2024

Rally

World

Coin

<ul class="news-points">
 <li>Fan tokens linked to soccer teams are seeing increased trading activity ahead of Euro 2024 and Copa América.</li>
 <li>The Chiliz cryptocurrency market value has risen to over $1.07 billion, nearing levels last seen during the 2022 World Cup.</li>
 <li>Despite the uptick in fan token activity, the sector faces scrutiny over balancing team engagement and financial speculation.</li>
</ul>
As excitement builds for the upcoming Euro 2024 and Copa América tournaments, fan tokens are becoming a focal point in the cryptoverse <a href="https://www.reuters.com/technology/cryptoverse-soccer-tokens-shine-ahead-summer-sport-2024-06-11/" target="_blank" rel="noopener noreferrer nofollow">as reported by Reuters</a>, a crypto news source. These digital assets, issued by national teams and clubs, offer supporters a tradeable way to engage with their favorite teams. Recent data reveals a significant increase in activity around these tokens, reflecting growing interest ahead of these major soccer events.
Chiliz, the native cryptocurrency of the <a href="https://coinedition.com/chiliz-chz-price-prediction/" rel="noopener noreferrer nofollow">Socios blockchain</a> that hosts many fan tokens, has seen its market value climb from $687 million at the start of the year to over $1.07 billion. This surge brings it close to levels last observed during the 2022 World Cup, according to CoinGecko. Additionally, fan token trading volumes have also increased, reaching over $170 …
The post <a href="https://coinedition.com/fan-tokens-rally-as-investors-bet-on-soccer-fever/" rel="noopener noreferrer nofollow">Fan Tokens Rally as Investors Bet on Soccer Fever</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Fan Tokens Rally as Investors Bet on Soccer Fever

Coin Edition

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