twitter.com/RvUmUyU8ws
— 5th Scape (@5th_scape) May 21, 2024

5SCAPE plans to revolutionize the gaming industry by combining blockchain technology and virtual reality (VR) to create the first AR/VR mixed reality encryption platform. The team is dedicated to developing countless VR games that will run smoothly on popular VR headsets like Oculus Rift and Meta Quest 3.

🚀 Mixed martial arts fans, rejoice! Immerse yourself in the adrenaline-filled world of MMA Cage Conquest from 5thScape on Meta!
Experience fierce battles, immersive arenas, and strategic training.
Use code “5THSCAPESUBSCRIBER-80F935” to get 99% off!
To say thank you to our amazing community… pic.twitter.com/kM3BEn48tP
— 5th Scape (@5th_scape) May 14, 2024

As part of 5SCAPE EcosystemToken holders will have exclusive access to premium VR content and devices, including exclusive VR headsets and gaming chairs.

Passive Income Opportunities

The staking system provides rewards that include in-game benefits, lifetime free access to the 5SCAPE ecosystem, early access to new VR content, and community interaction.

The 5thScape Play-to-Earn feature also allows you to earn passive income by playing Web3 games such as MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.

With 5SCAPE, enter a world where your imagination is the only limit. Here’s what awaits you:
FREE LIFETIME ACCESS 🎁: Say goodbye to subscriptions! Enjoy an endless library of curated VR content that evolves according to your tastes.
Exclusive in-game advantages 🔒:… pic.twitter.com/AiPTd6NWer
— 5th Scape (@5th_scape) May 9, 2024

YouTube analyst Crypto Boy says 5SCAPE has the potential to skyrocket 100x after launch.