Fans of the Argentina national soccer team are celebrating after their victory over Canada in the Copa America semi-finals. This win has not only secured their spot in the finals but has also caused a surge in the market value of the ARG fan token.
The price of the ARG token has skyrocketed by 107% to $2.32 following the team’s impressive 2-0 win. This surge has brought the market value of the token to $27.85 million, making it the second-highest among soccer fan tokens. The trading volume of ARG has also seen a significant increase, with a 24-hour volume of $23.57 million, making it the most heavily traded token in the market.
The ARG token is listed on various exchanges, with the ARG-Turkish lira pair on Paribu accounting for 88% of the total volume in the past 24 hours. On the other hand, the ARG-chiliz token pair on Chiliz.net only contributed 0.17% of the global activity. Chiliz.net is a trading platform for sports and entertainment tokens partnered with Chiliz and Socios.com.
Socios.com, a fan-engagement platform powered by the Chiliz blockchain, collaborated with the Argentine Football Association to launch the ARG token in 2021. This token allows holders to access exclusive team activities, experiences, and VIP services, such as meeting the players and visiting the iconic Estadio Monumental in Buenos Aires.
Fan tokens like ARG represent the intersection of blockchain technology and sports, giving fans the opportunity to engage with their favorite teams in new and innovative ways. These tokens also enable market participants to assess the financial impact of major sporting events and make informed decisions based on this information.
The surge in the ARG token’s value is a testament to the passion and dedication of Argentina’s soccer fans. As the team gears up for the Copa America final, supporters will be eagerly watching the market to see how the token’s value continues to fluctuate.