We are going to talk a little about the tokens or the fan tokens of the World Cup, mainly from Argentina, Spain and Brazil, because the World Cup is about to arrive and there is already a lot of talk about these fan tokens. So I want you to understand a little about the utility that have and after that what could happen from now on.
Argentina, Brazil and in Spain we are going to talk a little about each thing first how are the tokens well the token of Argentina as we are seeing 7.54 has been going up like crazy for several days and has a market capitalization of 28.7 million that it is quite small, it really is not a very large capitalization and what does this mean that it has a certain possibility that it will now have some high peaks during the week and all if we are going to see now the 30 days They will see that it had had a peak like until eight and then it had a very big drop until it reached approximately 4.61 What was that basically the fall of the entire crypto world you know that this FTX went bankrupt there was a lot of drama around it fell apart But as the world It is getting closer, it recovered again and it is practically very close to its ath what can we expect that comes next, let's follow up on those who come after
Spain also with a similar situation is on the rise 0.46 they know that this token will be seen in the last 30 days it had a harder blow because although it also fell with Argentina it took a little longer to recover but now it had a peak it is back very close to its ath and the last token that I bought that I also want you to see. By the way, from Spain to make a summary, it has 10.9, that is, 11 million of market cap, it is a minute of marketing that it has, it is really very, very little. next is Look the one from Spain is snft Spain National football Team
Brazil is there it will be shown it is bfc Brasil National football Team is bfc the token and if we are going to see it here we have the marketcap very similar to that of Argentina 29 million now that of Brazil is going to be above 40 million had the correction precisely with the entire market and now, like all van tokens, it comes with a constant rise. Yes, it has been going up for about 7 days or so, so what happens with these fan tokens because they are going up now, what use are they? .
Yes, so that each aspect is understood, a fantoken is what it says, it is a cryptocurrency for fans, let's say the utilities it has are very limited in the case of Argentina. For example, if we go to the exchange where and we go to the information section, we go to find that what the following says well the fandom in Argentina literally what it says is that arg the fantoquen serves to generate a deeper connection between the fan and the afa which is the Argentine soccer association the truth is there is no real utility it is for Literally being a fan of Spain, for example, we find that in theory it will revolutionize what it is to be a fan of Spain because it will allow you to work, participate in events, participate in raffles, create digital collections, buy from Steve and, well, gamification , Spain actually at the moment does not do anything also yes at least let's say at least there is a lot involved but it is not that they really have a utility as such then pa What are they for today, to support the national team without looking for anything in return other than speculation is completely like that.
