The FIFA World Cup, arguably the most iconic sporting event on the planet, kicked off in Qatar on Sunday and crypto enthusiasts may welcome the distraction from the ongoing misery by the ongoing FTX turmoil.
The fan tokens of several national teams and sports-related firms already witnessed incredible growth in the build-up to the tournament, reflecting the influence of football fans during such events.
Fan tokens are cryptocurrencies that allow users to have access to a range of fan-related membership benefits, such as voting rights, rewards, merchandise designs, tickets, and unique experiences. Sports clubs, music fan clubs, and other groups can use them to democratise and coordinate experiences, among other things.
In the last seven days, the prices of national and club fan tokens have risen between 20-50%. This is due to the hype and buzz behind the FIFA World Cup which comes once in four years.
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The prices of more sports-related tokens are expected to rise as the FIFA World Cup 2022 gets fully started. In view of this, we have come up with a list of sports tokens to pay attention to during the 2022 FIFA World Cup.
Argentine Football Association Fan Token($ARG)
$ARG is the official fan token for Argentina’s football team, and it has a strong following behind it. Built on the Chiliz platform, the token has evolved to become one of the biggest fan tokens, with a market cap of over $27 million.
Los Albiceleste won the FIFA World Cup on two occasions and lost in extra time to Germany in 2014. Lionel Messi is arguably one of the greatest players in history and he is the captain of Argentina. According to him, this will be his final outing at the FIFA World Cup. Hearing his statement, fans from all over the world poured into their fan tokens showing immense support, and hoping for a great victory at the tournament.
Since celebrity player Lionel Messi plays for this side, the token is also expected to profit from Messi and Ronaldo’s rivalry, driving it higher as each member of the iconic duo strives to outdo the other.
Portugal National Team Fan Token ($POR)
$POR is another fan token to keep an eye on during the FIFA World Cup 2022. The price of the token, which is also developed on the Chiliz platform, has grown dramatically in recent weeks. Cristiano Ronaldo, the national hero of Portugal, has sparked enthusiasm from football fans all around the world.
Massive spike, huge trading volume and a strong position, $POR already has a market capitalisation of $19 million. This is the eighth time Portugal would feature in the Fifa World Cup with their best result of obtaining 3rd place back in 1966.
This year’s edition is expected to be Cristiano Ronaldo’s last and his leadership is being projected to guide them towards the trophy. The team’s continued success in the World Cup should lead $POR to a rally toward or above $7.
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Spain National Football Team Fan Token($SNFT)
The Spanish national team is well-known for its ferocity on the field and $SNFT has followed suit. Built on the Bitci platform, the token has seen rapid growth. $SNFT’s outperformance of other fan crypto tokens may reflect the Spanish football team’s higher odds of winning the World Cup in 2022.
$SNFT shows potential to continue its rally during the World Cup and its price should reflect how the Spain National Football team performs. For instance, back-to-back wins for Spain may stretch $SNFT’s price valuation above $0.7.
Currently trading at $0.3. The fan token presently has a market capitalisation of $9 million, making it a low-cap treasure and a potential star of the 2022 World Cup.
This content is for informational purposes only and should not be construed as investment, tax or legal advice. It is strongly recommended that every recipient seek appropriate independent professional advice before acting on any information contained herein, as Technext provides no endorsement, opinion or advice, including investment, tax or legal, and makes no representation or warranty about the suitability of a product for a particular reader or circumstance.
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