Chiliz (CHZ) Leads Crypto Rally Ahead Pequin Update
2022.08.17 01:37
Chiliz (CHZ) Leads Crypto Rally Ahead Pequin Update
Fan token Chiliz (CHZ) rallied significantly during the past 24 hours, marking more than 23% growth on Tuesday, August 16th. The surge gained momentum after the CHZ team hinted at the upcoming testnet update.
The price of Chiliz (CHZ) pumped from $0.1738 to $0.2128 on Tuesday, bringing its market value to $1,24 billion according to CoinMarketCap. The native token of the sports fan engagement platform Socios.com has been rising since the end of July, with the price of CHZ almost doubled since then.
Chiliz Teased On Pequin Update
One of the key reasons for a CHZ price rally could be addressed to the Chilliz team hinting at the upcoming Scoville network upgrade. The official Twitter (NYSE:TWTR) account of Chilliz posted a note mentioning Pequin, the Phase 5 update of its Scoville testnet.
