These Fan Tokens Outperform Crypto Markets at FIFA World Cup
FIFA World Cup: The FIFA World Cup is fast approaching. This has caused a huge rise in the cost of fan tokens for soccer clubs.
Fan tokens, cryptocurrencies, allow users to access a variety of benefits related to fan membership, including voting rights, rewards and merchandise designs, tickets, and other unique experiences. They can be used by sports clubs, music fan clubs, or other groups to coordinate and democratize experiences. Fan tokens are completely interchangeable, unlike NFTs.
Fan tokens are helping to revive the dark sentiments in crypto markets. Let’s take a look at the most popular fan tokens.
Argentine Football Association Fan Token (ARG)
ARG is Argentina’s official fan token and has a large following. The Chiliz platform has allowed the token to grow to be one of the most popular fan tokens with a market capitalization of $31 million. The token has benefited from the rivalry between Messi and Ronaldo, as each side strives to be better.
CoinMarketCap reports that ARG’s price has risen from $6.2 to $8.3 over the past 7 days.
Portugal National Team Fan Token
In recent weeks, the price of the fan token for the Portugal National Football Team (POR), also developed on Chiliz, has risen dramatically. The passion of football fans around the world has been ignited by Cristiano Ronaldo, Portugal’s national and international football hero. POR has a market capitalization already of $24 million.
According to CoinMarketCap, the price of POR has risen from $4.2 to $6.1 over the past seven days.
Spain National Football Team Fan Token
The Spanish national team is known for its fierceness on the field. The Spain National Fan Token has also followed the example. The Bitci platform has seen the token grow rapidly and it is now trading at $0.51 The market capitalization for the fan token is currently $12 million. This makes it a low-cap treasure that could become a star in the 2022 World Cup.
According to CoinMarketCap data, SNFT rose from $0.3 to $0.5 within 7 days.
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