- Chiliz, a popular altcoin among Turkish crypto investors, has announced a significant new partnership.
- This collaboration is expected to enhance Chiliz’s presence in the on-chain sports prediction market.
- Following the announcement, the price of Chiliz (CHZ) saw a notable increase.
Discover how Chiliz’s latest partnership with Azuro is driving its price upward and expanding its market reach.
Chiliz and Azuro Partnership: A Boost for Altcoin Prices
Chiliz, known for its focus on Fan Tokens, has entered into a strategic partnership with Azuro. This collaboration aims to support dApps built on the Chiliz Blockchain and expand the on-chain sports prediction market. The funding program announced as part of this partnership is currently open for applications, offering $2,000 for adding features to existing applications and $4,000 for developing complex features or new dApps.
New Collaborations and Market Opportunities
Chiliz has been making headlines with its recent partnerships, which have the potential to significantly expand its market presence. In May 2024, Chiliz announced a collaboration with SBI Digital Asset Holdings, a leading Japanese institution. This partnership is expected to facilitate Chiliz’s entry into the Japanese market, attracting a new wave of customers interested in Fan Tokens.
Additionally, Chiliz has partnered with Naver Pay, a major South Korean payment platform with 33 million registered users and 18 million daily users. This collaboration aims to enhance fan engagement and support Chiliz’s global expansion.
Will the Altcoin Rally Continue?
Over the past week, Chiliz has seen a 29.4% increase in value, with the token currently trading at $0.1583, up 7.68% on the day. Experts believe that these new partnerships indicate significant growth potential for Chiliz. According to the latest price predictions, if Chiliz can overcome the $0.1600 resistance level, it could target primary resistance at $0.2200 and potentially reach $0.3000.
Conclusion
Chiliz’s recent partnerships with Azuro, SBI Digital Asset Holdings, and Naver Pay are driving its market growth and enhancing its technological capabilities. As Chiliz continues to expand its reach and improve its offerings, it is well-positioned for further growth. Investors should keep an eye on Chiliz’s developments as the altcoin continues to make significant strides in the crypto market.
