Tokens from Argentina, Portugal and Brazil take price routs even with on-pitch victories

Not even the victories in the World Cup in Qatar are saving the fan tokens of the teams of Argentina, Portugal and Brazil from being thrashed in their quotations. In the midst of the biggest football tournament in the world, the tokens of these teams fell above 60% in the last 30 days.

The selection token da  Argentina , the Argentine Football Association Fan Token (ARG), is ranked number 636 on Coinmarketcap. This Tuesday morning (29), the ARG is traded in the range of US$ 3.50 and oscillates 0.5% both up and down in the last 24 hours.

Last week, the ARG token dropped above 30% as Argentina lost to Saudi Arabia. It is worth mentioning that on 11/18 the ARG almost hit US$ 9, and therefore there was a 65% drop in the period.

The selection token of  Portugal , the Portugal National Team Fan Token (POR) appears even lower than Argentina's token, at position No. 646 in the Coinmarketcap ranking. The POR opened the day at US$3.25 but dropped to the current US$3.18.

Also on the 18th, the POR token registered its highest price in the month, when it was traded at around US$ 7. Since then, the Portuguese token has registered a devaluation of close to 60%.

It is worth remembering that the ARG and POR tokens are issued by Socios.com.

About the selection token do  Brazil , the Brazil National Football Team Fan Token (BFT), a decline that began on 11/20 became even more pronounced after the debut in the Qatar Cup. Not even the victories against Serbia and Switzerland were able to make the BFT out of the hole.

It is worth remembering that one of the reasons for the decline in assets may be linked to business issues involved behind the project: a  CBF terminated on the 22nd the sponsorship contract with the Turkish cryptocurrency broker Bitci , which is responsible for the creation of the BFT. 

This Tuesday afternoon (29), the BFT is traded at US$0.26 (R$ 1.38) and points to a devaluation of over 10% in the last 24 hours. The accumulated drop in the last seven days is 65% and in the last 30 days, 70%.

BFT is also behind the ARG and POR tokens in the ranking of the largest cryptocurrencies by market cap, ranking at 762nd.