PREPARING FOR EURO FOOTBALL SEASON AND REMEMBERING JUNE-JULY 2021 IS THE EXPLOSION OF COIN FAN TOKEN, PREPARING FOR EURO 2024 THEN THE OPPORTUNITY OF 😍😍
Impact of sporting events on Fan Tokens
To talk about the influence between sporting events and Fan Tokens, we have to go back to the 2022 World Cup event when the Argentina team won one of the most prestigious titles on the planet.
However, before reaching glory, Messi and his teammates had to go through countless difficulties, the most notable of which was a disastrous stumble against Saudi Arabia with a final result of 2-1 in favor of the country. thousand and one nights. Almost immediately, the ARG token plummeted by more than 30% from $7.50 to $4.96 before recovering to $5.36.
According to the flow of events, when the Argentina team reached the World Cup finals after a 3-0 victory over Croatia, the ARG token increased by 70%. Specifically, the price increase of ARG closely followed the developments of the match. After the first 2 goals of Argentina, the ARG token increased to 5.5 USD from 3.25 USD.
Equivalent to this growth rate, ARG's market capitalization at that time was about 18.5 million USD but the 24-hour trading volume increased sharply by more than 60% (17.7 million USD). This proves the fans' expectations for Argentina's victory on the journey to conquer the 2022 World Cup.
