Crypto Academy Week 6 - Homework Post for [@besticofinder]
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Many thanks to Professor @besticofinder for his great effort in the community and to the Steemit team for creating and promoting the Steemit Crypto Academy initiative, Blockchain is a never ending world and these tasks have allowed us to acquire new knowledge.
Following the guidelines of task #6, I want to tell you my personal experience with investments in different cryptocurrencies and which is the best cryptocurrency to invest in 2021.
First I want to answer some questions that people often ask themselves.
Is it worth investing in cryptocurrencies?
Revolutionary and innovative projects, diverse opportunities to earn money in the Blockchain network, fast transactions with low commissions and without lack of intermediaries, technology that cannot be manipulated, counterfeited or changed, each user has full control of their assets, in short, cryptocurrencies are the future of the economy, knowing this, I ask you, are you going to miss it?
If I have not convinced you yet, I will leave this image for you to see for yourself, the progress of cryptocurrencies in recent months.
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These are just 3 charts as there are thousands of cryptocurrencies and tokens. Surely you recognize at a glance the Bitcoin (BTC), the SBD, but do you know what is CHZ? If you don't know, in this post you will learn what it is and you will also know the reason why this seems to me the best cryptocurrency to invest in 2021.
¿What's Chilliz CHZ?
Chilliz is the main currency of the Socios.com platform dedicated to esports, it is a token that emerged from the Ethereum network. If you want to read more in depth about Chilliz I recommend you to take a look at its Whitepaper, however, I will explain briefly what the Chilliz consists of.
This cryptocurrency emerged with the intention of being able to reward sports fans by giving them the opportunity to meet star players, get signed balls and jerseys, also so they can make important decisions within the clubs, such as choosing the new sports kit, the designs of the buses where the teams move, improvements/changes in the stadiums, in simple words, CHZ is a fan token, and has added various tokens of specific teams such as Juventus, PSG, Milan, AS Roma.
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Chilliz has a strategic cooperation with some of the most recognized teams in soccer such as Barcelona and Atletico Madrid, various artists and athletes in different areas and disciplines, governments such as the government of Malta, Asian sports, and more and more are being incorporated with various associations, such as the NFL and UFC.
Chilliz is ranked 35th in the Cryptocurrency Ranking and continues to climb positions.
Is CHZ worth investing in?
Incredibly this digital currency had a spectacular uptrend, in one month it presented an increase of more than 1,000%, many were lucky as they bought CHZ before the bullish explosion, however, it is not too late to get involved in the project.
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The price hovered between 0.01 and 0.05 for a while, then some important news was announced such as new investors, partnerships with important companies and the launch of CHZ on different exchanges, from there it started to increase in price and reached almost a dollar. It's crazy!
The project is relatively new and the token was launched at the beginning of July 2019, every day important and promising news is coming out, a lot of investors and fans have their eyes on Chilliz this 2021 (including me).
I already told you a little bit about the BOOM that Chilliz made a couple of days ago, now I will tell you several reasons why investing in CHZ is still a good option.
The project complies with EU regulations.
The team behind Chilliz is highly reputable, which gives confidence to large investors.
Financial statements are always published so that investors have a free decision whether or not to invest in CHZ.
The project sheet is quite ambitious, both for this year and for the coming years, they plan to partner with the NBA, Major League Baseball, and American Football, in addition to setting up offices in New York.
It is on several recognized and trusted exchanges such as: Binance, Huobi Global, OKEX, Upbit.
At the time of this publication the CHZ is around 0.57$, as expected, after a brutal rise come the corrections. It has a total of 8,888,888,888,888 Maximum Shares and there are 5,547,664,720 in circulation, although it seems a high amount of tokens, the developer team is in charge of burning tokens every so often to increase the demand.
My personal experience.
My first investment was CHZ, I currently have 91.97 Chilliz, I bought when CHZ was worth $0.02 and with the explosion my funds almost quadrupled. I use Binance exchange and I bought from Tether (USDT), I keep reading news and I am keeping an eye on the market as I am confident that Chilliz will rise again in the near future, maybe in days, weeks or months, anyway, this project is just starting.
How to buy CHZ?
I will give you a simple tutorial on how to buy Chilliz CHZ from my personal experience, I use the exchange from Binance, you must create an account on Binance or your trusted exchange. You can buy CHZ from your credit card or you can simply exchange it for other cryptocurrencies you own, if your cryptocurrencies do not have a market with CHZ, you must exchange your coins for cryptocurrencies that do have a market with CHZ, (example: Bitcoin or USDT).
However, I recommend that you do further research on the project from other sources before investing, you should also have at least a basic knowledge of cryptocurrencies and the Blockchain network and remember that Chilliz is in a volatile market.
Hello @imagen,
Thank you for submitting homework task 6 ! I think you have missed the instructions.
Anyway you have done a very good analysis on Chilliz project with lot of information and also sharing your experience . nice work [5]
Thank you