Spain for the win? Top 3 fan tokens to watch during the FIFA World Cup
The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market.
Fan tokens are rallying despite the cryptocurrency market downturn. The World Cup in Qatar will boost the market. Fan tokens create sponsorship opportunities for sports clubs and national squads. Spain, Brazil and Russia are the top three fan tokens to watch during the World cup.
The Spain National Football Team Fan Token (SNFT) rose 170% to a high of $0.54 on Nov. 19. SNFT's outperformance may reflect the Spanish football team's higher odds of winning the World Cup in 2022. Bookmakers have given the best odds to Brazil. Spain will play Costa Rica on November 23 and Germany on the 28th.
The Brazil National Football Team Fan Token (BFT) has rallied 130% in nine days. Brazil is the favorite to win the World Cup this year. BFT is eyeing a breakout above $1.05. If Brazil wins the tournament on Dec. 18, the token could reach $2.31.
Portugal's team fan token (POR) is the third-best performer in the ongoing fantoken boom. It rose about 100% to $6 on Nov. 19, nine days after hitting lows of $3.10. The price of POR is now testing $ 6 as its resistance.
