In a reaction that has upset many cryptocurrency traders, the Argentine Football Association Fan Token (ARG) has plummeted in price in the wake of Argentina’s historic victory in the FIFA World Cup final on Sunday. At one point it fell more than 50% in a matter of hours. Iconic Argentine footballer Lionel Messi, widely regarded as one of, if not the best footballer of all time, captained his side to victory in a thrilling final that was eventually decided on penalties.
ARG/USD was last changing hands around $3.20, having been dumped from around $6.0 before the World Cup final. The coin is now finding support in the $2.60 area in the form of recent lows.
What is ARG token and why was it dumped?
ARG is a token issued through Socios.com’s consumer-facing platform that provides its owners with a better fan relationship with the Argentina team, as well as tokenized influence on the decisions of the Argentina FA, previously Key time victories rallied on, such as the semi-final victory over Croatia. Meanwhile, ARG had slumped earlier in the tournament over Argentina’s shocking defeat to Saudi Arabia.
Traders were thus at a loss as to why the token would come under so much selling pressure in the wake of Argentina’s first World Cup final victory since 1986. Now that Argentina has won, perhaps those bookies are more inclined to dump their tokens on the Argentinian fans. The problem is, in the midst of Argentina’s severe economic crisis and hyperinflation, most fans of the country probably don’t have much spare cash to throw at speculative assets like the ARG token.
Price Prediction – Where’s Next for ARGs?
Given its highly volatile history and unpredictability, even in response to the results of the Argentina national football team, it is incredibly difficult to predict what will happen next for the ARG token. No doubt about it, the huge global profile of the Argentina national team, which has only grown in the wake of their latest World Cup victory, should continue to endow the token with some value in the long term.
ARG is seen ending the year up more than 100% to $6.65, according to 52 polls conducted on CoinMarketCap. In fact, the strong way the blockchain-based Fan Token found support on Monday suggests a rebound may be possible. But traders should beware that ARG may find it difficult to recover above its 21- and 50-day moving averages in the $3.70 and $5.20 areas, respectively.
Altcoins giving quick returns
The cryptocurrency has been trading sideways for a few weeks, prompting some traders to look for options with higher potential in the short term. Listed below are some of the major pre-sales in the market, allowing investors to get in in on the ground floor.
FightOut (FGHT) – Presale Launch
FightOut, a brand new move-to-earn (M2E) fitness application and gym chain that wants to bring the fitness lifestyle to Web3, has started its pre-sales and investors feel the project will complement the current Web3 M2E landscape. may change. Existing M2E applications such as StepN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity. is, and it is not required. No costly buy-in to participate.
FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with over $2.15 million already in pre-sale in just a few days Have gathered FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at deeply discounted rates and the sale recently exceeded $10.18 million. The pre-sale dashboard is going to be released soon, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in about a month.
Calvaria (RIA) – Final pre-sale phase now
Major blockchain-based games such as Axis Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an emerging play-to-earn battle card crypto game, could be a good option. Calvaria seeks to promote crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA Token Pre-Sale. Calvaria has now raised $2.49 million, with a crypto whale netting $97.5K in a single buy last week. Pre-sale is in final stage, only 20% tokens are left.
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