Argentina Fan Token Skyrockets 70% After World Cup Final Spot
The fan token for Argentina’s national football team (ARG) has surged by 70% following Lionel Messi and his teammates securing a spot in the FIFA World Cup final.
Argentina Fan Token Jumps 70% After World Cup Final Qualification
Argentina's national team clinched its place in the FIFA World Cup final with a convincing 3-0 victory over Croatia on December 14. As a result of this achievement, the price of the ARG fan token has skyrocketed by 70%.
ARG is the official fan token of the Argentine Football Association, issued in collaboration with Socios. Holders of ARG tokens have voting rights on decisions made by the organization. Depending on the number of tokens held, fans may also receive priority access to signed merchandise and even meet the players.
As these tokens are purchased by fans, their value is directly influenced by the team’s performance in matches. Following Argentina's two goals against Croatia, the price of ARG reacted sharply, climbing from approximately $3.25 to $5.50, and is currently trading around $5.
Price Fluctuations of ARG in the Past 7 Days
Data from CoinMarketCap as of 2:10 PM, December 15, 2022
At that time, the market capitalization of ARG was about $18.5 million, while the 24-hour trading volume surged to $17.7 million, marking a 60.45% increase. This indicates that fans have been predominantly buying in since yesterday.
Fans are hopeful that ARG will see even more price increases if Argentina wins the FIFA World Cup 2022. The token had previously experienced a significant drop following Argentina's loss to Saudi Arabia in their opening match.
In Other News:
The fan token for Portugal’s national team (POR), led by Cristiano Ronaldo, has experienced a significant decline. From an ATH of $7.24 last month, the price of POR has gradually fallen to a low of $1.60.
Price Fluctuations of POR in the Past 7 Days
Data from CoinMarketCap as of 2:10 PM, December 15, 2022
Similarly, the fan tokens for Spain (SNFT) and Brazil (BFT) have also plummeted by 30-50% following their elimination from the tournament.
Price Fluctuations of SNFT in the Past 7 Days
Data from CoinMarketCap as of 2:10 PM, December 15, 2022
Price Fluctuations of BFT in the Past 7 Days
Data from CoinMarketCap as of 2:10 PM, December 15, 2022
