Most Undervalued Cryptocurrencies to Invest in 2024: Unlocking the Potential of Ellipsis, Storj, and Chiliz

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 20 2024

CHZ-2.345%

AGLD-4.036%

STORJ-5.4%

Should l Buy CHZ?

Ellipsis, Storj, and Chiliz Innovations: Ellipsis provides efficient token swaps on the BNB chain using Curve Finance's technology, while Storj revolutionizes cloud storage by connecting users with idle hard drive space, rewarding them with tokens. Chiliz empowers sports fans to influence team decisions through token ownership.
Emerging Platforms in Decentralization: Innovative platforms like Adventure Gold and SuperVerse are redefining industries such as gaming and cloud storage, offering unique NFT rewards and low-cost blockchain transactions to enhance user engagement and experience.

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Technical Analysis for CHZ

Technical Sentiment Analysis for Chiliz (CHZ) As of , Chiliz (CHZ) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CHZ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CHZ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chiliz (CHZ) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0188	0.0266	0.0352	0.043	0.0516	0.0594	0.068
Fibonacci	0.0266	0.0328	0.0367	0.043	0.0492	0.0531	0.0594

About CHZ

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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