• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
World Cup

World Cup: Argentina Crypto Fan Token Crashes After Team’s Shocking Defeat To Saudi Arabia, 2-1

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After Argentina, the tournament favorite, was defeated by Saudi Arabia in the FIFA World Cup 2022, the value of the country’s crypto fan token nosedived.

The fact that this is Argentina’s first defeat in the world’s greatest sport makes the setback much more heartbreaking.

The value of the Argentina Fan Token (ARG) decreased by more than 25 percent as a result of the loss’s emotional impact.

It was an unexpected turn of events when Saudi Arabia rallied from behind to break Argentina’s 36-game winning streak and produce a significant World Cup upset.

Related Reading: A Crypto Wallet For JPMorgan? Yes, America’s Biggest Bank Doesn’t Really Hate Crypto

Image: Asean Football Federation

World Cup Casualty: The ARG

Since the conclusion of the World Cup showdown, ARG’s price has increased to approximately $5.36. In the previous 24 hours, the token has decreased by 17%.

However, it is important to note that ARG is still up 16% over the past month and has just set a new all-time high of nearly $9.20.

Wednesday’s CoinGecko data shows that the ARG fell overnight from approximately $7.55 to a low of $4.95.

The floor price of the winners’ non-fungible token (NFT) with a Saudi Arabian theme, “The Saudis,” increased by more than 50 percent.

After Saudi Arabia delivered its crushing blow, 52 NFTs from the collection were sold on OpenSea for an average of 0.2 ETH, or around $280 apiece.

The collection’s floor price on OpenSea has already fallen from its daily peak of roughly 0.31 ETH to 0.24 ETH, indicating that the slight increase was likely temporary.

FIFA World Cup: Most Trending Global Event

The ARG token is an ERC-20 token developed by Chiliz in collaboration with the Argentine Football Association and is available for purchase on the Socios app. It can also be purchased on the OKX and Gate.io exchanges, among others.

The ongoing FIFA World Cup in Qatar is currently one of, if not the most popular global event. Given the sheer passion of soccer fans from around the globe, there was a rise in demand for fan tokens prior to the first round of matches.

After Tuesday’s defeat, it’s fascinating to note that not only the Argentina supporter token has lost value. On Tuesday, the value of the Brazil team fan token decreased by nearly 10% to $0.7386. Likewise, the value of the Spain National Fan Token dropped by 7% to $0.7386.

Related Reading: FTX Japan Says Client Funds Withdrawal Possible Before 2022 Ends

Crypto total market cap at $777 million on the daily chart | Featured image from Yahoo News Canada, Chart: TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

crypto, Coinbase, SEC, PayPal

US SEC Under Fire For Gensler’s ‘Missing’ Texts From Key Crypto Crackdown Period

1 hour ago
Justin sun trump wlfi

Justin Sun Faces Backlash After Urging WLFI to Unfreeze Tokens

3 hours ago
Russia

Russia Looks To Open Crypto Market Wider For Citizens – Details

6 hours ago
European Central Bank Pushes Digital Euro for Resilient Payments – Best Wallet Token Stands Out

European Central Bank Pushes Digital Euro for Resilient Payments – Best Wallet Token Stands Out

15 hours ago
Bitcoin Treasuries Top 1M BTC Exceeding $111B – The Best Altcoins Thrive Amid Mainstream Adoption

Bitcoin Treasuries Top 1M BTC Exceeding $111B – The Best Altcoins Thrive Amid Mainstream Adoption

19 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 5)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 5)

15 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    11 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    11 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    12 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    17 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.