Mainnet 2.0 Chiliz Will Be Integrated Into Binance Exchange: What's The Impact?

CHZ crypto assets. (Photo; Doc; Klevernews)

JAKARTA - The Chilez Network (CHZ) is entering a promising phase of expansion, with a recent announcement that could be a driving force for further adoption of CHZ digital currencies.

Salah satu aspek penting dari pengumuman ini adalah integrasi Chiliz dengan bursa utama. Dalam hal ini, perhatian tertempat pada integrasi mainnet 2.0 Chiliz dengan Binance, salah satu bursa kripto terbesar di dunia.

The move to expand CHZ to various exchanges is the main highlight point in this announcement. This effort has the potential to significantly lift the CHZ adoption rate.

Chiliz's official statement via their Twitter account confirmed Binance's support for Chilez 2.0's mainnet integration and swap. This means that the blockchain-based sports world promoted by Chiliz will venture into key exchanges. This is good news for CHZ fans, as it opens up greater opportunities for growth and acceptance of this currency.

However, the question is, will CHZ's involvement in the main exchange create a new wave of liquidity in the cryptocurrency market? Although this opportunity is open, it remains to be seen whether it will be enough to trigger a significant change in price trends.

Currently, CHZ has experienced a bearish (price drop) trend throughout August. Prices have fallen since their peak in November the previous year. Earlier this month, CHZ even hit its lowest level in history, which was 0.060 US dollars (Rp900s). However, at the time of writing of this article, there are signs that the bearish trend is starting to slow down.

Technical indicators such as Money Flow Index (MFI) show that CHZ had reached an oversold region in a trading session the previous week. In addition, the average age of the CHZ coin has decreased in the last three days, indicating significant activity in this currency exchange.

The recent accumulation rate is also reflected in metrics such as the Market Value Ratio to Realization Value (MVRV). After experiencing a decline, the MVRV CHZ has increased again, indicating an accumulation by these currency holders at the lowest price position.

Along with these positive signs, keep in mind that some factors may still affect the CHZ price movement. The CHZ supply held by its top addresses shows some outflows in recent days, which may hold back potential price increases.