The market value of Argentina's fan token, ARG, almost doubled as they advanced to the Copa America finals. 🚀 The price of the token increased by more than 65% in the last 24 hours, making it the second largest football token on the market. According to CoinGecko data, the price of the ARG token increased by 98.8% last week, reaching $2.34, the highest level since May 30. 📈
This increase in value has made ARG the most heavily traded fan token on the market. Daily trading volume increased by 578.50%, reaching 23.8 million dollars. This figure is more than four times that of the Paris Saint-Germain fan token, which is the largest football token in terms of market value.
However, it is still below the record of $32.4 million reached ahead of the 2022 Qatar World Cup, which Argentina also won. This tournament allowed the token to reach its all-time high of $9.1.
Meanwhile, the Spain National Football Team fan token (SNFT) also saw a 10% increase in value after Spain beat France in the European Championship. On Tuesday, Spain's 2-1 win caused the price of SNFT to rise from $0.023 to $0.026.
The ARG token was issued in 2021 by the Argentine Football Federation through Socios.com, a fan activity platform powered by the Chiliz blockchain. Chiliz.net serves as the primary trading platform for sports and entertainment tokens and has partnered with Chiliz ($CHZ) and Socios.com.
ARG token holders gain access to a variety of exclusive team activities, experiences and VIP services. These include the opportunity to meet the team's players and access to the Estadio Monumental, a historic football stadium in Buenos Aires, Argentina.