As the FIFA World Cup Qatar 2022 draws closer, the value of fan token cryptos associated with national football teams rises. The FIFA World Cup is set to begin on November 21st, with 32 national teams competing in 64 matches to determine the winner.

The Argentine Football Association Fan Token (ARG), AC Milan Fan Token (ACM), Portugal National Team Fan Token (POR), Manchester City Fan Token (CITY), and Santos FC Fan Token (SANTOS) have increased by over 24%, 2%, 24%, 3.4%, and 3.2%, respectively, over the last seven days.

All of these tokens, however, are down from the previous 24 hours, whereas the Brazil National Football Team Fan Token (BFT) is up 0.6% today.

Fan Token Cryptos – Everything You Should Know

Since the Socios.com app received regulatory permission in Italy in Q3 2022, fan tokens, which give holders particular privileges as supporters of football teams or other forms of sports teams, have been on trend and have been surging. By purchasing fan tokens, sports fans may show their support for their teams and have a say in how those teams spend their money. With the introduction of a fan token, the Brazilian and Spanish national football teams have taken another step into the realm of Web3 technology.

Long-term, these tokens also provide excellent investment potential.

Reasons for the hype surrounding Fan Tokens

Availability of Capital: The latest frenzy is being driven by the availability of extra capital and the desire to invest. The upcoming World Cup and the associated hype have prompted such investors to enter the meme token industry, causing fan token prices to rise.

Meet and Greet the Teams: Another factor driving the popularity of fan tokens is the associated benefits for token holders. Through these tokens, fans not only gain access to exclusive events but can also interact with their teams, which was previously impossible. In this way, fan tokens offer their holders a one-of-a-kind opportunity to meet and greet their favorite team’s players. This is the primary attraction of the Fan tokens.

Profit off the Winning Teams: Fan tokens are being considered as an alternative to online betting. It is because tokens representing national teams with a high chance of winning the FIFA World Cup are more likely to appreciate in value than tokens representing competitive teams. As a result, these tokens are gaining popularity among online investors looking to profit after the finals.

3 Coins to Buy

Although most Fan tokens are on a bullish run ahead of the FIFA World Cup, let’s focus on the top performers today.

Portugal National Team Fan Token (POR)

The current price of Portugal National Team Fan Token is $4.69, with a 24-hour trading volume of $6 million. In the last 24 hours, the Portugal National Team Fan Token has increased by over 8%, and over 22% in the last seven days. CoinMarketCap now ranks #654, with a live market cap of $14 million. It has a total circulation supply of 3,180,799 POR coins.

POR Price Chart – Source: Tradingview

On the technical front, the POR/USDT is trading with a strong bullish bias after rebounding from the $3.33 support level. It has broken through the $4.20 resistance level, which is now acting as support. The bullish trend appears to be strengthening further to the upside, and it may lead POR to the $5.50 level.

Argentine Football Association Fan Token (ARG)

The Argentine Football Association Fan Token (ARG) is one of the best-performing fan tokens, with a weekly gain of over 8% at $6.27 per token. With a 24-hour trading volume of $4 million, CoinMarketCap ranks it at #543. There are 3,746,912 ARG coins in circulation, with a maximum supply of 20,000,000 ARG coins. The Fan tokens represent a new asset class for investors looking for good short-term returns.

ARG Price Chart – Source: Tradingview

After rebounding from the $4.15 support level, the ARG/USDT is trading with a strong bullish bias. It has broken through the resistance level of $5.40, which is now acting as support. The bullish trend appears to be strengthening to the upside, and ARG could reach $6.80 or $7.60.

Universidad de Chile Fan Token (UCH)

The current price of Universidad de Chile Fan Token is $0.92, with a 24-hour trading volume of $110K. In the last 24 hours, the Universidad de Chile Fan Token has increased by more than 2.5%, and over 20% in the last seven days. CoinMarketCap currently ranks #1467, with a live market cap of $887,589.

There are 955,149 UCH coins in circulation, with a maximum supply of 5,000,000 UCH coins.

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