• Market Cap: $1,081,303,102,031.43
  • 24h Vol: $74,142,005,840.19
  • BTC Dominance: 41.00%

Argentinean Fan Token Plunges After A Defeat Against Saudi Arabia In FIFA World Cup 2022

Published: Wednesday, 23rd November, 2022 - 14:51

The FIFA World Cup 2022 – Qatar is turning out to be full of surprises for all football fans. The biggest surprise the FIFA World Cup has given to the fans is Argentina’s defeat against Saudi Arabia.

ARG vs KSA

One of the most exciting matches that have taken place in the FIFA World Cup so far is between Argentina and Saudi Arabia.

The match was filled with excitement and shockers for football fans not only from both countries but from the entire world.

As the Saudi Arabian fans successfully scored 2 goals against 1 from Argentina, they emerged victorious. This is a huge victory for the Saudi Arabian fans and a major upset for Argentina.

Argentina Fan Token Plummets

Due to Argentina’s recent loss against Saudi Arabia, the value of the Argentina fan token has taken a major dip. The name of the particular token is “ARG”, which reportedly plunged after Argentina’s defeat.

The die-hard soccer fans who had placed bets on the ARG token ended up getting upset with the team’s performance. They started to get rid of the token the moment Argentina lost to Saudi Arabia.

Price Movement of ARG

Prior to the match kick-off, the value of the ARG token was at a high of $7.21.

However, as the fans saw the poor performance of Lionel Messi as a player and a captain, it became ARG would lose its value.

With the Argentinean National Team losing the match to Saudi Arabia, the value of the ARG token has plunged. The value of the token has experienced a 31% plunge in the past 24 hours.

After the loss, the trading price of ARG has shed $2.25, and it is currently at a low of $4.96 per ARG. However, the price of ARG did pick up after plunging, and it rose to a high of $5.22.

Even at the time of writing, the value of ARG is at a high of $5.22 per ARG. CoinGecko, a major blockchain data analytics firm has confirmed the details about the latest price of ARG.

Saudi Arabia-Linked Assets Rose Significantly

While the trading value of the ARG token has traveled in a negative direction, the value of the assets linked with Saudi Arabia has moved higher.

A non-fungible token “The Saudis”, which is linked with Saudi Arabia, has also experienced a major surge in recent trading sessions.

The data shows that the value of “The Saudis” has surged 52.6% in the past 24 hours. Prior to Saudi Arabia’s win, the value of the NFT was at 0.196 ETH but it rose to 0.3 ETH after the match.

At the time of writing, the value of the NFT is at 0.225 ETH, which translates to $250.

It seems that the Saudi team is in very high spirits. If they continue performing the same way they did against Argentina, the value of KSA-related assets may rise tremendously.

This post first appeared on: CryptoCy News

Author: Joseph Caballero
Tags in this article
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram