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Home Crypto News Market Nasdaq Acknowledges Chiliz (CHZ) As An Low-Cost Altcoin With Solid Potential In...

Nasdaq Acknowledges Chiliz (CHZ) As An Low-Cost Altcoin With Solid Potential In 2021

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The Well-Known American Stock exchange Nasdaq has recently published an article titled “7 Low-Cost Altcoins That Still Have Solid Potential In 2021” that include Chiliz (CHZ) in its list.


The Nasdaq article says that because of recent sell off crypto investors are looking for low priced coins that could make new cryptocurrency millionaires.

According to article these seven coins have a strong product and true potential that make them look very attractive for crypto investors with much up side potential.

The article reads:

“There have been spectacular increases in the price of altcoins in 2021. Thus it is no surprise that the market is looking for new low-priced altcoins that could make new “crypto millionaires.” As a result of the recent sell-off in digital currencies, cheaper altcoins might look like attractive assets due to their potential upside. Therefore, today I’ll discuss seven low-cost cryptos that still have solid upside potential in the rest of the year. What a week it has been for cryptocurrencies. In a matter of days, many of the darlings among digital assets are about 50% down from their all-time-highs hit earlier in the year.”

The List include following coins:

  • Basic Attention Token (BAT)
  • Chainlink (LINK)
  • Chia (XCH)
  • Chiliz (CHZ)
  • Holo (HOT)
  • VeChain (VET)
  • Zilliqa (ZIL)

Nasdaq Admired Chiliz (CHZ) as an Altcoin with Solid potential in 2021

CHZ is native coin of Chiliz. According to Nasdaq article:

“Chiliz operates in the non-fungible token (NFT) space, which has become the latest global digital token phenomenon. Such blockchain-based tokens are certificates of ownership of virtual or physical assets. Most of these token are currently built on the Ethereum platform.”

What Nasdaq article says about CHZ:

“CHZ is the crypto for the Chiliz and Socios.com platforms. Chiliz.net is a tokenized sports exchange where fans trade or purchase sports-branded tokens. It has become the leading blockchain in the esports arena.

Similarly, on Socios.com, users can, for example, buy voting rights for their favorite teams. They interact with European soccer clubs like FC Barcelona, Manchester City, Juventus, Atletico de Madrid or Paris Saint-Germain. These clubs can set up their own tokens and sell fans special perks, such as voting rights on team jersey designs or early access to game tickets. There are over 100 sports teams on the platform.

The company is beginning to grow its U.S. operations, too. CEO Alexandre Dreyfus noted, “the company is preparing to launch fan tokens with franchises from the five major U.S. sports leagues.” In late April, the group partnered with the New Jersey Devils of the National Hockey League. The aim is increased audience monetization and fan engagement.

Rakuten (OTCMKTS:RKUNY) and Chiliz also announced a partnership whereby “Rakuten customers in Spain, UK and Germany can use Rakuten points to redeem Fan Tokens.”

Sports fans can certainly push Chiliz further up in the coming months. InvestorPlace.com readers are well familiar with the massive popularity of fantasy sports. Participation by sports fans could continue to provide tailwinds for the Chiliz token. Finally, the company regularly updates the list of exchanges where crypto users can buy CHZ-USD.”

Over time Chiliz token (CHZ) has gained a strong reputation as a exclusive currency used on the Socios.com platform, that is used by fans to buy branded ‘Fan Tokens’ from internationally recognized sports teams and organizations. Chiliz gained so much attraction because football teams such as FC Barcelona, Juventus, Paris Saint-Germain, and AC Milan launched their fan tokens in collaboration with Chiliz.

Read: Nasdaq Article

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammara Mubin
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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