The 2024 football season has arrived and these are the tokens to watch closely

By Hannah Perez

The Eurocup and Copa América 2024 are taking place right now and these cryptocurrencies could provide exposure to soccer fans.

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Football month! The Euro Cup and Copa America came together this 2024
These are the fan tokens of the teams that play in both tournaments
A different way to experience fandom and gain exposure to football competitions

When the Euro Cup and Copa America come together, there is football all day long. But the ball on the field is not the only thing that moves, these digital tokens could also record undulating movements in the lead-up to the matches.

The two major professional football competitions are taking place simultaneously. The Euro Cup, the most important four-year international tournament for national football teams in Europe, began on June 14 and ends with the final in Berlin on Sunday, July 14. Meanwhile, the Copa America is taking place in the United States in parallel.

The main official international men’s soccer tournament in South America had its opening match, with the victory of the Argentine National Team against Canada, on June 20, and the final will be held in Miami on July 14. The 48th edition of the Copa América will be like never before, as 16 teams will compete, the largest number in any of the previous editions so far.

It will be a month of pure football and the time difference between both countries would allow all the games to be seen in full and not overlap with each other. Meanwhile, baseball fans will be able to gain exposure to the tournaments through the tokens digital fan copies of some of the competition’s selected candidates.

Below is a list of the tokens by team and tournament.

Euro 2024

Launched in 2021 through the platform Partners.com, POR is the token for fans of the national team led by Cristiano Ronaldo. Its launch was the result of an alliance between the Portuguese Football Federation (FPF) and the aforementioned company. Blockchain.

POR has a market cap of USD $6.4 million and a price of USD $1.62 at the time of writing, according to data from CoinMarketCap. He token It has fallen by more than 50% in the last month, although it has appreciated by more than 150% in the last year.

The Italian national football team also has its own cryptocurrency called ITA, which was issued in 2021 in collaboration with Chilizthe parent company of Socios.com. The four-time world champion’s native token has a market capitalization of USD $48 million and a price of USD $1.63 at the time of writing, according to the same data source.

ITA has lost 55% in the month, less than the little more than 20% it has gained in the last 12 months, according to CoinMarketCap.

Launched the same year, Spain also has its own token for fans thanks to an agreement signed then between the Royal Spanish Federation (RFEF) and Bitcia company Blockchain Turkish company that operates a eponymous cryptocurrency exchange.

The Spanish national team token, SNF, has a market cap of less than $700,000 and a price of $0.030. In September 2022, the asset reached a record high market cap of $2.8 million and a price per unit of $0.8, according to data from CoinMarketCap.

Copa America 2024

The Argentine Football Association (AFA) launched its own native token in partnership with Chiliz in 2021 and later, in 2022, it renewed its agreement extending until 2026. ARG is the abbreviation of the token of the most recent world champion, with a market capitalization of USD $14 million and a price of USD $1.18 at the moment of writing this note, according to the same data source. It is up just over 12% in the week to June 27.

The Argentina team stands out as the current champion of the Copa América, after achieving its fifteenth title after 28 years in the 2021 edition. That year it defeated Brazil 1 to 0.

The Brazilian national football team, winner of 5 World Cups and also recognized as the most successful National Team to ever play on a football field, has its BFT fan token. He saw his fan born token BFT in September 2021 from the hand of Bitcibut the agreement fell through during the 2022 World Cup in Qatar.

BFT is priced at USD $0.025 and has a market cap of USD $745,000. Its trajectory has been primarily bearish in recent months, seeing a decline of 65% on the month and over 20% on the year, according to CoinMarketCap.

The Peruvian football team has had its own cryptocurrency since 2021 as a result of a similar alliance between the Peruvian Football Federation (FPF) and BitciAlthough, similar to the case of the Brazilian team, the Peruvian football entity also terminated the contract earlier than expected due to non-payments by that company.

FPFT, a BRC-20 token, has a market cap of just over $100,000 and a price per unit of $0.0045 at the time of writing. It has remained bearish since 2022, when it hit a price high of $0.20. Its cumulative annual loss is currently 40%, according to the data.

What are “fan tokens”?

It is worth noting that the tokens for fans, also called “fan tokens“, are digital assets based on Blockchain that are associated with a team, group, club or sports selection. Unlike other cryptocurrencies, they provide holders with exclusive benefits, advantages or rewards related to the associated equipment.

They were intended as a new way to connect fans with their favorite sports teams, integrating social features, benefits and utility, which can include direct participation in club decisions, access to merchandise, tournament tickets, products, experiences with athletes and further.

The fans tokens of these teams have seen modest price variation over the past few days, with most of them seeing slight gains despite the current holding of both tournaments simultaneously. The price action comes at a general bearish time for the broader cryptocurrency market, which has seen Bitcoinits largest cryptocurrency, recently fell to $60,000, its lowest price in nearly eight weeks.

Upcoming matches

Eurocup:

England-Slovakia | Sunday June 30 | Hour: 18:00 (ESP), 12:00 PM ET
Spain-Georgia | Sunday June 30 | Hour: 21:00 (ESP), 3:00 PM ET

America Cup

Jamaica-Venezuela | Sunday June 30 | Hour: 21:00 (ARG, URU), 20:00 (CHI) and 19:00 (COL, PER, ECU)
Mexico-Ecuador | Sunday, June 30th | Hour: 21:00 (ARG, URU), 20:00 (CHI) and 19:00 (COL, PER, ECU)

Article by Hannah Estefanía Pérez / Bitcoin Diary

Picture of Unsplash

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