Chiliz CEO expressed pride in the 2.1 million wallets that have so far been created on the network’s first iteration.
its reach over the last few months, as well as achieving more adoption. These observations underscore the network’s growth potential and this would explain why Dreyfus is confident about Chiliz 2.0.CHZ has been struggling with low volumes after its mid-June bounce. It has been trading in a sideways pattern for the most part in the last four weeks and any bullish attempts have been subdued below the $0.085 price level. CHZ traded at $0.079 at press time, which was still within its lower range.
Its RSI has been hovering near the 50% level while the MFI signifies that there was still some accumulation and distribution taking place. CHZ’s performance may not offer much in terms of insights about its future performance. On-chain data may offer more clarity.although it is now showing signs of a potential pivot. Interestingly, the network’s weighted sentiment metric has been ascending since the second week of July. In other words, CHZ bullish expectations have been dominant.
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