Chiliz Launches Scoville NFT Collection, Gains 2% in 24 Hours

• Chiliz is launching a Scoville NFT collection in less than 48 hours from press time.
• The NFTs will come in 7 different rarities, and their launch follows the successful completion of the Spicy Testnet phase.
• CoinMarketCap showed that the CHZ value increased by 2.08% in the last 24 hours, but it is unlikely for the token to continue the uptick in the short term.

Chiliz, the blockchain-based project, is making waves with its upcoming launch of the Scoville NFT collection in less than 48 hours. The NFTs will come in 7 different rarities, and their launch follows the successful completion of the Spicy Testnet phase. This is a part of the project’s plan to move to the Chiliz Chain 2.0, and will offer users enterprise-level blockchain solutions.

To offer a remedy, Chiliz recently partnered with Chainlink [LINK] in 2020 to foster NFT minting via its network. The digital collectibles will be available for trading in a few days, and the Chiliz team has promised that it will be an exciting event.

CoinMarketCap showed that the CHZ value increased by 2.08% in the last 24 hours, but it is unlikely for the token to continue the uptick in the short term. This is due to the indications from the Exponential Moving Average (EMA). At press time, the 50 EMA (orange) was seen sloping downwards, indicating a bearish trend. This is further validated by the Relative Strength Index (RSI), which is currently hovering close to the oversold region.

The Chiliz team is also encouraging users to participate in the Scoville NFT collection launch as it will be an exciting event. It is expected to bring more utility to the Chiliz Chain 2.0, and will help the project scale and expand its reach. Furthermore, it is an opportunity for users to show their support for the project and to take advantage of the digital collectibles.

All in all, the upcoming Scoville NFT collection is an exciting event that will offer users enterprise-level blockchain solutions. The Chiliz team is confident that the launch will be successful and that it will bring more utility to the Chiliz Chain 2.0. It is expected to be an exciting event, and it is an opportunity for users to show their support for the project and to take advantage of the digital collectibles.