The 2024 European Championship, hosted by Germany, will kick off on June 14 (Friday) and the final will be held on July 14 (Sunday).

The European Cup is definitely a relatively important event for sports fan coins.

Crypto investors may not know much about the European Cup. In short, it is a football match between European countries. At present, most of the fan coins in the cryptocurrency circle are tokens of well-known football clubs. This may greatly reduce the impact of the European Cup on fan coins.

In any case, as one of the more important crypto narratives at the moment, the European Cup is likely to cause fan tokens to soar or plummet.

In addition, the America's Cup will also kick off in the United States from June 20 to July 14 this year.

The 22nd FIFA World Cup will be held in Qatar from November 20 to December 18, 2020.

How did fan tokens perform at that time?

Let’s first look at CHZ, which is the leader of fan tokens and a public chain for sports projects. The project attempts to introduce the sports and entertainment industries to web3 and help them build fan tokens, NFTs, and other products.

As can be seen in the figure, CHZ experienced four increases before the competition began, and the price hit the high point of this round the day before the competition began. After the competition began, the price fell almost all the way, and there was no increase in any single day.

Judging from the trend of CHZ during the World Cup, the scientific truth that "all good news turns into bad news" has been verified.

How are other fan tokens performing? Although there are ups and downs, without exception, after the World Cup, whether it is CHZ or other football fan tokens, they have entered a long-term decline.

The European Cup and America's Cup have begun. Will it be different this time?

Let’s first take a look at the current price trend of CHZ.

This time, CHZ also started to rise in advance, reaching the high point of this round of rise on May 30, and then fell back.

Judging from the current trend, CHZ does not have an independent market trend, and its price basically follows the market.

From the data, CHZ has a market value of $1.04 billion, ranking 88th, which means it is large and heavy. But CHZ tokens are currently fully circulated.

Regarding CHZ’s current data performance, I used the AI ​​product Scopechat, which gave a neutral score of 48 points.

In addition, it also gives some information, such as other L1 narrative projects have grown by 6.7% in the past 7 days, while CHZ has grown by -18.47%, which indicates that the recent price performance is weak. The current CHZ token price is between the middle and lower tracks in the Bollinger Bands of the technical indicator, indicating that the recent performance is relatively weak. The middle track may serve as a resistance level, while the lower track may be a short-term target. The RSI also shows that the indicator of 74 is neutral, with no obvious overbought or oversold signals.

Personally, I feel that the exposure and attention of fan tokens and the European Cup and the America's Cup on social media is not strong at present. This may be related to the overall weakness of fan tokens. However, history tells us that as long as there is a three-day continuous increase, the entire track will become popular.

In addition to CHZ, what other fan tokens are there? We have sorted them out as follows:

The following three coins are jokingly called the Binance Three Musketeers

LAZIO, the fan token of Lazio, has a market value of $18.25 million, ranks 927th, and can be traded on Binance. It is currently falling, and there is no doubt about it.

SANTOS, the Santos fan token, has a market cap of $25.1 million, ranks 823, and can be traded on Binance. The coin is also in a continuous decline.

PORTO, the fan token of Porto, has a market value of $17.92 million and ranks 937th in market value. It can be traded on Binance. It has also been falling recently.

The following are the Fan Tokens that can be traded on Binance

BAR, the fan token of FC Barcelona, ​​has a market value of $23.82 million, ranks 831, and can be traded on Binance. The coin has been falling recently and almost hit its historical low.

PSG, the fan token of Paris Saint-Germain Football Club, has a market value of $25.08 million, ranks 824th, and can be traded on Binance. The coin has also been falling and is close to its historical low.

CITY, Manchester City fan token, market value of $20.38 million, market value ranking 891, can be traded on Binance. It keeps falling. The coin can also be traded on OKX, perhaps because OKX is its brand sponsor...

JUV, Juventus fan token, market value $14.93 million, market value ranking 997, available for trading on Binance. Continued decline.

ATM, Atletico Madrid fan token, market value of US$13.7 million, market value ranking 1031, can be traded on Binance, continues to fall.

ASR, the Roman fan token, has a market value of $5.36 million, ranks 1370th in market value, and can be traded on Binance. It continues to fall.

The following are jokingly called the OKX Three Musketeers

ARG, the fan token of the Argentine Football Association, has a market value of $5.65 million and ranks 1741st in market value. It can be traded on OKX. It has risen 3 times in this bull market and has been falling recently. This is a rare non-club fan token. It can be speculated that during the America's Cup, the price of this coin will rise and fall sharply with the performance of the Argentine national team.

POR, the fan token of the Portuguese national team, has a market value of $9.42 million and can be traded on OKX. The coin has increased by more than 10 times this year and is currently in a downward correction. As a fan token of the national team, the coin will also fluctuate with the performance of the Portuguese team during the European Cup.

MENGO, the fan token of Flamengo, a football club based in Brazil, has a market value of $14.47 million and can be traded on OKX. It has been falling in recent years…

There are also some fan tokens on OKX

TRA, a fan token of a Turkish professional football club, has a market value of $8.41 million and has fallen sharply. GALFT, a fan token of a Turkish Istanbul club, has a market value of $17.57 million. I don’t know why there are two such niche fan tokens on OKX…

Summarize:

1. CHZ has the greatest influence on the masses and is the undisputed leader.

2. National team fan tokens are more suitable for hype during the European Cup and the America's Cup, namely Argentina ARG and Portugal POR.