Ahead of the FIFA World Cup, Sports Fan tokens have received immense popularity.
The FIFA World Cup 2022 started in November 2022 in Qatar, bringing in a rather pleasant surprise for the crypto community. Sports Fan tokens have rallied upwards ahead of the tournament, putting aside all negative sentiments floating around with the crypto markets. Fan tokens had been created to empower fans to a greater role in their favored team’s ecosystem, create avenues of revenue, etc. The decision proved fruitful as fan tokens surged to their highest in 2022, benefiting all stakeholders.
The Spain, Brazil, and Portugal national teams’ tokens have rallied the highest, moving up over 100%. The CHZ token of the fan token maker Socios.com has also witnessed over 11% gains in the last day. All the recent trends have made the total market capitalization of the fan tokens reach $399 million.
A relevant recent report claims ’$POR and $ARG, as fan tokens for national teams, will be the cherries on top during the World Cup.’ The report further notes that the prices of the tokens would be linked to the results of the tournament, with big players also having a role in influencing the prices.