The leading blockchain for sports and entertainment Chiliz has scored 29% gains in the last week. Most of October saw CHZ trade below the $0.2 mark. However, the last few days of the month saw the token break past this barrier. It established a new local high of $0.2524 today. This is the first time CHZ is reaching this high in the last 30 days. Several developments are responsible for CHZ’s recent growth. First, the blockchain recently released Cayenne, its Scotville testnet’s fourth and final phase. Plus, the FIFA world cup is scheduled to kick off this November. Being the football organization’s official crypto token, market participants expect an increase in demand during the period. Related Reading: Dogecoin Shows Bullish Bias As $0.12 Support Holds; Will $0.15 Be Breached? Upcoming FIFA World Cup Tournament Causes CHZ To Soar The next edition of the FIFA World Cup will be the tournament’s 22nd iteration and will be held in Qatar. The tournament will last for 28 days, beginning from November 20 to December 18. As the world cup draws closer, fan tokens are seeing a price surge, looking to outperform meme coins like SHIB. Demand for CHZ on the Chiliz network may remain strong thanks to the tournament’s offers. Chiliz is a platform where sports fans can get involved with their favorite teams. This is achieved by providing them with a variety of incentives, including monetary bonuses, event tickets, and access to ...
