Chiliz (CHZ) price has stayed above the $0.10 level despite intense bearish pressure over the past month. With new fans trooping into the Chiliz arena, will CHZ price make one last bounce before the soccer season ends? 

Chiliz (CHZ) is the flagship blockchain ecosystem for sports and entertainment. Over the past few months, CHZ price has been in a downward spiral as the network struggled to attract new users. 

On-chain data shows that the Chiliz network has attracted a flurry of new network participants in the last few days. The new demand has helped the bulls hold the $1. Is it a fluke or the beginning of a real price resurgence? 

Chiliz Network Growth is on the Rise Again

This week, the Chiliz network has managed to attract a flurry of fresh network participants after persistently losing traction for nearly a month. 

Specifically, the chart below shows how Chiliz Network Growth surged from 75 new addresses on May 20 to 117 new wallet addresses created on May 30. 

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Author: Ibrahim Ajibade

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