Brazil National Fan Tokens are down 50% in a few hours after losing to Croatia on penalties at the FIFA World Cup, and nearly 56% in 24 hours.
Priced at $0.218 at kick-off, the team’s shock loss slashed the $BFT After the match, it drops to a 24 hour low of $0.0892.
— CoinGecko (@coingecko) December 9, 2022
The Brazilian government and football federation launched BFT on August 25, 2021 to offer investors and sports enthusiasts around the world an exclusive and privileged experience.
If fans have more tokens in their wallets, they can vote on the music played at the stadium, sign shirts, and even travel or accompany their team if it reaches the finals.
Prior to the World Cup, BTF reached its all-time high (ATH) of $1.53 on September 29, 2022. recent price drop.
At the time of writing, BTF is trading at 0.091049103780 with a 24-hour trading volume of $252,882. The circulation of BFT coins is 30 million, with a total supply of 100 million.
In addition to Brazil, other prominent international teams such as Spain (SNFT), Portugal (POR) and Argentina (ARG) also have Fan Tokens.