Chiles (CHZ) and Algorand (ALGO) stumble by double digits as the World Cup kicks off

The 2022 FIFA World Cup Qatar has finally kicked off as football fans from all over the world flock to Doha to witness the top-level football competition. However, all football fan tokens are being beaten by ruthless crypto bears. It includes Chili’s (CHZ)and Algorand (ALGO) and Cronos (CRO), all sponsors of the competition.

When it comes to national football team symbols, the situation is even worse. To illustrate, Brazil’s national football team (BFT) fan token has fallen by 20.9%, while Spain’s national football team (SNFT) has fallen to its knees by 17% in the red since then. opening ceremony.

World Cup controversy pays off on crypto football

Both ‘world Cup’ And the ‘Qatar’ trending on Twitter on Monday morning as football fans vented their outrage over Very basic living conditions in cheap housing. Human rights activists, incl The anonymous groupThey shared their position that the World Cup should be boycotted.

As if that weren’t enough, memes surrounding the sloppy performance of the Qatari national team are circulating widely. Football fans are still a challenge Controversial sneak call When Ecuador scored the first goal in the second minute. However, Casper the Friendly Ghost, The official mascot of the 2022 FIFA World Cupready for action as day two promises big things for English and American football fans.

Chiles (CHZ) and Algorand (ALGO) beat the bear

At time of publication, Chili’s (CHZ) It is trading at $0.192122to me Queen Gekko. The football fan token that powers most of the football club and national team tokens, and sponsors Binance Football Fever, has been on a downward slope over the past 24 hours, with a staggering 20.4% deficit. In addition, the last 24 hours indicate a significant drop in the total market capitalization of CHZ, dropping by $300 million to just $1,024,430,728.

On the other hand, the official sponsor of the tournament ranked 30, Altcoin Algorand (FIFA), It is trading at $0.247751 to me Queen Gekko. Interestingly, Algorand (ALGO) hit the dirt on the opening day of sporting’s biggest event. The market price for ALGO is 13% in the red over the past 24 hours, for a total weekly deficit of 5.8%. Ultimately, it is part of a strong downtrend, eg Central Charts indicate.

With the FIFA 22 World Cup in the center of attention, the controversy surrounding the major sporting event could have a significant impact on the prices of football-related cryptocurrencies.

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