While cryptos have been in the red overall this week, football fan tokens have shined. The World Cup which has just ended in Qatar played a major role in this state of affairs. The ARG, the token of Argentina, now world champion, scored a remarkable performance.
ARG arouses great interest
Over the past week, the Argentine Football Association (ARG) token has seen extraordinary growth. On average, it marked a growth of more than 140%. A breakthrough spurred by the country’s qualification for the World Cup final and the hope of winning the tournament. From Friday to Saturday, the token climbed to $7.46, before falling back to $6 on Sunday. Most importantly, its trading volume is over $14 million. A rather unusual number for national team fan tokens.
According to analysts, the value ARG is expected to cross the $10 mark over the next few days. This, thanks to the coronation of Argentina in the final of the competition, against France. The excitement that this victory generates among the fans should also contribute to the rise of the ARG.
In crypto markets where prices were generally in the red, this breakthrough is good news. It is part of the boom the value of supporter tokens since the start of the tournament. Despite the absence of club competitions, the tokens of Valencia, Napoli, PSG and Arsenal recorded strong performances. Growth attributed to transfer rumours. But none of this performance comes close to that of the ARG.
However, not all fan tokens performed as well as Argentina’s. Portugal and Brazil tokens lost more than 40% of their values during the week.
DigiFinex, Paribu, OKX and Huobi Global are the main platforms on which one can trade ARG. The token also trades on ChilizX and MEXC.
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