Chiliz.com's ARG Token Experiences Sudden Collapse After Argentina's World Cup Success: Is It A 'Pump and Dump' Scheme?

The official crypto token of the Argentine Football Association (CRYPTO: ARG) was down 54% since Argentina defeated France to win the World Cup, Sunday, Dec. 18.  On the day of the final match, the token started at $6.02 and ended the day at $2.66.

Timeline of Argentinefootballassociationfant, Chiliz

Argentine Football fan token price surged to $6.40 the day of the FIFA World Cup win, but fell to $2.67 days after. The post Argentine fan token sinks after World Cup win as parade fizzles with players evacuated appeared first on The Block.

Leading crypto insights firm Santiment says four altcoins are showing signs of an imminent bounce after getting “hammered” in the market. According to Santiment, metaverse altcoins Decentraland (MANA) and The Sandbox (SAND) along with Chiliz (CHZ) and Ren (REN), are in “opportunity zones” after the crypto market experienced big losses.

Even though the Chiliz ecosystem is home to various fan tokens and was expected to receive a boost throughout this period, the CHZ price actually decreased by more than 50% during the World Cup. The post The Reason Chiliz (CHZ) Price Failed to Rally During FIFA World Cup appeared first on BeInCrypto.

Chiliz (CHZ/USD) announced the launch of GameUsed.com, which will provide a full turnkey B2B solution for delivering storage, NFC, and NFT authentication, alongside redemption and sales for memorabilia. Chiliz (CHZ) is a digital currency for the sports and entertainment industry and is used to power the blockchain-based sports entertainment platform known as Socios.

After beating France in the dramatic final of the 2022 Soccer World Cup in Qatar on Monday, Argentina won its third world title. The win that Argentina achieved is destined to go down in history as a momentous event.

In a reaction that perplexed many cryptocurrency traders, the price of the Argentina Football Association Fan Token (ARG) has been battered in wake of Argentina's historic triumph in the FIFA World Cup final on Sunday. At one point, it had dropped over 50% in a matter of hours. Iconic Argentinian footballer Lionel Messi, widely regarded as one of, if not the best footballer of all time, led his side to victory in a thrilling final that was ultimately decided on penalties.

Argentina are the FIFA 2022 World Cup winners, beating France 4-2 on penalties after a thrilling 3-3 draw. Victory for Argentina saw soccer icon Lionel Messi lead his country to its first third triumph at the global showpiece, ending a 36-year wait since legend Diego Maradona inspired them to victory in 1986.

NFTs are digital or physical assets represented by tokens that function as smart contracts on a blockchain. They can be used to serve characters in video game universes, produce limited edition collectibles, and authenticate works of art.

Argentina's fan token ARG dumped over 50% of its value, trading for as low as $2.68 from over $6 in the last 24 hours despite the country winning the 2022 FIFA World Cup in Qatar, according to CryptoSlate data. The post Argentina fan token dumps 50% despite World Cup win appeared first on CryptoSlate.

The Argentina team is on a winning streak on both the football field and the crypto market. The ARG fantoken undermines the current bearish sentiment in the market and has shown steady growth for nearly two weeks.