Argentina\'s Victory Over Canada in the Copa America Semi-finals Brings Cheer to Argentina Fan Token Holders

The price of the Argentina Football Association's cryptocurrency has risen 107% to $2.32 since the team's 2-0 victory over Canada

Argentina's soccer team advanced to the finals of the Copa America tournament on Tuesday, which helped drive the market value of the country's fan token to more than double.

The price of ARG, the Argentina Football Association's cryptocurrency, rose 107% to $2.32 after the team's 2-0 victory over Canada, hitting its highest level since May 30 and surging over 70% in the past 24 hours.

The ARG token was also the most heavily traded of the tokens. Its 24-hour volume stood at $23.57 million at the last count, which was nearly four times more than the Paris Saint-Germain fan token, the largest soccer token by market value.

Chiliz.net is the trading platform for all the sports and entertainment tokens partnered with Chiliz and Socios.com. The Argentine Football Association worked with Socios.

Fan tokens give holders the chance to win access to unique team activities, experiences, and VIP services. This includes meeting the team's players and getting into the Estadio Monumental, a football stadium in Buenos Aires, Argentina, that is well-known for its rich history.

At the intersection of blockchain and sports, fan tokens allow market participants to price in and gauge the financial and economic impact of major sporting events.

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