As fan tokens surge double-digits ahead of the World Cup, here’s what you should know about them
On the eve of the World Cup, this time held in Qatar and therefore taking place from November to December, several cryptocurrencies associated with national teams got a boost in their quotes.
According to CoinMarketCap, for the last seven days, the prices of the tokens of the national teams of Argentina and Portugal experienced the greatest rise, not least, of course, due to the presence of two superstars of soccer in recent decades, Lionel Messi and Cristiano Ronaldo. So, ARG’s price increased by 38.7% over the last week, while POR’s price increased by 32.2%.
An additional trigger for these tokens could be the fact that they were issued by Chilliz and promoted by Binance at the same time. In addition, the Argentina national team has Exchange as a primary sponsor.
Who else is affected by World Cup hype?
Smaller, but still double-digit, growth was shown by the quotations of the Spanish national team token, SNFT, which rose by 16.5% over the period under review. Then there are the cryptocurrencies of the two South American national teams, Peru and Brazil. Despite the star-studded line-up of the latter, with Neymar at the helm, BFT quotations are up just 5%, while FPFT is up more than 8.2% in the last seven days.
Furthermore, the price of the Chiliz token, CHZ, has already increased by 27.5% in recent days. Whether the positive trend in the price of the token associated with the sporting event will continue, will be known closer to November 20.
