Despite World Cup victory, Argentina’s fan token (ARF) has reacted downward. $ARG price has plummeted to $2.76, evaporating 62.5% of its value from the peak of $7.2 on Dec 17. Fan token prices are directly impacted by the performance of sports clubs as fan tokens are purchased by fans. $ARG once peaked at nearly $8.8 on November 19, 4 days before Argentina had its first match at the World Cup 2022.
Similarly, after the shocking loss to Saudi Arabia, $ARG plunged 30%. But then, $ARG rose sharply by 70% after the victory over Croatia, the match that helped Argentina become the first candidate to reach the World Cup finals.
ARG is the official fan token of the Argentine Football Association. ARG token fan holders will have the right to vote on decisions made by this organization. They also have some privileges such as being a VIP of the Antonio Vespucio Liberti stadium, having priority to buy items with players’ signatures or meeting favorite players.
The clubs that create fan tokens are usually famous football teams such as Manchester City, AC Milan, Barcelona, etc. The majority of fan tokens are powered by Socios on the Chiliz blockchain and the Binance Fan Token Platform. In the past, Socios has been involved in a controversy with the world’s largest cryptocurrency exchange Binance over the issuance of Argentina’s fan token. Despite this, Binance still became one of the main sponsors of the Argentine Football Federation.
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