Only Messi Can Save Argentina Fan Token?

FIFA World Cup 2022 News: Contrary to general perception, the crypto fan tokens related to national football teams are not at all rewarding for investors this FIFA World Cup. This is evident from the fact that popular football tokens – Portugal and Argentina – have hardly converted match results into profitable price for the respective tokens. In this context, even the euphoria around the Quarter Finals failed to raise interest among traders in the Argentina Fan Token (ARG). A day before the World Cup’s most important contest Argentina Vs Netherlands so far, the Messi team’s fan token traded in low volumes.

Also Read: FIFA World Cup 2022: Football Fan Tokens At A Discounted price; Buy Now?

Will Messi Performance Change Fortunes For Argentina Fan Token?

Since the start of the World Cup, the Argentine Football Association Fan Token (ARG) has only dropped constantly from a peak it reached on November 18, when the tournament opener was played. It was only before the World Cup began that the popular fan tokens saw a massive price rise. Experts are blaming it on less than par results from the top teams so far. However, historical data suggests that this has been the case all the time for cryptocurrencies whenever the tournament was underway.

Despite the Lionel Messi factor, the Argentina team fan token is displaying less than expected interest in terms of trading. In the last 24 hours, ARG trading volume fell by a significant 23.36%. The ARG token price also dropped in the lead up to the match. As of writing, ARG price stands at $2.59, down 2.27% in the last 24 hours, according to price tracking platform CoinMarketCap.

Also Read: FIFA World Cup 2022: Top Football Fan Tokens To Buy In December

Meanwhile, the Portugal National Team Fan Token (POR) is also down by about 2.61% in the last 24 hours. On Saturday, Portugal with clash with Morocco in the second quarter final match.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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