Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
ARG Token Value Soars as Argentina Advances to Copa America Final

ARG Token Value Soars as Argentina Advances to Copa America Final

CryptopotatoCryptopotato2024/07/11 18:37
By:Author: Wayne Jones

The trading volume of the Argentine Football Association Fan Token (ARG) has surged by over 500% in the past 24 hours.

Argentina’s advance to the Copa America finals has almost doubled the market value of the country’s fan token, ARG.

The token’s price has increased by over 65% in the last 24 hours, making it the second-largest soccer coin by market value.

ARG Token Soars by Over 65%

According to CoinGecko data , the price of the ARG token has increased by 98.8% over the past week, reaching $2.34, its highest level since May 30. At the time of writing, the token was trading at $2.34 and was up by 67.8%, driven by the excitement surrounding Argentina’s Copa America performance.

This increase in value has made ARG the most heavily traded fan token in the market. Its daily trading volume has increased by 578.50%, reaching $23.8 million. This figure is nearly four times higher than that of the Paris Saint-Germain fan token, which holds the title of the largest soccer token by market value.

However, it still falls short of the record $32.4 million achieved during the lead-up to the 2022 Qatar World Cup, which Argentina also won. This tournament saw the token reach its all-time high of $9.1.

Meanwhile, the Spain National Football Team fan token (SNFT) also saw a 10% increase in value following Spain’s victory over France in the European Championship. On Tuesday, Spain’s 2-1 win led to the SNFT’s price rising from $0.023 to $0.026.

Launched in 2021, the ARG token was issued by the Argentine Football Association through Socios.com, a fan engagement platform powered by the Chiliz blockchain. Chiliz.net serves as the primary trading platform for sports and entertainment tokens, and it is partnered with Chiliz ($CHZ) and Socios.com.

Holders of the ARG token gain access to various exclusive team activities, experiences, and VIP services. These include the opportunity to meet the team’s players and access the Estadio Monumental, a historic football stadium in Buenos Aires, Argentina.

Drake Loses $300k Bitcoin Bet

On Monday, Drake took to Instagram to reveal he had bet against the Argentina National Football Team. Before the match, the rapper placed a $300,000 bet in Bitcoin, predicting that the Canada National Football Team would defeat the World Cup champions 2-1.

Drake playfully taunted Argentine fans, saying, “This could get Messi.” Had he won, the Canadian rapper would have received a $2,880,000 Bitcoin payout.

Not like us, pic.twitter.com/Zoa4OTbgnK

— Selección Argentina in English (@AFASeleccionEN) July 10, 2024

However, Drake’s bet did not pay off, as Argentina knocked Canada out of the Copa America. Following the victory, the Argentine Football Association’s social media accounts took a playful swipe at the rapper, referencing Kendrick Lamar’s diss track “Not Like Us.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Unstaked Goes Viral With a Massive $1M Giveaway, as Solana (SOL) Charges and Pi Network Falters

Solana’s bullish push targets a $300 billion market cap, Pi Network struggles with selling pressure, and Unstaked heats up the presale space with a $1 million giveaway as the total funds reach $9.2 million.Solana Eyes $300B Market Cap as Structural Signals ImprovePi Network Drops Further as Bearish Pressure MountsUnstaked Ignites the Presale Scene with AI Innovation & a $1M GiveawayFinal Thoughts

Coinomedia2025/06/07 17:08
Unstaked Goes Viral With a Massive $1M Giveaway, as Solana (SOL) Charges and Pi Network Falters

SHIB Drops 11% in a Week – Is Nexchain the Top Crypto Presale ICO of 2025?

While SHIB tumbles, Nexchain rises—an AI-powered blockchain presale offering 455% ROI, real utility, and top-tier scalability in 2025.Nexchain AI Blockchain: Built for the Real WorldSHIB Slips Closer to Multi-Month LowsThe Best Crypto Presale to Buy? Nexchain Could Be the One

Coinomedia2025/06/07 17:08
SHIB Drops 11% in a Week – Is Nexchain the Top Crypto Presale ICO of 2025?

Charting the Future of What Could Be the Most Popular Cryptocurrency After Hyperliquid

Qubetics is gaining momentum with a multi-chain wallet, \$17.7M raised, and 4,349% ROI potential—could it be the next Hyperliquid success story?Qubetics: Non-Custodial Multi-Chain Wallet Is a Game ChangerHyperliquid: A Massive Win for Many Early AdoptersThe Final Word: Next Most Popular Cryptocurrency

Coinomedia2025/06/07 17:08
Charting the Future of What Could Be the Most Popular Cryptocurrency After Hyperliquid