Advertisement
AD

Main navigation

Advertisement

Soccer Tokens' Prices "Explode" 2 Days Prior to FIFA World Cup

Advertisement
Fri, 18/11/2022 - 14:33
Soccer Tokens' Prices "Explode" 2 Days Prior to FIFA World Cup
Cover image via unsplash.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Despite the extremely negative backdrop on the crypto market, the approaching soccer "holiday" still manages to cheer up even something so depressing. Two days before the World Cup, to be held this winter in Qatar, the tokens of a number of national teams are showing extremely confident price action.

Advertisement

Related

First of all, we should note the tokens of Argentina (ARG) and Portugal (POR). In the last seven days, their prices rose by 31% and 43%, respectively, with most of this growth coming in the last 24 hours. Investors' thoughts in choosing these tokens for their bets is clear, with Lionel Messi and Cristiano Ronaldo playing for these national teams.

Soccer to USDT

What is surprising is that, along with national team tokens, football club fan tokens are also rising significantly in value. A handy tool for analysis here would be a kind of ETF for football club tokens from Binance, FOOTBALLUSDT. While this tool lost 23% in value upon the FTX-driven crash of the crypto market, by the current moment, a week later, it has not only gained back but has outperformed its fall by 12%.

Advertisement
Article image
Source: TradingView

We would be remiss not to mention Chiliz, the issuing platform for most of the soccer-oriented tokens. The price action of the CHZ native token in the run-up to the World Cup makes the token one of the most profitable among the top 100 cryptocurrencies by market cap, according to CoinMarketCap.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD