Although there has been a tremendous amount of turmoil in the crypto market, there are plenty of lesser-known tokens that have turned their holders rich after an astronomical rise in just a 24-hour time period.
One of the best examples of this would be the Qatar 2022 Token, designated for the upcoming FIFA World Cup that is presently going to be hosted in Qatar next November.
The Qatar 2022 Token has truly been a heavy hitter, spiking as much as 3,130 percent within this time period. This token has zoomed to $0.000000000323 from $0.000000001 as of Friday, according to data on the coinmarketcap platform.
The implications of this are tremendous, meaning that this token had an investment turnaround from Rs 10,000 into Rs 3.23 lakh within the brief time period of just 24 hours. They only just launched this token in the last couple of days, according to the data.
This means that many of the market prices for these investment tokens are only set to rise in the future.
In this case, the underperformance of HDFC Bank makes the token attractive. Should you buy this token or wait a bit? That’s a good question, and it’s generally contingent on current events such as the pandemic. While this couldn’t stop the dream run of this token, there are plenty of other things that could put a damper on it. Things such as war, inflation, and other uncertainties could spoil the meteoric rise.
The last 24 hours have seen this token register a rise of 1,400 percent in volume with some of these coins even worth as much as $5.5 million when they changed hands. In this case, the coins would have a total market cap of at least $33.7 million.
The complete and maximum supply of this Qatar 2022 token has a ceiling of at least 200,000,000,000,000,000 FWC and the current holding supply is holding steady at 99,712,041.00B FWC, at the time of writing this report.
Qatar 2022 Token is just one of many projects that has been created with the aim of bringing football and crypto together so that users would have an easier time entering the world of crypto sports.
FWC has made its mark as a BEP-20 token designated as a way to buy tickets to the World Cup, placing bets, participating in various lotteries, and booking hotels.
Football-related tokens continue to stay on the radar due to the United Kingdom announcing sanctions against Russian oligarchs including Roman Abramovich, the current owner of the Chelsea Soccer Club.
As a binance smart chained digital currency platform, Qatar 2022 Token distinguishes itself because it allows users to not only create their digital currencies but also maintain total safety and security.
Indeed, major football clubs such as Barcelona and Liverpool are the latest entrants in the NFT arena and they present a rising charm to many potential investors, and this is no accident.
Moreover, the Qatar 2022 Token is riding high on the convergence of both crypto and sports, betting big on the metaverse, NFT, and the rest of the gaming space.