Why You Should Start Paying Attention To Football Fan Tokens
October 14 2022 - 7:00PM
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Fan tokens are becoming increasingly popular among cryptocurrency
investors. They are an offshoot of the meme coin trend that saw
various cryptocurrencies rally positively and now, these fan tokens
have begun a trend of their own. The year 2022 is almost at its end
but there are still good reasons why these fan tokens are a good
thing to keep an eye on. Why Football Fan Tokens? Football fan
tokens have taken the crypto market by storm over the past year.
Coins like the Manchester City Fan Token and the Santos FC Fan
Token have performed tremendously well, exceeding all expectations.
But even though they have already grown so much, there may be more
upside for these fan tokens. Related Reading: Why Crypto Market
Sentiment May Present A Unique Buying Opportunity One of the major
reasons behind the renewed interest in fan tokens is the upcoming
FIFA World Cup. This is argued by some to be the biggest sports
competition in the world where the official football clubs of
different countries compete for the title. A large portion of the
world’s population also tunes in for the competition. The FIFA
World Cup 2018 held in Russia saw a total of 3.5 billion viewers
around the world, and this year’s edition of the competition held
in Qatar is expected to draw in an estimated 5 billion viewers. The
sheer number of people tuning in to support their favorite clubs is
a bull case for the digital assets. A good number of them are
expected to see a massive upside when the World Cup begins in
November. CITY trading at $5.7 | Source: CITYUSD on
TradingView.com Already Seeing Upside The football fan tokens are
already seeing some upside ahead of the start of the FIFA World
Cup. Over the last 24 hours, the searches for the cryptocurrencies
have been on the rise, resulting in them appearing at the top of
the trending list on Coinmarketcap. Related Reading: Shiba Inu Adds
Another Zero, Is It Time To Jump Ship? The Coinmarketcap ranks
digital assets according to the number of searches on the platform
and the Manchester City Fan Token (CITY) emerged as the most
searched token for the last day. This put it at the top of the
list. Another fan token, the Santos FC Fan Token (SANTOS) also
appeared in 9th place on the top 10 most searched cryptocurrencies
on the platform for the last 24 hours. These fan tokens are also
not doing bad price-wise. In the last day, some of the tokens have
even seen double-digit gains. SANTOS is up 8.20% and CITY is up
9.08%. The FC Porto Fan Token is up more Ethan 17% in the last 24
hours, and so is the Portugal National Team Fan token.
Featured image from MARCA, chart from TradingView.com Follow Best
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