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        <title>Chiliz (CRYPTO:CHZ) Share Price News | The Motley Fool Australia</title>
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                                <title>The Bitcoin price is down today but these 2 cryptos just rocketed 17%</title>
                <link>https://www.fool.com.au/2022/08/23/the-bitcoin-price-is-down-today-but-these-2-cryptos-just-rocketed-17/</link>
                                <pubDate>Tue, 23 Aug 2022 05:46:26 +0000</pubDate>
                <dc:creator><![CDATA[Bernd Struben]]></dc:creator>
                		<category><![CDATA[Cryptocurrencies]]></category>

                <guid isPermaLink="false">https://www.fool.com.au/?p=1436049</guid>
                                    <description><![CDATA[<p>While cryptos have broadly come under pressure amid rising interest rates, investors are still seeing some big daily moves higher.</p>
<p>The post <a href="https://www.fool.com.au/2022/08/23/the-bitcoin-price-is-down-today-but-these-2-cryptos-just-rocketed-17/">The Bitcoin price is down today but these 2 cryptos just rocketed 17%</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[<p>The <strong>Bitcoin</strong> (<a class="tickerized-link" href="https://www.fool.com.au/tickers/crypto-btc/">CRYPTO: BTC</a>) price is down 1% over the past 24 hours.</p>
<p>The world's first <a href="https://www.fool.com.au/definitions/cryptocurrency/">crypto</a> is currently trading for US$21,291 (AU$30,886).</p>
<p>That puts the <a href="https://www.fool.com.au/definitions/bitcoin/">Bitcoin</a> price down 11% since this time last week and down 55% year-to-date.</p>
<p>But not every crypto is in the red today.</p>
<p>In fact, these two lesser-known altcoins just popped 16% and 18% higher.</p>
<p>First up&#8230;</p>
<h2><strong>Riding high on fan tokens</strong></h2>
<p>The <strong>Chiliz</strong> (<a class="tickerized-link" href="https://www.fool.com.au/tickers/crypto-chz/">CRYPTO: CHZ</a>) price is up 18% over the past 24 hours, currently trading for 22.4 US cents.</p>
<p>Not only do those gains leave the Bitcoin price moves in the dust today, but Chiliz is also up 8% over the past week and 'only' down 24% year-to-date.</p>
<p>The token was launched in 2019. Like most cryptos it reached all-time highs in 2021, topping out at 89.1 US cents on 13 March last year. A bit of maths tells us that puts Chiliz down 75% from its highs, a bit steeper than the 69% retrace in the Bitcoin price from its 10 November 2021 all-time highs.</p>
<p>So what is Chiliz?</p>
<p>CoinMarketCap explains:</p>
<blockquote><p>Chiliz is the leading digital currency <a href="https://coinmarketcap.com/currencies/chiliz/" target="_blank" rel="noopener">for sports and entertainment</a>. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favourite sports brands&#8230; For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.</p></blockquote>
<p>At the current price, Chiliz has a <a href="https://www.fool.com.au/definitions/market-capitalisation/">market cap</a> of US$1.35 billion, making it the 41st biggest in virtual circulation.</p>
<p>Which brings us to&#8230;</p>
<h2><strong>Also smashing the Bitcoin price gains today</strong></h2>
<p>The second altcoin rocketing higher today is <strong>EOS</strong> (<a class="tickerized-link" href="https://www.fool.com.au/tickers/crypto-eos/">CRYPTO: EOS</a>).</p>
<p>EOS has gained 16% since this time yesterday, currently trading for US$1.78. The crypto is up 40% over the past seven days and down 43% so far in 2022, beating the Bitcoin price on all those metrics.</p>
<p>The EOS blockchain was launched in 2018. Although prices charged higher in 2021 alongside the wider crypto market rally, EOS hit all-time highs of US$22.89 on 29 April 2018. Despite the past week's strong performance, it's still down 92% from those highs.</p>
<p>If you're unfamiliar with EOS, CoinMarketCap tells us:</p>
<blockquote><p>The EOS Network is an <a href="https://coinmarketcap.com/currencies/eos/" target="_blank" rel="noopener">open-source blockchain platform</a> that prioritises high performance, flexibility, security, and developer experience&#8230; EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators.</p></blockquote>
<p>At the current price, EOS has a market cap of US$1.8 billion, placing it at number 33 on the list of top 100 cryptos.</p>
<p>As for the number one crypto?</p>
<p>At the current Bitcoin price, it has a market cap of US$407.2 billion.</p>
<p>The post <a href="https://www.fool.com.au/2022/08/23/the-bitcoin-price-is-down-today-but-these-2-cryptos-just-rocketed-17/">The Bitcoin price is down today but these 2 cryptos just rocketed 17%</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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