ARG Fan Token Skyrockets as Argentina Enters Copa America Finals

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ARG Fan Token Skyrockets as Argentina Enters Copa America Finals

Argentina has secured their place in the finals of the Copa America soccer tournament, leading to a significant increase in the market value of the team’s fan token ARG. According to CoinMarketCap, the price of the Argentina Football Association’s cryptocurrency has surged by 66.03%, reaching $2.33 in the past 24 hours. This marks the token’s highest level since May 30, when the digital asset was trading at $2.44.

The market capitalization of the ARG token has skyrocketed to $27.83 million, making it the second-highest-valued soccer fan token, after the Paris Saint-Germain Fan Token (PSG). It is important to note that ARG is trailing behind its peak of $32.4 million witnessed during the leadup to the 2022 Qatar World Cup, which Argentina won.

The Argentine Football Association partnered with Socios.com, a fan-engagement platform powered by the Chiliz blockchain, to issue the ARG token in 2021. Chiliz.net serves as the trading platform for sports and entertainment tokens. As reported earlier, in order to increase the adoption of fan tokens, Chiliz also recently Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License.

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ARG Fan Token Skyrockets as Argentina Enters Copa America Finals