Chiliz’s Native Token Rallies 10%, Leaves Bitcoin, Ethereum In The Dust: What’s Going On With CHZ?

Layer-1 token Chiliz (CRYPTO: CHZ) rallied sharply on Tuesday, becoming one of the cryptocurrency market’s biggest gainers.

CHZ Leaves BTC And ETH Behind

CHZ rose more than 10% to become the third most successful token in the last 24 hours.

The cryptocurrency overshadowed market heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which gained only 1.21% and 0.58%, respectively.

The spot price rally ignited the derivatives market as open interest in CHZ futures lifted over 8% in the last …

Full story available on Benzinga.com