Chiliz (CHZ) price rallies after launching new DEX for its users
As the crypto market slowly recovers from last week’s plunge, Chiliz (CHZ) token has today rallied by over 8% becoming one of the top gainers in the crypto market today while the overall crypto market value dropped by about 1.8% over the past 24 hours.At the time of writing, Chiliz (CHZ) was trading at $0.1289 up 8.79% after retracing from a daily high of $0.1403.
CHZ, Chiliz blockchain native token, which helps sports teams in launching their fan tokens has disassociated from the ongoing market sentiments, with its recent rally helping it to cover the past week’s loss. Chiliz CEO, Alexandre Dreyfus, noted that CHZ chain 2.0 will be launching the first Decentralized crypto exchange (DEX) for their fan tokens. With this move, the liquidity of the token is expected to increase but also the new DEX will come with certain capabilities that will enable third-party developers to develop new features.
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