As they started as favorites, Argentina lost their first match against Saudi Arabia at the World Cup. As a result, after the match, the value of the Argentina National Team Supporter Token decreases by -29%. On the other hand, in 24 hours, the trading volume of the NFT collection ” The Saudis » climbs 2100%.
Argentina are surprised by the Saudi team
The Argentine national team lost Tuesday morning against the tenacious Saudi team. Still, the Albiceleste looked invincible in their last 36 games. After the loss, the blue and white team’s fan token immediately dropped by around 25%.
At the same time, the NFT The Saudis are enjoying their best days. It is now the most popular gem in the non-fungible token (NFT) market. Indeed, the trading volume of the NFT collection “The Saudis” shows an increase of 2100% in 24 hours. Likewise, the income of the collection are at their all time high, with 96 items sold, an increase of 586%.
Argentine Fan Token Falls Since Team’s Loss
Argentinian and Portuguese token fans had the best performances last week. According to BeInCrypto’s “Tops and Flops Cryptocurrencies of the Week” section, they were the best looking out there. In fact, the data shows a 37% increase in the value of the Argentina Football Association Fan Token (ARG) cryptocurrency.
Unfortunately, following their loss to Saudi Arabia, the ARG token drops almost 29% in just 12 hours, from $7.50 to $5.21. As of the morning of November 23, the Argentinian fan token is now at -42.17%. A performance that remains below its peak of $9.19 on November 18, 2022.
Finally, it should be noted that the Portuguese National Team (POR) fan token did not sink. Moreover, it was up 6.4% on November 23. However, the Brazilian national team token follows the same path as ARG. Its price is currently down 25.8%.
In sum, the ARG fan token can bounce back well before the end of the competition. On the other hand, for the moment, it is the Saudi NFT which leads the field.
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