The correlation between the CHZ coin and the World Cup cycle is quite interesting. The World Cup, which occurs every four years, is coming up soon, and my strategy is to wait for a pullback to build a position. I still haven't fully grasped the market trends, and no one can say for sure whether it will get dumped directly.
I looked through the data, and the price that CHZ reached during the 2022 World Cup final in November indeed provided a good reference point. Based on that level, if it touches again around the finals in June next year, there is at least a sixfold potential from the current price. But there is a prerequisite here – you must clear your position in advance in April to May before the finals, don't wait until the event's popularity cools down.
The key is when to exit. The characteristic of sports event concept coins is that they are obviously event-driven, and after the climax, they are prone to a pullback. So, when the opportunity for adjustment comes, accumulate at lower prices, and then wait for the event's popularity to heat up before starting, which will make cost control and returns look better.
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The correlation between the CHZ coin and the World Cup cycle is quite interesting. The World Cup, which occurs every four years, is coming up soon, and my strategy is to wait for a pullback to build a position. I still haven't fully grasped the market trends, and no one can say for sure whether it will get dumped directly.
I looked through the data, and the price that CHZ reached during the 2022 World Cup final in November indeed provided a good reference point. Based on that level, if it touches again around the finals in June next year, there is at least a sixfold potential from the current price. But there is a prerequisite here – you must clear your position in advance in April to May before the finals, don't wait until the event's popularity cools down.
The key is when to exit. The characteristic of sports event concept coins is that they are obviously event-driven, and after the climax, they are prone to a pullback. So, when the opportunity for adjustment comes, accumulate at lower prices, and then wait for the event's popularity to heat up before starting, which will make cost control and returns look better.