Argentina’s development to the Copa America closing not solely secured their place within the event’s closing, but in addition triggered a major enhance of their related digital asset. The Argentina Soccer Affiliation’s fan token, ARG, has skilled a surge in worth.
In response to knowledge from CoinMarketCap, the ARG token’s worth has greater than doubled. It rose by 200% to achieve $2.32 – its highest degree since Could 30.
Up to now 24 hours alone, the token has seen a 33% improve. This surge has propelled ARG’s market capitalization to $27.85 million, making it the second-highest amongst soccer fan tokens. Nonetheless, it nonetheless falls in need of its file $32.4 million valuation achieved in the course of the 2022 Qatar World Cup.
ARG Trading Quantity Soars as Followers Rally Behind Argentine Success
The ARG token has additionally change into essentially the most actively traded fan token within the cryptocurrency market. Its 24-hour buying and selling quantity stands at an $23.57 million. That is practically 4 occasions that of the Paris Saint-Germain fan token, which holds the title of the biggest soccer token by market worth. ARG is just not alone, as nearly all high soccer tokens surged in worth.
Curiously, the ARG-Turkish lira (ARG/TRY) pair listed on the centralized trade Paribu dominated buying and selling exercise. This accounted for 88% of the whole quantity previously 24 hours. In distinction, the ARG-chiliz token (ARG/CHZ) pair on Chiliz.internet contributed a mere 0.17% of world exercise.
The ARG token, launched in 2021 by means of a partnership between the Argentine Soccer Affiliation and Socios.com, affords holders distinctive advantages. These embody entry to crew actions, VIP providers, and alternatives to satisfy gamers and go to the Estadio Monumental in Buenos Aires.
Rapper Drake Misplaced $300k price of Bitcoin in Wager
Following the nationwide crew’s development to the Copa America closing, Canadian rapper Drake misplaced a considerable Bitcoin guess on the match. Drake had wagered $300,000 in Bitcoin on Canada defeating Argentina 2-1. A win for Canada would have resulted in a $2,880,000 payout. Following Argentina’s victory and ARG token worth, the Argentine Soccer Affiliation’s social media accounts playfully taunted the rapper, referencing Kendrick Lamar’s diss observe ‘Not Like Us.’
This loss provides to Drake’s historical past of unsuccessful sports activities bets, contributing to the notion of a ‘Drake Curse’ amongst followers and the crypto group. Nonetheless, it’s price noting that the rapper has additionally profited from crypto bets previously, together with a $1.15 million Bitcoin win on this yr’s Tremendous Bowl.
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