According to CoinMarketCap, the Argentina Football Association’s ARG is the most significant soccer fan token by trading volume.
The market value of Argentina’s fan token, ARG, more than doubled when the country’s soccer team, the defending champions, advanced to the Copa America finals on Tuesday.
Since the Argentina Football Association’s 2-0 victory over Canada, the price of its cryptocurrency has increased 107% to $2.32. This is the highest price the cryptocurrency has seen since May 30, rising more than 70% in only the last day. The market value of this soccer fan token has increased to $27.85 million, making it the second most valuable among them. However, it still falls short of the record $32.4 million set in the run-up to the 2022 World Cup in Qatar, which it also won.
Additionally, the ARG token is the one that is traded the most. Its 24-hour volume is $23.57 million as of the publication, over four times greater than the value of the most significant soccer token by market value, the Paris Saint-Germain supporter token.
A whopping 88% of the volume over the last 24 hours comprised the ARG-Turkish lira (ARG/TRY) pair quoted on the controlled exchange Paribu. The ARG-chiliz tokens (ARG/CHZ) posted on Chiliz.net made up only 0.17% of the total activity worldwide.
The trading site for all sports and entertainment tokens, in partnership with Chiliz ($CHZ) and Socios.com, is chiliz.net. To release the ARG token in 2021, the Argentine Football Association partnered with Socios.com, a fan-engagement platform driven by the Chiliz blockchain.
The Estadio Monumental, a football stadium in Buenos Aires, Argentina, with a rich history, and meeting the team’s players are just two of the exclusive team experiences and events that token holders can earn admission to. Fan tokens represent the meeting point of sports and blockchain technology, enabling market players to estimate and value the financial and economic effects of big-time athletic events.
