On December 14, France’s national football team qualified for the finals of the 2022 FIFA World Cup.
The French team faced Marroco for the tournament’s semi-finals. In a closely disputed match, France beat the Moroccans two goals to zero.
During the game, France started off strong, with left-back Theo Hernandéz scoring a goal only 5 minutes into the match. However, the Moroccan underdogs did not make it easy for their opponents.
The first-ever African nation to reach a World Cup semifinals, Morocco remained competitive throughout the game, and on several occasions, was close to scoring an equalizer.
However, with only 10 minutes left on the clock, the Moroccans eventually succumbed to France’s counter-plays. At 79 minutes, Randal Kolo Muani scored the second goal, cementing France’s ticket to the finals.
Now France, the sitting World Cup champion, will be reaching the finals for a second consecutive time. Mbappe’s squad will face Messi’s Argentina in one of the most anticipated finals in the World Cup’s History.
PSG Fan Token Surges 33% After France’s Victory
FIFA’s World Cup is the most-watched sports event in the world. Every four years, billions of people from all around the world are tuning in to watch football’s greatest stage. And that huge outreach is now influencing the cryptocurrency space as well.
Right after the game, Paris Saint Germain’s PSG token gained nearly 30% of its value in the span of a couple of hours.
Despite not being the official French token, Paris Saint Germain has a strong connection with the national squad. The club is today France’s most successful and richest team. Also, “Les Parisiens” is the home to the French superstar Kylian Mbappe.
PSG Fan Token was trading at around $5,21 two hours before the game. After France’s inaugural goal, the token already began a steady up-climb. After the match, PSG reached a high of $6,94, gaining 33% of value in a single day, according to CoinGecko.
World Cup Caused Fan Tokens To “Battle” Against Each Other
An interesting aspect of the World Cup has been the “battle” between fan tokens in the tournament.
These tokens, which normally are seen as community tokens where fans can support their favorite teams, ended up becoming a measure of “success” for each team during the World Cup.
Regarded as one of the favorites for winning the tournament, Brazil’s early elimination caused the Brazilian Fan Token to drop by over 50%.
Meanwhile, Argentinians who invested in the nation’s fan token can celebrate more than just the finals qualification. Argentina’s official fan token went up by nearly 40% after the country’s qualification.
The biggest fan token loser in the world cup is Spain. The Spaniards were eliminated by Morocco in the first knockout round of the tournament, which caused the Spanish Fan Token to plummet by nearly 95%.