The 2022 World Cup is fast approaching. As criticism of host country Qatar continues, more and more fans are eagerly awaiting the start of exciting matches at the world’s biggest sporting event. Blockchain-based projects will also be able to take advantage of the World Cup in the coming weeks. Which cryptocurrencies can get a boost from the World Cup in the future?
In this article, we want to introduce 3 cryptocurrencies that could greatly benefit from the upcoming FIFA World Cup.
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Can cryptocurrencies benefit from the 2022 World Cup?
The 2022 FIFA World Cup kicks off in Qatar on Sunday. In the opening match, the host country hosts Ecuador. The big event will take place over the next 4 weeks and will end on December 18 with the final.
The World Cup is known as the biggest sporting event in the world. Despite criticism from the organizer, anticipation and attention for the tournament is slowly growing in Germany as well. A football World Cup is always a huge advertising space for sponsors. The 2022 World Cup could be the first major tournament where crypto projects can attract massive attention.
Because there are now many projects and cryptocurrencies that are either active in the field of sport or work with official bodies of the World Cup.
Can the prices of certain cryptocurrencies increase following the 2022 World Cup?
Over the past 2 weeks we have seen massive losses across most cryptocurrencies due to the FTX implosion. Overall, the crypto market is going through a crisis of confidence. For some projects, the 2022 World Cup can now be a growth accelerator.
Due to the increased attention, the prices of some cryptocurrencies may increase in the coming weeks. This could give these coins a new boost, especially after the crash of FTX, which they could carry until 2023.
Which cryptocurrencies will benefit the most from the 2022 World Cup?
Below we would like 3 cryptocurrencies imagine who could benefit particularly strongly from the 2022 World Cup. Therefore, an investment in these projects should definitely be considered.
1.Chiliz (CHZ)
The Chiliz Coin is a so-called fan token based on the Ethereum blockchain. It belongs to the socios.com website. Socios is a fan engagement platform where users can purchase specific fan tokens as well as NFTs.
As the biggest sporting event in the world approaches, Chiliz in particular should benefit greatly. Over the past few weeks, the price of Chiliz has already risen more strongly. The price was even able to recover almost to the value it had before the FTX crash.
2. Algorand (ALGO)
Algorand is a blockchain project that has become known primarily for its environmental friendliness and sustainability. Moreover, the blockchain is also the official partner of FIFA.
Hailed as a “green” blockchain, the cryptocurrency has numerous international partnerships, including the World Football Association. World Cup projects include a FIFA wallet and FIFA NFTs.
3. Chronos (CRO)
The Chronos coin is known as the old Crypto.com coin. The crypto exchange behind CRO is currently facing a lot of investor mistrust following the FTX crash. In this article, we took a closer look at the subject.
However, Crypto.com is also an official sponsor of the 2022 World Cup. The platform is thus extending its partnership strategy with major sports teams and sporting events. The Chronos Coin could also benefit from it in the coming weeks.
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