Chiliz [CHZ] Price Jumps 11.7% on Socios Equity Token Frenzy
Chiliz [CHZ] made a significant comeback after weeks of weakness, reaching a three-week high of $0.0154.
The altcoin broke out above its 20-day and 50-day Moving Averages, indicating stronger upside momentum.
The rally was accompanied by increased trading activity, with Volume rising 89% to $153 million.
One possible factor behind CHZ's surge is the introduction of Socios Equity Tokens, which could expand Chiliz beyond fan engagement into sports-team ownership.