The World’s most-watched sports event has one team confirmed in the finals, and as a result, the Argentinean Fan Token grew exponentially in value during Argentina’s match against Croatia.
Argentina beat Croatia three goals to zero. Messi scored the first one by a penalty kick, and the forward Julian Alvarez scored the following two goals, with one of them already regarded as one of the most memorable goals of the tournament.
During the game, Lionel Messi reminded everyone why he is regarded as the best player of our generation. The Argentinean superstar participated in all goals, scoring the first one, and landing 2 assists in the game.
Argentineans all around the world are ecstatic about reaching a second World Cup final for the second time in two editions. Messi’s squad will be facing the winner of France vs Marrocos, scheduled for Wednesday, December 14th.
Argentinean Fan Token Up 38%
The community that invested in the official Argentinan Fan Token also has a lot of reasons to celebrate with the South American team reaching the finals.
As soon as Alvarez scored the second goal, $ARG surged, gaining 38% in value.
During the game, investors became extremely optimistic about Argentina’s chances of reaching the final. The token went from $4,00 to $5,51 just minutes after the second goal. At this time of writing, the token is retracting to about $4,90, according to CoinMarketCap.
A surge in Demand For Fan Tokens
These “Fan Tokens” are becoming extremely popular among soccer fans. Aside from the Argentinean fan token – all around the world, traditional clubs like Paris Saint-German, Real Madrid, Boca Juniors, and Santos already developed these fan-focused cryptocurrencies for its fans.
The primary intention of this token is financial investments perse. Instead, fan tokens are a way to give membership advantages to soccer fans who are looking to support teams.
The holders are frequently eligible for membership benefits such as access to unique material, rewards, events, and the ability to vote on club decisions.
However, those looking to start investing in fan tokens only looking to gain money are entering an extremely risky market. Fan tokens are known for being volatile and not following major cryptocurrency movements like bitcoin.
For instance, this week another major world cup competitor saw its token plunge by over 90%. After its elimination to Marrocos, the Spanish fan token completely plunged, going from over $0,50 to less than five cents in the span of 24 hours.