{"id":515518,"date":"2023-01-10T06:10:46","date_gmt":"2023-01-10T11:10:46","guid":{"rendered":"https:\/\/wncen.com\/?p=515518"},"modified":"2023-03-08T07:26:14","modified_gmt":"2023-03-08T07:26:14","slug":"chiliz-hits-15-weekly-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chiliz-hits-15-weekly-gains\/","title":{"rendered":"Chiliz Serves Up 16% Weekly Gains, Becomes Most Traded Token Among ETH Whales"},"content":{"rendered":"
Chiliz (CHZ) started off 2023 by putting together a 20% increase in its value during the first five days of the year.<\/span><\/p>\n This strengthened the hopes of the holders of the crypto that it might have a strong bullish rally this year as opposed to the consistent downtrend it had experienced over the last two months.<\/span><\/p>\n At the moment, this could prove true as data from <\/span>Coingecko<\/span><\/a> indicates that the asset rose by 16% during the past seven days. At the time of writing, CHZ was trading at $0.1181.<\/span><\/p>\n Analysts, however, are giving words of caution that this rally might be short-lived as some developments that involve the altcoin are not necessarily indications of a major surge that would provide an opportunity for profit taking among holders.<\/span><\/p>\n <\/p>\n According to the information <\/span>shared by crypto whales tracker WhaleStats<\/a> via Twitter<\/span>, Chiliz was able to surpass Numeraire (NMR) as it became the most traded digital token among the top 500 ETH whales.<\/span><\/p>\n To the untrained eyes, this might appear to be a precedent of an upcoming bullish rally that might push the crypto\u2019s trading price to higher levels.<\/span><\/p>\n \ud83d\udcf0 JUST IN: $CHZ<\/a> @chiliz<\/a> flipped $NMR<\/a> for MOST TRADED token among top 500 #ETH<\/a> whales<\/p>\n Peep the top 100 whales here: https:\/\/t.co\/tgYTpOm5ws<\/a><\/p>\n (and hodl $BBW<\/a> to see data for the top 500!)#CHZ<\/a> #NMR<\/a> #whalestats<\/a> #babywhale<\/a> #BBW<\/a> pic.twitter.com\/FtjZDbV3nf<\/a><\/p>\n \u2014 WhaleStats (tracking crypto whales) (@WhaleStats) January 8, 2023<\/a><\/p><\/blockquote>\n But seasoned analysts would say that this could also be an indication that the ETH whales are now looking to make profit from their holdings through <\/span>dumping of their CHZ tokens<\/span>.<\/span><\/p>\n If this action is not averted, the altcoin might be subjected to tremendous selling pressure and this could be disastrous as it often leads to price crash.<\/span><\/p>\nImage: Watcher Guru<\/pre>\n
Chiliz Whets Appetite Of ETH Whales\u00a0<\/b><\/h2>\n
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