Football fans all over the world are marking their calendars with the dates of the FIFA World Cup 2022 in Qatar, which will be the biggest sporting event of the year. Chiliz (CHZ), a cryptocurrency based on soccer, had a strong bullish week this week. It climbed back above a key resistance line, and there was a lot more trading than usual.
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The price of Chilis is getting close to the level of resistance that marked the previous local top.
As the FIFA World Cup approaches, investors are showing up more and more each day.
The BitMart exchange will soon have fan tokens from different countries. CHZ picture from Twitter: vp8ORDP5IQ
— TopResearchDone (@topresarchdone) November 4, 2022
Three tokens for successful football fans
Also, some of the national football teams that are taking part in the highly anticipated event have their own football fan tokens, such as:
- Spain National Football Team Fan Token (SNFT): weekly gains of 12.3%
- Portugal National Team Fan Token (POR): Gains of 29.4% this week
- The Argentine Football Association Fan Token (ARG) went up by 34.1% last week.
All of these are backed by Socios, the platform for football fan tokens that is run by Chiliz (CHZ). But 32 countries are going all out for the title in Doha this year, so the value of the football tokens for the national teams depends a lot on how well they play on the field and how much support they get from their fans.
The FIFA World Cup is coming up quickly, so fans should start making good moves.
List of national teams FAN TOKEN
Peru $FPFT Spain $SNFT Brazil $BFT Portugal $POR Argentina $ARG Chiliz CHZ and BTC have things you can buy. $BITCIA Also, Algo is a sponsor of the FIFA World Cup—Xcoded.eth (,) (@Xcoded11) November 2, 2022
Chiliz (CHZ) Gets Better After an Injury Caused by Terra (LUNA)
At press time, Chiliz (CHZ), the #44 cryptocurrency by total market capitalization, was trading at $0.255582 on CoinGecko. This shows a 6.6% daily uptrend and a nice 25% gain since last week.
Also, the total market capitalization is now $1.33 billion, which is the highest it has been in a month for the football fan cryptocurrency. On the other hand, Chiliz’s (CHZ) market cap was still below $1 billion on October 24, 2022, before it went back up to the levels it had been at in April, before the Terra (LUNA) scandal.
On the other hand, rival cryptocurrency Algorand (ALGO), which is focused on football and is the official blockchain of the FIFA World Cup 2022, is also growing.
Algorand (ALGO) has gone up in value by 25.4% in the last week, or 8.8% every day. It is now worth $0.411934.
Why Should You Care?
In two weeks, the FIFA World Cup ’22 will start. As football fans from all over the world head to Doha, Qatar, to cheer on their national teams, football-themed tokens are getting more attention.
Visa (NYSE:V) and Crypto.com are launching NFTs for soccer fans before the 2022 FIFA World Cup.
A soccer star is now the brand ambassador for the game MonkeyLeague, which is based on Solana.