Chiliz

United

Show

Terra

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chiliz-chz-hits-milestone-price-as-crypto-market-takes-new-turn" rel="noopener noreferrer nofollow">Chiliz (CHZ) Hits Milestone Price as Crypto Market Takes New Turn</a><br></p>
<p style="text-align: justify">In the crypto market, a notable shift has been observed as <a href="https://en.bitcoinhaber.net/grayscale-bitcoin-trust-transforms-into-a-spot-bitcoin-etf" rel="noopener noreferrer nofollow">Bitcoin</a>‘s recent downturn influenced the general trajectory of altcoins. Amidst this change in market dynamics, Chiliz (CHZ) has emerged as a standout performer, successfully hitting its anticipated target price. Investors have shown keen interest in these lower market cap altcoins, speculating on their potential to yield significant returns.</p>
<h2 id="chiliz-chz-gains-amid-market-turbulence">Chiliz (CHZ) Gains Amid Market Turbulence</h2>
<p style="text-align: justify">Chiliz, the digital currency associated with sports fan engagement, witnessed a surge in investor interest following the announcement of its Tokenomics 2.0, which features a token burn mechanism. This development fueled a price increase, leading Chiliz to breach the $0.14 mark, a target long in focus by market analysts. An upward trend was initiated in mid-January, with the momentum building on the back of successive closures above $0.085. CHZ’s recent peak nearly accomplished a 61% gain, a bullish signal for future price movements.</p>
<p style="text-align: justify">Should CHZ maintain closures above $0.14, the rally may extend towards the $0.17 threshold. Medium-term targets at $0.2 and $0.27 also remain in sight. Nevertheless, Bitcoin’s struggle to hold the $51,000 level, coupled with expected low weekend trading volumes and profit-taking by investors, hints at the possibility of a short-term reversal.</p>
<h2 id="other-altcoins-show-mixed-performance">Other Altcoins Show Mixed Performance</h2>
<p style="text-align: justify">CEEK Coin is projected to face further declines, though it has managed to stay afloat above the $0.05 support level. A breach of this threshold could lead CEEK towards support areas at $0.048 and $0.044, with a potential fall to all-time lows if the downtrend intensifies.</p>
<p style="text-align: justify">Additionally, the impending extradition of Terra founder Do Kwon to the United States has cast a shadow over LUNA Coin. Following the official announcement, LUNA’s price experienced a dip, reaching a recent low of $0.63. If the trend continues and the price closes below $0.64, LUNA might be headed for lows between $0.55 and $0.388.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chiliz-chz-hits-milestone-price-as-crypto-market-takes-new-turn" rel="noopener noreferrer nofollow">Chiliz (CHZ) Hits Milestone Price as Crypto Market Takes New Turn</a></h5>

Chiliz (CHZ) Hits Milestone Price as Crypto Market Takes New Turn

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