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Football Fan Token Price Plummets a Week into FIFA World Cup 2022

As the FIFA World Cup 2022 in Qatar completes its first week, all the football fan tokens are going through a huge slump. The newly built, air-conditioned stadiums in...
Football Fan Token Price Plummets a Week into FIFA World Cup 2022 Football Fan Token Price Plummets a Week into FIFA World Cup 2022
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As the FIFA World Cup 2022 in Qatar completes its first week, all the football fan tokens are going through a huge slump. The newly built, air-conditioned stadiums in Doha are hosting approximately half a million football fans and crypto has a significant role to play in this year’s edition of the top-notch soccer tournament.

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National Team Football Fan Tokens in Whopping Deficit

Furthermore, the national teams participating in the tournament have to face the music of the crypto winter, as most of the national team-related football fan tokens nosedived in double digits over the last 24 hours.

For instance, Spain’s impressive 7:0 win over Costa Rica didn’t help the squad’s native crypto token, as the Spain National Football Team Fan Token (SNFT) is down by 23.8% in the last 24 hours. At press time, Spain’s official football token is priced at just $0.223111, according to CoinGecko.

On top of that, the Portugal National Team Fan Token (POR) dropped by 18.5% right after the national team managed to come through with a dramatic 3:2 victory against Ghana.

Finally, yesterday’s last game between Brazil and Serbia produced one of the most beautiful goals in football history, as well as a solid 2:0 win for the Brazilians. However, the Brazil National Football Team Fan Token (BFT) is priced at $0.499279, having dipped by a massive 26.3% in a single day.

Binance is Building a Web3 Football Experience

The crypto giant Binance presented the Binance Football Fever a week prior to the World Cup’s kick-off. Ever since the tournament started, the daily challenges enabled football and crypto fans to earn free NFTs and share a piece of the cash prize pool. Besides, Binance recently joined forces with TopGoal NFT to build a football metaverse experience dedicated to the World Cup 2022.

On the Flipside

  • According to Kaspersky Research, there will be a significant increase in crypto scams related to football fan tokens during the FIFA World Cup ’22.

Why You Should Care

According to a recent survey by popular crypto exchange KuCoin, 70% of crypto investors are actively watching the FIFA World Cup, while another half of them tend to invest in football fan tokens.

Find out more about the solid partnership between football and crypto:

Binance Holds Football Fiesta (NASDAQ:FRGI) Ahead of World Cup, Brings Games, Rewards, and More

Cristiano Ronaldo and Binance Partner for CR7 NFT Drop

See original on DailyCoin

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10-12-2022 05:36:40 (UTC+7)

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    GBP/USD 1.2260 ↑ Sell  
    USD/JPY 136.57 ↑ Buy  
    AUD/USD 0.6796 Neutral  
    USD/CAD 1.3652 Neutral  
    EUR/JPY 143.87 ↑ Sell  
    EUR/CHF 0.9844 Neutral  
    Gold 1,809.40 Neutral  
    Silver 23.680 ↑ Buy  
    Copper 3.8565 ↑ Buy  
    Crude Oil WTI 71.59 Neutral  
    Brent Oil 76.78 Neutral  
    Natural Gas 6.307 ↑ Sell  
    US Coffee C 157.73 ↑ Sell  
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    FTSE 100 7,476.63 Buy  
    Hang Seng 19,900.87 ↑ Buy  
    Small Cap 2000 1,800.80 ↑ Buy  
    IBEX 35 8,289.20 ↑ Buy  
    BASF 47.720 Neutral  
    Bayer 52.88 ↑ Buy  
    Allianz 204.70 ↑ Buy  
    Adidas 118.90 ↑ Buy  
    Lufthansa 7.717 Neutral  
    Siemens AG 133.44 Buy  
    Deutsche Bank AG 10.140 ↑ Buy  
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