Crypto Surge Alert: Chiliz, Zcash
Chiliz (CHZ) +17.89%
Chiliz (CHZ) is a blockchain-based platform focused on sports and entertainment fan engagement through tokenized fan tokens. It powers fan interaction and voting rights for major sports teams worldwide.
#CHZ recently saw a significant boost driven by MEXC’s “CHZ Frenzy” zero-fee trading and staking event, which attracted 140,000 participants. This event caused CHZ futures volume to spike by 55%, while the number of Fan Token holders surged by 640%, reflecting growing user interest and adoption.
Given this strong momentum from increased trading activity and expanding user base, CHZ’s price is likely to continue its upward trajectory in the short term. However, traders should monitor whether the volume sustains beyond promotional events to confirm a lasting rally.
Zcash (ZEC) +8.2%
Zcash (ZEC) is a privacy-focused cryptocurrency known for its use of zero-knowledge proofs to enable confidential transactions. It aims to provide enhanced privacy compared to other cryptocurrencies like Bitcoin.
#ZEC experienced a notable price jump of approximately 12% within the last 24 hours, reaching around $430 after recovering from a dip below $400. This surge was accompanied by a 21% increase in holdings by whales, indicating renewed institutional interest despite recent price volatility.
While the sudden price recovery suggests positive sentiment returning to ZEC, the market remains cautious due to recent struggles to maintain gains above $400. If whale accumulation continues, ZEC could see further upside; otherwise, short-term corrections are possible.
