Crypto Rating offers an all-encompassing analysis and accurate Chiliz price prediction and forecast for July 14, 2020, based on the showings of our proprietary machine learning algorithm. Keen traders and investors will get a profound insight into the expected short-tem (day), mid-term (week, month, 6 months) and long-term (the period from 1 to 5 years) price forecast of Chiliz. Thanks to the scrupulous and timely analysis of historical price action of CHZ, carried out by the algorithm that takes into account the underlying behavioral patterns and irregularities, the evaluation of the present market conditions and crowd sentiment, the trading volume and volatility profiles - as well as the readings of important indicators and oscillators - investors and traders can make an educated decision regarding the most appropriate time to enter/exit the market, as well as Chiliz's overall potential and the expected direction of price action in short/long term.
Before delving into the in-depth analysis of Chiliz's present and future price action and offering a precise Chiliz price forecast, we would like to give a word of advice to potential cryptocurrency investors and nascent traders to always pay close attention to the Volatility Index (VIX). This index represents one of the core instruments for understanding and analyzing market volatility, a crucial factor that must be taken into account when devising trading/investment strategies for different time periods. It uses the real-market data to reflect the expectation regarding future volatility of Chiliz, thus affording means for assessing the market sentiment and mitigating risks. The index depicts the month-by-month price fluctuations within the 10% range.
The Volatility Index is utilized on major stock and currency exchanges, as well as by our proprietary price prediction algorithm, as it boasts proven reliability and effectiveness. Apart from using volatility estimates provided by VIX, the algorithm sift through numerous deviations that occur within the designated range to deliver the most precise price forecast for Chiliz.
This month, the Volatility Index in the Chiliz market stands at 377, which is considered as high for this particular cryptocurrency. Therefore, the price of Chiliz did experience radical fluctuations of its weighted average monthly price.
These VIX readings signify that the value of Chiliz has entered the period of instability and increased volatility. Therefore, traders and investors must now monitor this market closely and set the stop-losses in order to manage risk and minimize potential losses while maximizing the profits.
The current Chiliz price stands at $0.012268, with the average daily trading volume of $57 492 155, and circulating supply of 4 686 493 194 CHZ. Our in-house machine learning algorithm determined that Chiliz will get a 2.51% boost tomorrow, with the ultimate price target being set at $0.012576. This prognosis is based on readings of the Volatility Index and several other core indicators, as well as the comprehensive analysis of patterns and volume profile.
By employing the same analytical approach on a larger time frame, and factoring in such important values as market capitalization, the weekly trading volume, and the related historical data derived from this market, our unique price forecast algorithm determined that in the one week's time, the price of Chiliz will stand at $0.012219, which constitutes a -0.40% move to the downside from its present position at $0.012268.
Our cryptocurrency price forecasting algorithm, which absorbed the latest developments in the field of artificial intelligence, tells that in one month, the value of Chiliz will have an appreciation of 19.28%. In six months, the price of Chiliz will go 70.23% to the upside (stay within the current consolidation range), which falls in line with the overall direction of price movement, determined by the algorithm.
The further analysis of the entire cryptocurrency market, and the Chiliz market, in particular, reveals the high probability of Chiliz reaching the price level at $0.024336 by July 14, 2021, which would make for a 98.37% increase, on the back of the rising interest towards this cryptocurrency from the affluent institutional and retail investors, as well as an introduction of more favorable regulations with regard to cryptographic currencies.
Our AI-enabled algorithm determined the year-by-year price change of Chiliz as follows:
The algorithm had also pinpointed significant price fluctuations that Chiliz experienced over the past 180 days. Therefore, the price ceiling for that period of time was established at $0.020884, while the bottom of the possible price range is situated at $0.020860.
The cryptocurrency market might appear somewhat dull, especially after recent crises, but the underlying technology remains valid and immensely promising. Given Chiliz strong fundamentals, the odds are in its favor to make an impact in this market in the long run.
Thanks to our algorithm and price analysis charts, you will be able to cherry-pick the most appropriate entry/exit spots for maximizing the profits.
Follow our Chiliz price predictions to keep abreast of the developments in the cryptocurrency markets and get the most accurate daily, monthly, and yearly Chiliz price forecasts.
Please read our Disclaimer before using price predictions.
|4 years||$0.144619||1 078.83%|
|5 years||$0.282084||2 199.35%|
What is the current price of Chiliz (CHZ)?
The current price of Chiliz is $0.012268.
What is the current market capitalization of Chiliz (CHZ)?
The current market capitalization of Chiliz is $57 492 155.
What will be the price of Chiliz (CHZ) Tomorrow?
Our algorithm forecasts that the price of Chiliz will reach $0.012576 tomorrow.
In 1 year from now what will 1 Chiliz be worth?
As per the forecast and algorithmic analysis, the the price of 1 Chiliz will be around $0.024336.
Is it profitable to invest in Chiliz (CHZ)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Chiliz (CHZ) as a short term investment. Chiliz can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Chiliz be growing in the Future?
Chiliz is potentially one of the most profitable among digital coins.
How high can the Price of Chiliz go?
Our algorithm forecasts that the price of Chiliz will reach $0.282084 by 2023.
Is Chiliz (CHZ) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Chiliz now.
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|Сryptocurrency||Volatility index||Price||Change, 24h|