As the final match day of the group stage in Qatar is ready to kick off this Friday afternoon, the most popular national soccer team fan tokens are still on a strong bearish trend. To illustrate, Spainโs surprise loss to Japan yesterday didnโt stop them from advancing to the playoffs. However, Spain National Football Team Fan Token (SNFT) took a beating, as itโs down by 25.7% since the final whistle.
In Spain without the S... ๐ฅบ
— CoinGecko (@coingecko) December 2, 2022
Brazil & Portugal Face Deficit on Match Day
As soccer fans are waiting for the evening competition between Brazil and Cameroon, the guaranteed playoff spot for Brazil doesnโt reflect the Brazilian national teamโs token price. At press time, Brazil National Football Team Fan Token (BFT) is priced at $0.189748, according to CoinGecko. Marking an eye-watering 20.7% deficit over the last 24 hours, Brazilโs national crypto is sobbing with 64.4% in the red since last week.
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On the other hand, Portugal is getting ready to take on South Korea and, like Brazil, has also guaranteed themselves a playoff spot. However, Portugal National Team Fan Token (POR) is already down by 6.1% in the last 24 hours. To add, the Portuguese teamโs crypto is suffering a 33% weekly shortfall and is a whopping 48% in the red since the start of the World Cup. At press time, POR trades at $2.94, according to CoinGecko.
1. Portugalโs fan token, $POR is lacklustre despite Portugalโs 2-0 win against Uruguay. It is down from a seven-day high of $5.13 to $3.33 as of writing, down 35%.
— The Chainsaw (@chainsawdotcom) November 30, 2022
Source: @coingecko ๐ฆ#FIFAWorldCup pic.twitter.com/Beu1lAUMHW
On the Flipside
- In spite of the strong bearish trend in soccer fan tokens, more crypto platforms are listing soccer-related crypto.
- For instance, Poloniex, one of the oldest crypto exchanges, announced the addition of Spain, Brazil, and Peru national team tokens starting 5th December.
Why You Should Care
According to a recent survey by KuCoin, 70% of crypto enthusiasts are following the FIFA World Cup. Besides, half of them are investing in soccer-related tokens.
Find the latest soccer-related crypto news:
Chiliz (CHZ) Presents Chiliz Chain 2.0 Despite Soccer Fan Token Slump
Binance Launches Football Fever NFT On The Eve Of FIFA World Cup 2022
