Football fans all over the world are crossing out days in their calendars for the biggest sporting event of the year – the FIFA World Cup 2022 in Qatar. Chiliz (CHZ), the soccer-focused cryptocurrency, had demonstrated a strong bullish performance this week, climbing back above the crucial resistance line with significantly increased trading activity.
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#Chiliz price can be seen closing in on the resistance level that marks the previous local top.Day-on-day investor presence has increased in anticipation of the FIFA World Cup.Fan tokens of different countries are soon to be listed on the #BitMart exchange. $CHZ pic.twitter.com/vp8ORDP5IQ— TopResearchDone (@topresearchdone) November 4, 2022
Hattrick of Prosperous Football Fan Tokens
What’s more, several national football teams participating in the highly-anticipated event have their own football fan tokens, for instance:
- Spain National Football Team Fan Token (SNFT) – 12.3% weekly gains
- Portugal National Team Fan Token (POR) – 29.4% weekly gains
- Argentine Football Association Fan Token (ARG) – 34.1% weekly gains
FIFA WorldCup is fast approaching, Fan token should see good movesList of FAN TOKEN for national teamsPeru $FPFT Spain $SNFT Brazil $BFT Portugal $POR Argentina $ARGYou can buy from Chiliz $CHZ and bitci $BITCIAlso $algo is a FIFA world cup sponsor— Xcoded.eth (,) (@Xcoded11) November 2, 2022
Chiliz (CHZ) Recovers from Terra (LUNA) Provoked Injury
At press time, the #44 crypto by total market capitalization, the sports altcoin Chiliz (CHZ), trades at $0.255582, according to CoinGecko, which indicates a 6.6% daily uptrend and a juicy 25% in the green since last week.
Besides, the total market capitalization now stands at $1.33bn, a monthly high for the football fan crypto. In comparison, Chiliz (CHZ) market cap was still below $1bn on October 24, 2022, before bouncing back to the levels the altcoin had already maintained in April, prior to the infamous Terra (LUNA) fiasco.
On the Flipside
- Rival football-focused cryptocurrency Algorand (ALGO), the official blockchain of FIFA World Cup 2022, is also enjoying similar growth.
- Algorand (ALGO) gained 25.4% in the last 7 days with, an 8.8% daily increase, and is now priced at $0.411934.
Why You Should Care
The FIFA World Cup ’22 is set to begin in two weeks, hence football-related tokens are getting more attention as football fans from around the globe flock to Doha, Qatar to support their national squads.
Read more articles about the well-built friendship between football & crypto:
Visa (NYSE:V) and Crypto.com Launch NFTs for Soccer Fans Ahead of the FIFA World Cup 2022
Soccer Star Becomes Brand Ambassador of Solana-Based Game MonkeyLeague