That Altcoin on the Turks’ radar announces a partnership: price increase!

THE cryptocurrency the market consolidates in the red zone. However, there are also crypto projects that continue on their way. One of them is Chiliz, which attracts the attention of Turkish cryptocurrency investors. In this context Chiliz, often present on the agenda with its partnerships, has a new partnership. After this major announcement, the price of the altcoin continues to move north.

Chiliz and Azuro collaborated, the price of the altcoin skyrocketed!

As you followed Cryptokoin.com, the Fan Token-focused altcoin project Chiliz often makes a name for itself with major partnerships. In a recent development, Chiliz announced a funding program in collaboration with Azuro to support dApps based on the Azuro and Chiliz Blockchain protocol and expand the on-chain sports prediction market. The funding program is currently open for applications. Furthermore, the financing is divided into two levels. These are: $2,000 to add features to existing applications and $4,000 for complex features or new dApps.

After this development, the price of the altcoin started to rise. CHZ it moved to $0.1583 from $0.147 on the day. At the time of writing, the token was trading at $0.1583, up 7.68% on a daily basis. The increase continues with the impact of the news.

CHZ daily price chart. Source: CoinMarketCap

Chiliz’s new collaborations and opportunities

CHZ has also generated interest in the market with its recent collaborations. Their partnership has the potential to increase future altcoin project expansion opportunities. SBI Digital Asset Holdings has announced its collaboration with Chiliz in the second week of May 2024. The collaboration with a leading Japanese institution opens the door for CHZ to enter the Japanese market. Startups are eager to introduce fan tokens to Japan. This is a move that will attract a new wave of new customers from the country.

Furthermore, according to the Chiliz post on X, South Korean payments giant Naver Pay has also collaborated with this platform. Naver Pay is used by the majority of South Koreans, with 33 million registered users and 18 million daily users.

Will Altcoin Rally Continue Thanks to Multi-Level Partnerships?

Chiliz recorded a 29.4% increase in value over the past week. Currently, the token is trading at $0.1583, with a daily gain of 7.68%. The continuation of new partnerships shows that, according to experts, the cryptocurrency is on the verge of significant growth. According to the latest CHZ price predictions, the token has the potential to reach higher levels. To achieve this and attract a broader audience, cryptocurrency must expand its utility and technological capabilities. High-profile partnerships are also a viable way to maintain relevance in the market.

Also the CHZ the price increased significantly towards the bidding zone, which was tested three times. At the time of writing, the altcoin’s price was at the same threshold level for the fourth time. According to analysts, if the price manages to clear the possible hurdle of $0.16000, it is likely to aim for $0.22000 with the primary resistance level at $0.30000.

Follow us on Twitter, Facebook AND Instagramand join ours Telegram AND Youtube channel to stay updated on the latest news!

Source