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Soccer Fan Tokens Skyrocket before FIFA 2022 World Cup

Soccer-club fan tokens are increasing in value as well, not simply nation tokens. In the last seven days, fan tokens like LAZIO, PORTO, SANTOS, ALPINE, and others have increased by around 30–60%.


19 Nov 2022 By : COIN GABBAR
Soccer Fan Tokens Sk

The price of tokens based on national teams has increased dramatically as the FIFA World Cup 2022 draws nearer.

Due to the continuous FTX turbulence, the impending soccer "vacation" seems to have alleviated the ongoing suffering in the crypto market. Just two days before the FIFA World Cup 2022, which will be held this winter in Qatar, the soccer fan tokens of various national teams are exhibiting very dramatic price movement.

Leading The Charge Is Nation Fan Tokens

Prices for ARG (Argentina) and POR (Portugal) have increased by 31% and 43% over the past seven days, respectively, with the majority of this growth occurring in the last day alone. The explanation is rather straightforward: These national teams have soccer greats Lionel Messi and Cristiano Ronaldo.

Other countries' tokens, like those of Brazil, Germany, France, and Italy, are also seeing high price movement and are anticipated to continue rising as the FIFA World Cup 2022 draws nearer.

Club Fan Tokens Will Follow Soon

Soccer-club fan tokens are increasing in value as well, not simply nation tokens. In the last seven days, fan tokens like LAZIO, PORTO, SANTOS, ALPINE, and others have increased by around 30–60%.

The majority of soccer-related tokens are issued on Chiliz, which is also seeing strong price movement for its CHZ token. It entered the top 100 most lucrative cryptocurrencies in the months preceding the World Cup.

FIFA World Cup 2022: NFT Craze

As CoinGabbar had previously reported, Visa had announced the introduction of a series of "unique digital collectibles" containing legendary goals from five legendary football players. The Visa Masters of Movement NFTs are now available on the cryptocurrency trading platform that FIFA's official sponsor sponsors.

In addition to the token in their Crypto.com wallet, the successful bidders for each NFT will also receive an autographed item of memorabilia from the renowned athletes who are featured.

Additionally, Visa announced that all proceeds from the auction will go to the U.K.-based organisation "Street Child United."

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