ARG Fan Token Skyrockets 100% After Argentina’s Victory in Copa America Semifinals
The fan token of the Argentine Football Association, ARG, experienced a significant surge in price following Argentina’s 2-0 victory over Canada in the Copa America semifinals.
Key Points:
- ARG, the fan token of the Argentine Football Association, rose 100% in price after Argentina’s win.
- Argentina’s national team defeated Canada 2-0 in the Copa America semifinals, securing a spot in the final.
- The Argentine national team will face Colombia in the final on Sunday.
Copa America Update
Argentina’s national team secured a 2-0 victory over Canada in the Copa America semifinals, thanks to goals from Julián Álvarez and Lionel Messi. This win positioned Argentina as the first finalist of the Copa América, with a fourth Copa América final appearance in their last five participations.
ARG Fan Token Price Surge
The cryptocurrency of the Argentine Football Association (AFA), ARG, shot up in price by more than 100% following the match. The token’s price began to rise during the game and continued to rise in the following days, reaching a maximum height of USD $2.3 on Thursday. At the time of writing, ARG is changing hands around USD $2.14 with a gain of 94% on the week.
Background
The Argentine Football Association (AFA) launched its own fan token in partnership with Chiliz in 2021, and later renewed its agreement in 2022, extending until 2026. Currently, the ARG token has a market capitalization of USD $25.6 million, with a price peak of USD $8.6 reached in November 2022.
Fan Tokens
Fan tokens are a type of cryptocurrency that allows fans of a sports team or brand to participate more actively in their community. These tokens are created and managed by the team or brand, and can be bought and sold on cryptocurrency exchanges.
Copa America Final
Argentina and Colombia will face each other on July 14 for the final of the 2024 Copa América.
Disclaimer
This article is for informational purposes only. The publication of this article does not constitute a solicitation or recommendation to invest in any specific cryptocurrency or asset. The article does not take into account the reader’s personal financial situation, risk tolerance, or investment goals.
