• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Argentina win World Cup but ARG token falls 50%
Investing

Argentina win World Cup but ARG token falls 50%

by December 19, 2022
by December 19, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

As Messi and co celebrated the sports milestone, the other half of the spotlight was on the truly mercurial Kylian Mbappe after a brilliant hat trick in a World Cup final – the first since England’s Geoff Hurst in 1966.

Argentina have once again conquered the football world. But that’s not the same for its fan token.

ARG token slips 50% as Argentina win World Cup

In November, the Argentina Football Association Fan Token (ARG) fell sharply as Argentina fell to a shock defeat to Saudi Arabia in their World Cup opener.

At the time, the token dropped from around $7.50 to $5.20 as the market reacted to the loss. It then traded lower as the country looked to qualify out of the group, before rising sharply as Messi inspired an organised Argentina to this year’s final. The price of ARG against the US dollar traded as high as $7.30 on Saturday, 17 December.

However, ARG/USD tumbled sharply after the final in a classic sell the news scenario.

On Monday morning, data from CoinGecko showed the token’s value had declined to $2.72, down from a high of $6.03. The heavy selling pushed the token nearly 50% down before a slight recovery as at the time of writing – ARG was trading near $3.30 with the charts showing a 40% decline in the past 24 hours.

The ARG fan token is down approximately 60% in the past 30 days. However, its price is about 152% up over the past year, impressive given the crypto winter’s havoc on the cryptocurrency market.

The post Argentina win World Cup but ARG token falls 50% appeared first on Invezz.

You Might Also Like
  • Shell share price analysis amid oil market woes
  • Boohoo share price could surge to 55p in 2023
  • Grayscale Bitcoin: GBTC discount to NAV narrows to -38.55%
  • Straddle vs. Strangle Options Strategy
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Green Energy is the Modern “Broken Window”
next post
America’s at a Crossroads: Liberty or State Control? | Samuel Gregg & Kate Wand (Video)

You may also like

2022 in the stock market: why it hasn’t been that...

December 7, 2022

3 investments David Einhorn believe will pay off big in...

November 23, 2022

WWE stock jumped 20% on Friday: find out more

January 6, 2023

Trading Earnings With Ratio Spread

February 22, 2024

GameStop trends ahead of earnings. But this Wedbush rating spells...

December 7, 2022

The Silent Bank Run

March 23, 2023

Tesco vs Ocado: Better buy as UK retail sales slip

December 16, 2022

Aptos startup Blocto eyes the next billion Web3 users via...

December 21, 2022

US nonfarm payrolls surpass expectations to rise by 263,000; Wages...

December 2, 2022

Bernstein analyst reacts to TSMC boosting investment in the U.S.

December 6, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Boeing lands the largest order for...

    December 13, 2022

    Tesla stock is down another 10%...

    December 27, 2022

    Metropolitan Bank Holding (MCB) exits the...

    January 9, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here