The value of the ARG token increases as Argentina advances to the Copa América final

Argentina’s run to the Copa América final has almost doubled the market value of the country’s fan token, ARG.

The price of the token has increased by more than 65% in the last 24 hours, becoming the second largest football coin by market value.

ARG Token Increases Over 65%

According to data from CoinGecko, 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, up 67.8%. driven by the excitement surrounding Argentina’s performance in the Copa América.

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

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

Meanwhile, the Spanish National Football Team Fan Token (SNFT) also increased by 10% in value following Spain’s win over France at the European Championship. On Tuesday, Spain’s 2-1 win sent the SNFT price up from $0.023 to $0.026.

Launched in 2021, the ARG token was issued by the Argentina 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 is partnered with Chiliz ($CHZ) and Socios.com.

ARG token holders have access to various activities, experiences and VIP services exclusive to the team. Among them, the opportunity to meet the team’s players and access the Estadio Monumental, a historic football stadium in Buenos Aires, Argentina.

Drake loses $300,000 Bitcoin bet

On Monday, Drake took to Instagram to reveal that he had bet against Argentina’s national soccer team. Before the game, the rapper made a bet of $300,000 in Bitcoin, predicting that Canada’s national soccer team would defeat the World Cup champions 2-1.

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

not like us pic.twitter.com/Zoa4OTbgnK

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

However, Drake’s gamble did not pay off as Argentina knocked Canada out of the Copa America. After the win, the Argentine Football Association’s social media accounts took a playful jab at the rapper, referencing Kendrick Lamar’s song “Not Like Us.”

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