ARG Token Soars as Argentina Reaches Copa America Finals

The Argentina Football Association’s fan token, ARG, has emerged as the leading soccer fan token by trading volume, according to CoinMarketCap. Following Argentina’s progression to the finals of the Copa America on Tuesday, the market value of the ARG token more than doubled. CoinMarketCap data shows that since Argentina’s 2-0 victory over Canada, the price of the ARG token surged by 107% to $2.32, marking its highest level since May 30, with a remarkable 70% increase in the past 24 hours alone. The market capitalization of ARG has soared to $27.85 million, making it the second-highest among soccer fan tokens. However, it still trails behind the peak value of $32.4 million achieved before the 2022 Qatar World Cup, which Argentina also won.

The ARG token is currently the most actively traded soccer fan token, with a 24-hour trading volume of $23.57 million, which is nearly four times the trading volume of the Paris Saint-Germain fan token, the largest by market value. The ARG-Turkish lira (ARG/TRY) pair on the centralized exchange Paribu accounted for 88% of the past 24-hour trading volume, while the ARG-chiliz token (ARG/CHZ) pair on Chiliz.net represented just 0.17% of the global activity.

Chiliz.net serves as the trading platform for various sports and entertainment tokens partnered with Chiliz ($CHZ) and Socios.com. The Argentina Football Association partnered with Socios.com, a fan-engagement platform powered by the Chiliz blockchain, to launch the ARG token in 2021. Holders of the ARG token can gain access to exclusive team activities, experiences, and VIP services, including meeting players and visiting the Estadio Monumental, a historically significant football stadium in Buenos Aires, Argentina.

Fan tokens like ARG represent the intersection of blockchain technology and sports, providing a means for market participants to evaluate and respond to the financial and economic impacts of significant sporting events. These tokens offer fans a unique way to engage with their favorite teams and participate in exclusive experiences, enhancing their overall connection to the sport.

👉Join our Trading Community and Earn Airdrops! 👈

Finally, if you learned something, hit that UP ARROW ⬆️ and SHARE. 🔁

You found this content helpful ?

  1. 1
    Join our free weekly "Bubble Bulletin" for more
  2. 2
    Join us on Discord for live chat and daily updates
  3. 3
    Follow us on Twitter
  4. 4
    Share this content using the buttons below :

Disclaimer

This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

You should expect no financial returns one way or another based on statements contained herein. These points hold equally for any statements that could be attributed to The Art of The Bubble or any related business entities or personnel operating in association with Robin Technologies and Analytics LLC.

If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. You are also encouraged to do your own due diligence before investing in anything.

RELATED POSTS:

July 9, 2024

November 18, 2024

December 9, 2024

July 1, 2024

October 10, 2024

January 23, 2022

October 3, 2024

April 29, 2024

January 27, 2025

LATEST POSTS:

February 5, 2025

February 4, 2025

February 3, 2025

January 30, 2025

January 29, 2025

January 28, 2025

January 27, 2025

January 23, 2025

January 21, 2025

What do do now?

Join the free 1.2 Labs "Bubble Trading" Bulletin for new trading strategies, macro & sentiment analysis and occasional free airdrops