Before FIFA World Cup, Sports Fan Tokens Are Rallying

We have seen gloomy days in the cryptocurrency community after FTX’s lapse. But there is still good news, especially for soccer fans ahead of the FIFA World Cup 2022, starting Sunday. 

The token is presented by Chiliz blockchain (CHZ), which also powers the token creator platform Socios.com. Socios is used to create sports fan tokens, and it has surged 11% in the past few hours. 

You can see the fan tokens for the Portuguese (POR) and Argentinian (ARG) soccer teams will be the icing on the cake. This is also the mentality of the research team of the crypto exchange Huobi. POR’s value has increased up to 15% (during the last 24 hours) and by 50% in the previous week. For ARG, it is 10% and 28% respectively. 

These tokens will help owners to represent the community, in this case, the sport’s team fan base. You can use these tokens to support soccer teams, in exchange for benefits, such as game tickets, and exclusive BTS (behind the scenes) insights. These tokens are performing well in the market in the current scenario. As per the insights of CMI (CoinDesk Market Index), the weighted basket of 168 cryptocurrencies is rallying in the past 24 hours and the week by almost 2%. 

However, the hype might come down after the event is over.