DailyCoin
Published Dec 02, 2022 11:30AM ET
Updated Dec 02, 2022 01:00PM ET
Soccer Fan Tokens Drown as Group Stage of FIFA World Cup Nears Culmination
As the final match day of the group stage in Qatar is ready to kick off this Friday afternoon, the most popular national soccer team fan tokens are still on a strong bearish trend. To illustrate, Spain’s surprise loss to Japan yesterday didn’t stop them from advancing to the playoffs. However, Spain National Football Team Fan Token (SNFT) took a beating, as it’s down by 25.7% since the final whistle.
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In Spain without the S...h2 Brazil & Portugal Face Deficit on Match Day/h2— CoinGecko (@coingecko) December 2, 2022
As soccer fans are waiting for the evening competition between Brazil and Cameroon, the guaranteed playoff spot for Brazil doesn’t reflect the Brazilian national team’s token price. At press time, Brazil National Football Team Fan Token (BFT) is priced at $0.189748, according to CoinGecko. Marking an eye-watering 20.7% deficit over the last 24 hours, Brazil’s national crypto is sobbing with 64.4% in the red since last week.
On the other hand, Portugal is getting ready to take on South Korea and, like Brazil, has also guaranteed themselves a playoff spot. However, Portugal National Team Fan Token (POR) is already down by 6.1% in the last 24 hours. To add, the Portuguese team’s crypto is suffering a 33% weekly shortfall and is a whopping 48% in the red since the start of the World Cup. At press time, POR trades at $2.94, according to CoinGecko.
1. Portugal’s fan token, $POR is lacklustre despite Portugal’s 2-0 win against Uruguay. It is down from a seven-day high of $5.13 to $3.33 as of writing, down 35%.Source: @coingecko #FIFAWorldCup pic.twitter.com/Beu1lAUMHWh2 On the Flipside/h2— The Chainsaw (@chainsawdotcom) November 30, 2022
According to a recent survey by KuCoin, 70% of crypto enthusiasts are following the FIFA World Cup. Besides, half of them are investing in soccer-related tokens.
Find the latest soccer-related crypto news:
Chiliz (CHZ) Presents Chiliz Chain 2.0 Despite Soccer Fan Token Slump
Binance Launches Football Fever NFT On The Eve Of FIFA World Cup 2022
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Written By: DailyCoin
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