Fan tokens have gone through high volatility throughout the 2022 FIFA World Cup. The Tokens witnessed a major price jump of more than 45%
- The FIFA World Cup 2022 final was played on November 18 in Qatar.
- Spain National Football Team Fan Tokens (SNFT) gained more than 30% since the final of the match.
- Brazil National Team Fan Token gained more than 15% today amid an overall tepid market mood.
Under the leadership of Lionel Messi, Argentina won the 2022 FIFA world cup for the third time. They won the title after beating Franc in Qatar on Sunday. As soon as Messi took up the title, the Argentine Football Association (ARG) fan token spiked briefly from $4.01 to a high of $5.02. However, since then the price lost nearly 45%. As of writing, ARG/USD is exchanging hands at $2.25, down 20% for the day.
ARG’s 24-hour trading volume declined 4% to $8,185,263, as per the token tracking site Coinmarketcap.
The runner-up France does not own a country fan token.
What are Fan Tokens?
A fan token is a digital coin created on a blockchain that permits its owner access to the fan-related activities that sports organizations grant to their fans through the app Socios.com.
Football, the world’s most-watched game has several of the world’s biggest clubs likes as Barcelona, Atletico Madrid, Manchester City, Paris Saint-Germain, Juventus, Inter Arsenal, AS Roma, and Corinthians that have launched Fan Tokens through Socios.com. The tokens are not available and not permitted to trade on the public Ethereum platform.
Argentine Football Association Fan Token (ARG)
The Token was listed on May 12, 2022, with a quoted price of $0.424316, and in the past six months, the price has appreciated by more than 1100%.
Brazil National Team Fan Token (BFT)
As of reporting, the price of the Brazil National Football Team Fan Token (BFT) is trading at $0.0743 with gains of more than 17%. Its market value is $19.6 million.
Spain National Football team Fan Tokens (SNFT)
SNFT is exchanging hands at $0.0468, up 5.45% over the previous 24 hours. By the end of 2023, the price of the Spain National Football Team Fan Token is expected to reach $0.4141, according to the Token’s historical data as per CoinDataFlow.
