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Can Fan Tokens Lead a Crypto Recovery During the FIFA World Cup? 3 Potential Scenarios and 2 Categories that Could Outperform

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Content of article:

  • Fan Tokens Will Step Up Crypto Recovery
  • Two Categories that will Outperform Fan Tokens
  • 2. Play-to-Earn Tokens

Fan tokens are high in demand, disregarding the macro market downturn. The trend is predicted to pick up in the coming days, with the FIFA World Cup ready to kick off on 20 November 2022.

 

Fan tokens are digital assets that give holders the right to vote on official team polls and participate in fan-related decision-making. They also come with exclusive promotions, rewards, and VIP experiences. Fan tokens are powered by Socios.com, one of the pioneering Web3 platforms dedicated to the sports industry.

Hundreds of top-tier sports teams have joined forces with Socios.com to launch fan tokens, including Barcelona, PSG, Man City, Juventus, Atletico Madrid, and Arsenal. According to the website, more partnerships are underway. Chiliz, the native token of Socios.com, is also trending in the World Cup mania.

Top sports coins by market cap, 17 Nov 2022, source: CoinGecko

The rising interest in fan tokens, especially from non-crypto users, could potentially permeate to other categories in the coming days. Here are three ways that could pan out:

  1. Sports tokens, in general, see increasing demand: A few tokens to keep an eye on are FLOW, Chiliz, and Sweatcoin.
  1. Sports NFTs take advantage of the trend: Football clubs and celebrities are launching NFT collections to cash in on the ongoing craze. For example, Cristiano Ronaldo’s NFT collection is coming on November 18, exclusively on Binance. Other top NFT collections like Genesis Silks Avatars, Sorare, and NBA Top Shot also open good investment opportunities ahead of the World Cup.
  1. The broader market follows suit: The high demand for fan tokens could convert into a renewed interest in cryptocurrencies and NFTs in general.

Fan tokens make a good investment this season. Green cryptocurrencies and play-to-earn tokens, however, can reward investors in the long term.

1. Green Cryptocurrencies

Cryptocurrencies have long been accused of aggravating the climate crisis. However, the industry’s shift to energy-efficient consensus mechanisms over the last two years has improved the situation to a great extent. Blockchains and cryptocurrencies are no longer seen as a threat to the environment.

Algorand 1-month price chart, 17 Nov 2022, Source: CoinMarketCap

There is also a new tribe of green projects that make tangible contributions to climate action through creative blockchain use cases. A few good examples are Algorand, KlimaDAO, Chia, and IMPT. Algorand needs no introduction. The green blockchain supports a wide range of applications dedicated to eco-sustainability missions. In fact, Algorand has signed an official partnership with FIFA to build a blockchain-supported wallet. However, the hype around the FIFA World Cup fails to convert to price hikes for ALGO.

Algorand currently ranks #28 on CoinMarketCap. Like most high-cap cryptocurrencies, Algorand will have a hard time giving sizable returns to investors during the bear market. Despite the project’s market relevance, more price corrections are awaiting the coin. Chia, with a #129 ranking, makes a better investment than ALGO. If the project manages to acquire more partnerships in the coming months, it has the potential to reward investors lucratively by the first half of 2023.

 

If you’re on the hunt for a crypto that can give exponential returns, IMPT ticks all the boxes. The Web3 ecosystem is dedicated to decentralizing the carbon market through cryptocurrencies and NFTs. It converts carbon credits into NFTs as a solution to reduce double spending and scams common in the industry. Both mandatory and voluntary participants can buy, sell, and retire carbon credits on the IMPT marketplace.

Presale tokens have a history of bringing the highest returns to investors over time. However, there are more factors that make IMPT a compelling buy in the bear market. The most interesting of these is the gamified features of the ecosystem. Lack of focus on engagement has proven to be detrimental to green initiatives. IMPT’s gamified shopping platform and social platform will go a long way in motivating users to cut down their carbon footprint.

This is how it works:

  • The IMPT store rewards users for responsible shopping in IMPT tokens. The platform has already partnered with global retailers to offer a wide range of choices to users. Whenever they purchase products from environmentally-responsible brands via the platform, they are rewarded with IMPT tokens. Users can convert the IMPT tokens to NFT carbon credits on the IMPT marketplace.
  • The IMPT social platform, on the other hand, helps users track their contribution to climate action through a bespoke scoring system. The more you trade carbon credits, shop via the IMPT store, and retire carbon credits, the higher your scores. The platform encourages users to bring friends and families on board, improving the efficiency of the eco-initiative.

IMPT presale status, 17 Nov 2022

IMPT is currently running a presale of its native token. The presale is already in the second stage, having raised $12,888,100, paying no heed to the recent crash. Since the token price will increase as the presale moves to the next phases, both investors and potential users are stocking up on IMPT tokens. The token is predicted to climb up to 10X on the upcoming public launch. If the ecosystem unfolds as planned, a 50X price hike by the first half of 2023 is not a long shot for IMPT.

Buy IMPT Now

Play-to-earn games like Gods Unchained, Alien Worlds, Decentraland, and The Sandbox have played a key role in bringing more users to Web3. The trend will continue in the coming years, and play-to-earn tokens will become one of the most profitable crypto sectors. The emergence of projects like Calvaria, RobotEra, and Tamadoge, in particular, instills faith in the future of blockchain gaming.

For example, RobotEra is an improved version of The Sandbox, themed around futuristic robots. You enter as a robot into the game and build infrastructure on the tokenized plots of land. You can also monetize the games and experiences in the metaverse. RobotEra provides advanced tools that will help you do that with absolutely no coding skills.

In addition to that, you can create companion virtual robots in the metaverse which will help you in your gaming mission. RobotEra will host concerts, museums, nightclubs, casinos, and salons in the metaverse, fuelling consistent engagement. That, in turn, will ensure demand for the token in the long run and sustain its value.

The ecosystem is powered by $TARO tokens, currently in the presale stage. The fact that the presale is targeting a relatively low market cap also makes $TARO a compelling buy in the bear market. The token has the potential to enter the $1B club by the end of next year.

 

 

The token price will gradually increase as the presale moves to higher stages. The rising interest in play-to-earn builder games, combined with the gripping metaverse gameplay of RobotEra, gives it huge growth potential.

Buy TARO Now

Another emerging play-to-earn game that has caught a lot of attention in the last few weeks is Calvaria. The NFT battle card game is touted to outperform Gods Unchained and Alien Worlds in 2023. Calvaria’s storyline and gaming mechanics centered around the afterlife make the difference. But that’s not all. Calvaria has a lower financial and technical entry barrier, which goes a long way in building a large user base for the game.

Calvaria: Duels of Eternity

Calvaria’s primary game, Duels of Eternity, comes in both free-to-play and play-to-earn versions. This way, the game gains a strong foothold in the traditional gaming market, parallelly. If users wish to monetize their gaming skills along the way, they can do so by switching to the play-to-earn version. They will be asked to install a crypto wallet and buy NFTs and in-game tokens only in the second case.

The alpha version of Duels of Eternity is slated for release next year, which will likely send $RIA tokens on an upward spiral. As a result, investors and prospective gamers are currently stocking up on the token via the ongoing presale. Already near the end of the 4th stage, the presale will sell out ahead of schedule.

Join Calvaria Presale

 

 

 

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 21.11.2022

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