Chiliz price surges amid adoption in South Korea and UEFA Champions League excitement

Changelly
Chiliz price surges amid adoption in South Korea and UEFA Champions League excitement
Blockonomics

Chiliz’s price surged over 13% to surpass $0.0433, with Korea’s Naver Pay attracting nearly 1 million users to the Chiliz Chain. Furthermore, prominent European teams with fan tokens progressed in the UEFA Champions League.

Chiliz (CHZ) witnessed a more than 13% increase in value as investor interest grew stronger.

The token experienced an upward trajectory following significant developments in Asia’s cryptocurrency adoption and heightened enthusiasm surrounding European football, driving CHZ to its highest point this month.

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Boost for Chiliz Chain in Korea

Chiliz is aiming to expand its presence in South Korea through a new integration with Naver Pay, the leading payment platform in the country.

Chiliz recently announced that Naver is integrating its 33 million daily active users onto the Chiliz Chain, with the objective of accelerating growth within the SportFi ecosystem.

As part of this collaboration, Chiliz revealed that its infrastructure layer, focusing on fan engagement and tokenized sports experiences, has attracted nearly one million new users in South Korea.

Over 900,000 Naver Pay Wallets have already been established on the Chiliz Chain, enabling users to access fan tokens, digital collectibles, and blockchain-based sports rewards.

This partnership marks a significant advancement in connecting traditional fintech platforms with Web3 infrastructure, especially in South Korea, a market renowned for its active cryptocurrency trading.

CHZ Token soars as European football giants progress in UCL

The price movement of CHZ intensified during the UCL semifinals.

The token saw a surge of over 13% within the day, reaching a peak above $0.0433 and emerging as one of the top gainers. This increase was accompanied by a 262% surge in trading volume, exceeding $175 million at the time of writing, showcasing strong investor interest.

This rally coincided with Chiliz’s announcement on X that a team backed by Fan Tokens is guaranteed a spot in the UCL final.

Arsenal, Atletico Madrid, and Paris Saint-Germain (PSG) have all progressed to the semifinals, generating excitement for their Chiliz-powered Fan Tokens.

Fan Tokens, allowing supporters to participate in club decisions and earn rewards, witnessed increased trading activity as fans rallied behind their respective teams.

Chiliz price forecast

Analysts maintain a bullish outlook on CHZ leading up to the 2026 World Cup in the United States, Canada, and Mexico, anticipating a potential surge as the event approaches.

In the short term, CHZ could climb to $0.06 if the Korean onboarding process continues successfully and the UCL finals result in spikes in fan token engagement.

However, key resistance levels are positioned at $0.045 and $0.05, with immediate support likely at $0.038.

Macroeconomic and geopolitical factors could trigger broader market fluctuations, potentially impacting Chiliz’s price alongside other major cryptocurrencies.

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