Chiliz (CHZ) scores 1,600% gains in March as fan tokens outperform everything

Chiliz (CHZ) scores 1,600% gains in March as fan tokens outperform everything

A mesmerizing performance over the past two-and-a-half weeks brings serious returns to those who bought in February or earlier.To get more news about WikiFX, you can visit official website.

  Blockchain-based sports platform Chiliz (CHZ) is leading a boom in one sector of the altcoin world which is putting Bitcoin (BTC) and Ether (ETH) to shame.

  According to data from Cointelegraph Markets Pro, CHZ is consolidating on March 17 after month-to-date gains which topped 1,600%.

  Chiliz up 1,650% in 2 weeks

  With altcoins firmly back in the spotlight as Bitcoin itself is nearing all-time highs, anticipation is building that the coming months will produce an “altseason” like no other.

  This month, however, one group of tokens is already spawning gains which far outpace the rest. Sports tokens, including Chiliz and those tied to specific teams, have seen a dramatic reversal of fortune in recent weeks. Chiliz forms the underlying infrastructure for a large number of fan tokens, including major football clubs such as Barcelona FC and Paris Saint-Germain.

  In the past week alone, several have seen 100% returns, led by fan token Team Heretics (TH), which since the start of March has increased 425%.Chiliz itself was tipped for major gains, with Cointelegraphs VORTECS™ beginning to detect a bullish outlook for CHZ on March 12, just before it rose to all-time highs of $0.86. The clincher was news that exchange OKEx would enable margin trading for the token and several others.

  The VORTECS™ score is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.