Since the beginning of the 2022 2FIFA World Cup, the value of Chiliz native token has plummeted. Due to the discovery of various issues, the sporting event has been met with some controversies. Not to mention that just a week before the World Cup’s start, the collapse of the infamous FTX exchange shook the crypto world. But then, this is not the main point here. Despite some promising advances off-chain, Chiliz continues to struggle. The token is down more than 30% in the last two weeks. There is a lot of bearish evidence in the technicals and stats. If the price drops below $0.1451, short selling becomes an option. This added strain to the already overburdened Chiliz ecosystem, which has had trouble drawing in investors and sports fans despite the testnet release of its Chiliz 2.0 update. However, CoinGecko reported a 1.3% price increase just lately. Related Reading: Litecoin Continues To Surge As Hash Rate Records New ATH – How About LTC Price? When Will CHZ Get Its Zing Back? On a green candlestick, the current price of CHZ is $0.1677. An o ..
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