According to Odaily, the European Football Championship of 2024, which commenced on June 15, was expected to boost the performance of cryptocurrency tokens related to football. However, the reality has been quite the opposite. The Block's sports token index, which tracks the performance of fan tokens of renowned European football teams, has been one of the worst-performing asset baskets in the market this week. Since the start of the championship on June 15, this index has significantly declined. As of the time of reporting, the cumulative market value of these tokens has dropped by approximately 12.8%. During the same period, the price of Bitcoin has decreased by 3%, while the price of Ethereum has increased by approximately 1%.
