The sports market is a potential market and is always a topic that attracts a large number of fans around the globe. Because of that field, the big players in the cryptocurrency market have cooperated to develop their brands. Fan Tokens is a product developed from the cooperation of these two industries that are most interested in everyone.
Cryptocurrency sports betting is slowly becoming a smart investment with high returns. Especially for sports and crypto fans, it has always been challenging. Ahead of the 2022 World Cup, betting with Fan Tokens is even more popular as sports clubs support them, allowing players to enjoy a lot of benefits.
Fan tokens are simply cryptocurrencies that provide their users with the opportunity to access different fan-related membership goodies, such as voting on the important decisions of the club, unique experiences, rewards, and merchandise designs.
There are now many reputable crypto betting sites to choose from, and many of them now accept crypto deposits and withdrawals at no extra charge. For bettors, that means more choices regarding betting on specific sports and increased user interest.
The world’s largest soccer tournament FIFA World Cup 2022, has become the driving force for the strong growth of a series of Fan Tokens, especially the most popular token, Chiliz (CHZ) has achieved a steady increase. In recent weeks and rallied more than 70% in 90 days, one of the most significant moves in the entire space. CHZ is currently trading at just $0.224, up 14% from the previous day and likely to surge.
According to CryptoSlam, global fan tokens monthly revenue has grown 200% since the beginning of 2022, reaching $6.4 billion in September, up from $2.2 billion in January.
Cryptocurrency has revolutionized today’s economy, replacing it in everyday areas, including gambling. An increasing number of online casinos and reputable sports betting sites are using cryptocurrencies instead of their fiat currency options.
However, cryptocurrencies are a high-risk investment, so do your research before making any investment choices.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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