in

NFT REVIEW NEWS Saudi Arabian-Themed NFTs Surge Following Cup Upset


As it turns out, the worlds of NFTs and professional football share an unshakeable bond. This week, sales in a Saudi Arabian-themed NFT collection surged following the defeat of the 2-time champions, Argentina.

You may not have noticed, but folks worldwide get pretty worked up over the centuries-old game of ‘kick the ball.’ So much so that the results of matches have had a profound effect on vaguely associated NFT collections and fan tokens. 

Dramatic Price Movement

On Monday, footballing giants, Argentina, slid to a surprise defeat against Saudi Arabia. As a result, Saudi Arabian NFTs surged as fans began reaching for their wallets while simultaneously offloading their Argentina fan tokens.

The Saudi Arabian NFT collection, named ‘The Saudis,’ witnessed a massive 387% uptake in trading volumes following the win. While on the flip side, Argentina’s fan token dropped 21% in value immediately after the result. So, as the mightiest test of football on the planet begins to gather steam, expect more wild and unexpected movements in the world of NFTs.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

Image credit via: The Guardian

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

5 NFT Points
Upvote Downvote

Written by NFT REVIEW MARKET

I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.

NFT REVIEW NEWS ApeCoin DAO Launches Marketplace – NFT Plazas

My Crypto Lawyer Sec News Russia to launch national crypto exchange in bid to control digital assets