Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss

Must read

Binance is suspending USD-based bank transfers

Binance is suspending USD-based bank transfers Oluwapelumi Adejumo · 38 seconds ago · 1 min read ...

Yuga Labs settles case with developer of Ryder Ripps’ copycat project

Yuga Labs settles case with developer of Ryder Ripps’ copycat project Dorian Batycka · 26 mins ago · 4 min...

Riot Platforms’ Bitcoin production hits ATH in January

Riot Platforms’ Bitcoin production hits ATH in January Oluwapelumi Adejumo · 50 mins ago · 1 min read ...

Over $76M invested in crypto funds in past 7 days

Over $76M invested in crypto funds in past 7 days Zeynep Geylan · 1 hour ago · 1 min read...

Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss Soumen Datta · 3 hours ago · 1 min read

BFT was launched by Brazil’s government and football federation on August 25, 2021, offering special privileged experiences to investors and sports fans.

1 min read

Updated: December 10, 2022 at 2:00 am

Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss

Cover art/illustration via CryptoSlate

Haru Invest

Brazil National Fan Token is down 50% in a few hours and about 56% in 24 hours after losing against Croatia at the FIFA World Cup in penalty shootouts.

JUST IN: Brazil National Fan Token (#BFT) is down 60.5% today after its loss against Croatia at the #FIFAWorldCup

Priced at $0.218 at kick-off, the team’s shocking defeat saw the price 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 government and football federation launched BFT on August 25, 2021, to deliver special privileged experiences to investors and sports enthusiasts worldwide.

If a fan has a higher number of tokens in their wallet, they can vote on the music played in the stadium, sign a shirt, and even travel and accompany the team if the team reaches a final.

Before the world cup, BTF reached its highest price (ATH) of $1.53 on September 29, 2022. However, following the team’s loss and no upcoming Brazil matches in the near term, investors appear to have lost hope in the token, as evidenced by the recent drop in price. 

At the time of writing, BTF is trading at $0.091049103780 with a 24-hour trading volume of $252,882. The circulating supply of BFT coins is 30 million, and the total supply is 100 million. 

brazil national football team token
Source: CoinGecko

In addition to Brazil, other prominent international teams such as Spain (SNFT), Portugal (POR), and Argentina (ARG) also have their fan tokens.

More articles

Latest article

Binance is suspending USD-based bank transfers

Binance is suspending USD-based bank transfers Oluwapelumi Adejumo · 38 seconds ago · 1 min read ...

Yuga Labs settles case with developer of Ryder Ripps’ copycat project

Yuga Labs settles case with developer of Ryder Ripps’ copycat project Dorian Batycka · 26 mins ago · 4 min...

Riot Platforms’ Bitcoin production hits ATH in January

Riot Platforms’ Bitcoin production hits ATH in January Oluwapelumi Adejumo · 50 mins ago · 1 min read ...

Over $76M invested in crypto funds in past 7 days

Over $76M invested in crypto funds in past 7 days Zeynep Geylan · 1 hour ago · 1 min read...

UK FCA warn crypto companies to comply with new ad regime or face imprisonment

UK FCA warn crypto companies to comply with new ad regime or face imprisonment Oluwapelumi Adejumo · 3 hours ago ·...