Is chiliz a good investment? Especially in bear markets such questions come up frequently. But Chiliz coin has so much going on for it. It’s famous frontend socios.com is continuing to display a ramp up in partnerships and fan tokens. Chiliz coin enables the purchase of such fan tokens on their plaform socios.com and with it the monetization of interaction of clubs with their fans. For me it is one of the most promising crypto altcoins in 2022 with immense upside. Let us take a look at the latest developments.

New partnerships with major soccer clubs

On their Twitter, Chiliz and Socios are launching fireworks of new partnerships. The most recent ones are Benfica from Portugal, Fluminense FC from Brazils first division and the first ever indonesian club Persib. With this the Socios ecosystem grows to more than 150 sports clubs enabling fan engagement in a way never seen before. On their medium article for announcign the Persib partnership Alexandre Dreyfus, CEO of Chiliz and Socios.com, comments: “We’re delighted to enter another new market, where there is a huge passion for domestic football and love for the global game.” Most likely because of the competitive nature of the soccer club environment it will not take long for other indonesian football clubs to follow Persib to socios.com. Persib is not any club but rather a first division double championship winner.

An all time high in Wallet Addresses

Good news for Chiliz investors are coming from the on-chain-data. The team reports on their Twitter channel that the number of wallet addresses exceeds one and a half million wallet addresses on the Chiliz Chain. Compared to other altcoin crypto projects this is a huge number but we have to keep in mind, that as a user on socios.com you need to buy Chiliz coins to then buy the fan token you are looking for. Needless to say that most of these wallets are holding minor amounts of Chiliz. Therefore these can not be all considered investor wallets. The upside to this number is that it shows increased usage of the token on the socios app which ultimately drives the value of the token.

Chiliz coin potential for the coming years

The chiliz token is already down 87% from it’s all time high in March 2021 where Chiliz failed to hit the $1 mark. Since then it has been correcting for more than a year already. Considering being in a bear market already there might be still a capitulation event ahead bringing Chiliz into single digit areas. My personal strategy – and this is not financial advice whatsoever – will be scaling in once it enter single digit cent prices. This is because I hold a bag with an average price of 3,6 cents. If you are not invested in Chiliz yet but are seeing the huge potential you might want to start scaling in already. Before you do make sure you perform your own research on the chiliz coin and only add this opinion article as additional information as it is written for educational purposes only. As a final word: there is so much going on for this project and still so much undiscovered partnerships and territories that this might be only the beginning of insane gains.

We will leave it with that.

Best,

Patient Hodler