Fan Tokens Heating Up In Qatar

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FIFA World Cup 2022 boosted the interest in cryptocurrency associated with sports teams.

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According to a Paris-based crypto data firm Kaiko, the average daily trading volume for these tokens increased to around $300 million in November from $32 million the previous month.

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Lionel Messi Argentinian team token plunged 25% to $5.26 after the team lost to Saudi Arabia.

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Still, Messi’s Fan Token is down 22% as fans were relieved by the team win over Mexico.

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Cristiano Ronaldo's coin surged 119% to $7 in the 10 days leading up to the tournament but was almost halved in value despite being undefeated with Uruguay.

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For some these tokens provide an opportunity to engage with the site and receive perks such as bonuses.

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Whereas for others, tradable coins offer new investment opportunities.

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