Fifa World Cup Qatar 2022 will remain special to many as they saw their favorite footballer, Lionel Mesi, lifting the cup. Following Argentina’s win over France, Argentina Football Association (ARG) fan token saw over 25% increase in its price from $4.01 to $5.02 before declining by more than 17% currently. The asset was changing hands at $2.91 at the publication time.
Messi’s NFT Collection Peaked After WC Win
FanMarketCap, a fan token data aggregator site, shows that the 24 hour volume reached $40 Million. Messi’s win made another record on social media. According to Fox Sports, his Instagram picture of lifting the trophy became the most liked post by an athlete. Currently, the post has 57.5 Million likes at the time of writing.
The Wall Street Journal says that this win has ended the Ronaldo debate. Portugal was eliminated a week before Argentina following the defeat by Morocco in quarterfinals. This was the last world cup for two of the greatest footballers the community has ever witnessed. The debate over who will win a WC is around even before the inception of Bitcoin.
An Al Jazeera article pointed out that Argentina’s win became a matter of racism. Instead of focusing on what the football world just witnessed, western media is talking more about “emir of Qatar draped Lionel Messi with a bisht”. It also read that, this sheds light on scarce diversity that marks the majority of Western newsrooms.
Player’s NFT collection dubbed “Lionel Messi: The King Piece” saw an explosion in volume too, peaking 29.3 ETH in a day. The collectible’s sales have surpassed over 40 ETH in the last 4 days according to OpenSea. Currently, there’s no fan token associated with any national team except for ARG in the top 10 category.
Data shows that LAZIO currently remains the biggest fan token by market capitalization followed by PSG and SANTOS. Paris Saint-Germain has the highest market value with $5.33 as of this writing. The market has seen a large decline in their price with the majority of assets losing over 15% in a week. Entire sector had a market cap of $244.6 Million currently.
According to the CoinMarketCap data, NFT space currently had a market cap of $11.8 Billion with the majority of associated tokens losing their value in a week. ApeCoin, native token of the Bored Ape ecosystem, was down by over 12% in a week. Metaverse tokens were experiencing a similar scenario with the total market cap down by 0.79% in the past 24 hours. Bitcoin, the flagship crypto asset, was down by 3.54% in the last 7 days while Ethereum fell by over 5%.
Source: https://www.thecoinrepublic.com/2022/12/20/arg-fan-token-feels-argentine-world-cup-roar/