10x Research: Chiliz (CHZ) may surge due to the start of the European Cup on June 14

2024-05-29 16:43:20

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ChainCatcher news, 10x Research posted on the X platform: "On June 14, the Chiliz (CHZ) token may experience a rebound.

We have seen this situation repeatedly: events are the best catalysts for trading cryptocurrencies, as prices often rebound in anticipation. The key is to exit when the event arrives and not get attached to the storyline. However, the price increase phase before the event often presents opportunities to make profits. This may apply to this situation again.

The launch of CME Bitcoin futures in December 2017 triggered a massive price surge but marked the peak of that bull market. Similar peaks occurred with the Coinbase listing in April 2021 or the launch of the futures-based Bitcoin ETF in October 2021. A recent example is the launch of the Bitcoin spot ETF in January 2024, which led to a rebound in Bitcoin prices beforehand, but then a subsequent drop of 15%.

The European Championship is set to kick off on June 14. While it may not be as significant for the entire cryptocurrency market as the launch of Bitcoin products, it could impact the Chiliz (CHZ) token. With less than three weeks to go, now might be the time to gain exposure. Chiliz (CHZ) is about to rise…"

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