EURO 2024 Is Approaching, Altcoin Price Starts to Rise

CHZ, Chiliz blockchain's own cryptocurrency, started to gain value with the approach of EURO 2024.

The CHZ token used by Socios.com, which produces fan tokens, had doubled in value before the World Cup in 2022. The CHZ price fell by nearly 40% in December of the same year.

It seems that the CHZ price is also affected by EURO 2024, which will be held between June 14 and July 14.  According to 10x Research analysts, a scenario similar to 2022 may occur this year.

Markus Thielen, founder of 10x, said, “Chiliz (CHZ) token rose more than 100% from the summer of 2022 until the day before the World Cup started on November 20, 2022, and then lost 60% of its value. A scenario similar to this may happen again. "The UEFA European Football Championship, which is a smaller version of the World Cup in 2022, will take place between 14 June and 14 July with the participation of 24 countries," he said.