Brazil Nationwide Fan Token is down 50% in a couple of hours and about 56% in 24 hours after dropping towards Croatia on the FIFA World Cup in penalty shootouts.
JUST IN: Brazil Nationwide Fan Token (#BFT) is down 60.5% immediately after its loss towards Croatia on the #FIFAWorldCup
Priced at $0.218 at kick-off, the group’s surprising defeat noticed the worth of $BFT fall to a 24-hour low of $0.0892 after the match.
📉: https://t.co/kk7pVhsCn9 pic.twitter.com/qq57RjAHhX
— CoinGecko (@coingecko) December 9, 2022
Brazil’s authorities and soccer federation launched BFT on August 25, 2021, to ship particular privileged experiences to buyers and sports activities fanatics worldwide.
If a fan has the next variety of tokens of their pockets, they’ll vote on the music performed within the stadium, signal a shirt, and even journey and accompany the group if the group reaches a ultimate.
Earlier than the world cup, BTF reached its highest value (ATH) of $1.53 on September 29, 2022. Nonetheless, following the group’s loss and no upcoming Brazil matches within the close to time period, buyers seem to have misplaced hope within the token, as evidenced by the current drop in value.
On the time of writing, BTF is buying and selling at $0.091049103780 with a 24-hour buying and selling quantity of $252,882. The circulating provide of BFT cash is 30 million, and the entire provide is 100 million.
Along with Brazil, different outstanding worldwide groups akin to Spain (SNFT), Portugal (POR), and Argentina (ARG) even have their fan tokens.
