Chiliz (CHZ) increases its value 17 times in March

Blockchain-based sports platform Chiliz (CHZ) has moved stones in place in the altcoin world. The currency has undersigned performance that overtakes Bitcoin (BTC) and Ether (ETH), leading names in the industry.

According to data from Cointelegraph Markets Pro, CHZ consolidated as of March 17, after gaining over 1,600 percent in one month.

Chiliz is up 1,650 percent in two weeks

As Bitcoin approaches its all-time highs, the expectation is rising that its “sub-season” will begin in the coming months.

This month, on the other hand, several tokens were featured, generating much more revenue than the rest of the market. Especially developed for Chiliz and some sports clubs, tokens have been on the rise in recent weeks. Chiliz; It creates infrastructure for a large number of fan tokens, including major football clubs such as Barcelona FC and Paris Saint-Germain.

Last week only; Many tokens, led by the fan token Team Heretics (TH), which have grown 425 percent since the beginning of March, have accelerated by over 100 percent.

Largest fan tokens by market value. Source: CoinMarketCap

According to CEO Alexandre Dreyfus, the Chiliz blockchain reached 400,000 active wallets on March 14.

With the success of fan tokens, unique tokens (NFTs) came to the fore as a new craze that has swept the cryptocurrency world.

As Cointelegraph reported, the nascent ecosystem saw the sale of a digital artwork for $ 69 million last week.

Opposition views liken the NFT craze to 2017 ICO projects and last year’s DeFi boom.

John Carvalho, former CCO of Bitcoin payment company Bitrefill, on Wednesday he wrote as follows: “NFT art is very difficult to explain because it doesn’t make sense.”

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