Football fans around the world, FIFA is starting in less than a month! I am sure you are all equipped with the best jerseys and chants to show your support. FIFA and crypto lovers are also gearing up to support their favorite teams in more ways than one – Fan Tokens! Fan tokens are digital assets that allow their owners access to a variety of services and facilities supplied by sports organizations.
The Usage of Fan Tokens
These fan tokens are utility tokens created by your favorite sports organization. You can find these tokens on crypto exchanges such as MEXC just like many other cryptocurrencies. Usually, the organization will set a price for the token and their price will fluctuate depending on the market or interesting events. For example, if Manchester City won the Premier League, their token value will probably spike up as well!
If you are a fan token holder, you are in luck! Token holders are given a lot of benefits such as voting rights, exclusive merchandise or even VIP access to certain events. Usually, you can vote for various items such as Tour Bus designs, merchandise designs or game venues. They might also provide you with signed jerseys for your token support.
The Top 5 National Fan Token for 2022
With FIFA World Cup 2022 approaching soon, the fan token crypto market is steadily witnessing more activities. Many are here to check out the price, invest in their favorite teams and show immense support. So which 5 teams are the best performing fan token that the public market had their eyes on?
5. Peruvian National Football Team Fan Token (FPFT)
According to our research, the Peruvian National Football Team Fan Token (FPFT) is coming in at fifth place. Although their hopes to enter the World Cup was halted by Australia, their fan token remained strong. FPFT is currently hovering around $0.08500. They have a 24 hours trading volume of $18.7K with a market cap of $2.1M. They reached an all time high of $0.1024 and are currently at 81.89% of their ATH.
4. Spain National Fan Token (SNFT)
Spain National Fan Token (SNFT/USDT – Trade it here) is coming in at fourth place. The World champion of 2010 is still one of the fan favorites. They are placed in Group E along with another giant football team Germany. Both teams had won the World Cup back in 2010 and 2014 respectively. Now, fans are eager to see who will perform better in their group stages. Earlier this month, SNFT witnessed a whooping spike in their token price, increasing by more than 1000%. SNFT is currently hovering around $0.4073. They have a 24 hours trading volume of $20.86K with a market cap of $10.04M. They reached an all time high of $0.7649 and are currently at 52.53% of their ATH.
3. Brazil National Football Team Fan Token (BFT)
Brazil is one of if not the most popular team in the world. It is no surprise that Brazil National Football Team Fan Token (BFT/USDT – Trade it here) is coming in at 3rd place. They are the most successful World Cup Team being the only one that had 5 wins throughout the history of World Cup and the only team to have played in all World Cups. The performance of their tokens are nothing but amazing as well. They have a market cap of $29.13M with a 24 hours trading volume of $59.28K. They are currently pegged at $0.9797, 90.01% of their all time high of $1.07.
2. Argentine Football Association Fan Token (ARG)
Argentina, another fan favorite team nabs the second spot for the top fan token. Argentina is a two-time World Cup Winner and a close 2nd place back in 2014. One of the fan favorite players Lionel Messi is playing for Argentina and according to him, this will be his final year joining FIFA. Hearing his statement, fans from all over the world poured into their fan tokens showing immense support hoping for a great victory. Argentine Football Association Fan Token (ARG) is pegged at $4.62, a far cry from their all time high of $8.34. They also had more than 1000% pump earlier in August with a current market cap of $17.38M and a 24 hours trading volume of $1.09M.
1. Portugal National Team Fan Token (POR)
Portugal National Team Fan Token (POR/USDT – Trade it here) is our number fan favorite token of 2022. Massive spike, huge trading volume and a strong position, they are more than worthy to be placed first in the fan token favorites. This is the eighth year for Portugal joining the World Cup with their best result of obtaining 3rd place back in 1966. Can Cristiano Ronaldo’s leadership guide them towards the trophy? Portugal National Team Fan Token (POR) has the highest trading volume of $1.42M in 24 hours and a market cap of $11.61M. They are pegged at $3.66 with an ATH of $6.12.
Closing thoughts on Fan Tokens
Personally, I am a big fan of sports and I am really glad that fan tokens are becoming a popular trend. My favorite token is the OG Fan Token. Fan token gives fans a platform to join and feel as a team even when they are seas apart. They give supporters something to hold on to and allow access to an exclusive community. I believe that as we get closer to the dates of FIFA, the graphs for fan tokens will fluctuate along with supporter’s cheers. We are in for a roller coaster ride. If you are thinking about how to support your favorite team, I suggest that it is time for you to start hoarding some fan tokens! Check out our MEXC trading page and find out what we have to offer! In the meantime, you can learn more about crypto’s industry news and interesting articles to get you up to speed with the crypto world. Happy trading!