With the end of FTX and the continuation of interest rate hikes, the encryption world has ushered in a huge haze, but we always believe that opportunities are often born at this time. As the quadrennial World Cup market is approaching, it may be a good choice to lay out the World Cup section in advance.
The 2022 Soccer World Cup will be held in Qatar and an estimated 60% of the world's population will follow it through online and offline channels. Regardless of the Fed’s policy in November, this will inevitably bring a wave of major attention. At that time, the surge in the encryption industry related to the World Cup may also bring a wave of myths about getting rich. Superimposed with the topic of the World Cup itself, it may greatly stimulate the current downturn in the economy.
In fact, as early as August, the relevant sectors have been launched, but we have reason to believe that the real surge will occur during the World Cup. This may be the last carnival this year since the upgrade of Ethereum and Musk's purchase of Twitter.
Although there is currently no significant evidence to prove the relationship between the football club's huge fans and the football fan Token itself, the fan Token is based on Binance We have enough reasons to believe in Binance's forward-looking vision. Not now, but with the holding of the World Cup and the wealth effect of encryption, will it attract tens of millions of football fans to join? This is possible, and once it happens, the market value of tens of billions is also possible.
Fan Token has features such as democracy Mechanisms such as voting governance, NFT peripheral issuance or task rewards, but in general they are more like specific Meme coins, lacking a clear derivative environment. There are many types of fan tokens, and there are only ten according to the relevant statistics of Binance (see picture). At present, their market value is only 10-20 million US dollars, and there is a lot of room for growth. We believe that there will be a general rise in the market, but if there is no strong news, it may be difficult for funds to focus.
In addition, Chiliz is a fan token, there is no independent official promotion and official website, and the connection with the club itself is not strong. Although in the long run, if tens of millions of fans from various clubs can pour in, the prospects are quite promising. But at present, I am afraid that fans of various clubs do not even know that these Tokens exist. This means that its price growth still depends on the limited stock game in the industry.
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There are two ideas in this section. Funds are invested separately in each fan Token; in the general market, some Tokens that have achieved news effects may have very excessive returns;
The other is to focus on Chiliz, which is different from other fan tokens. As a Token that survived the last round of bear market, Chiliz The roadmap planning and practice of the platform are very solid, and it can even be called "the mother currency of fans". In contrast, Chiliz's current market value is relatively high, and the degree of independent operation of the Chiliz sub-token and the linkage with the club itself are still quite limited.
This section is most likely to land and create in Web3 100 billion US dollars level agreement income. With the maturity of DeFi protocols such as AAVE/uniswap, we must seriously discuss the transition of forecasting products from Web2 to Web3, and there are currently no obvious phenomenal products on this track. Forecasting track is the most popular financial product of Web2, and we have reason to believe that Web3 can do better. If 20% of the forecast market of Web2 is replaced by Web3 in the future, it may be a track with a protocol revenue of up to 100 billion U.S. dollars, and its project valuation is unlimited.
There is no shortage of concepts and stories on this track. As far back as the World Cup in 2017 and 18, a large number of cryptocurrencies that tell related stories have emerged, and they have even survived to this day ( WICC/SOCZ), micro-cryptocurrencies with the theme of predictions are emerging on Twitter every day. But most of them are basically still drawing cakes and shaping concepts, lacking in pragmatism and innovation. In analogy, just like Uniswap uses the AMM model to stand out among DEXs, we must evaluate decentralized prediction products from a pragmatic and innovative perspective.
From a pragmatic point of view, the more typical target is BETDEX. BETDEX is a decentralized gaming startup with a $21 million round led by FTX and Paradigm last November. After a year of operation, the beta test has been started. Therefore, although it is not sure whether there will be Token released during the World Cup, participating in the interactive ambush airdrop is optional. Regardless of whether it can catch up with the World Cup market, BETDEX is a project worth participating in. However, with the black swan event of FTX, we cannot assess how much BETDEX will be affected, and whether its subsequent development will suffer major setbacks. But fortunately we don't have to invest real money, so it is still optional (hope it won't die suddenly).
The two projects worth participating in the prediction section are airdrops, so the cost is extremely low and the potential The returns are extremely high. Although BETDEX does not have a clear Token issuance plan, it is worth participating in the test betting non-stop. The risk is that it will be affected by the thunderstorm of FTX; dewin.bet is airdropped, so it is enough to actively invite mint NFT to upgrade, and maintain continuous attention and invitations It is a good choice for us to fight against the bear market.
Here mainly refers to the platform currency. At present, exchanges including Crypto.com, Binance, OKEX, FTX (goodbye), Bitget, etc. have arranged, sponsored, or posted advertisements at important display locations around the World Cup in Qatar. Among them Crypto.com is the core sponsor. Although the transaction amount was not disclosed, Crypto.com signed a sponsorship agreement of US$700 million to sponsor the Lakers last year, and I believe that the sponsorship amount to FIFA will not be less.
1 CRO (Crypto.com): Different from fan coins or other Platform currency, as a core sponsor of FIFA, the advertising exposure of Crypto.com may be more conducive to new traffic flowing into Crypto.com (CRO), because the traffic guidance will be extremely direct. The current price of CRO is US$0.09, which has fallen by 90% from its high in November 21. It is currently in a downturn. Although the market value is still high, many risks have been released. It is worth noting that, as a trading platform itself, Crypto.com’s trading volume has been greatly affected by the impact of the bear market, and its own trading volume has dropped significantly, and its fundamentals may not be able to support its market value.
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2 BNB (Binance): Compared with CRO or FTX's traditional contract sponsorship route, although Binance is also deeply involved in sports projects, But in comparison, CRO/FTX is "joining sports", while Binance is more like inviting sports to "join Crypto", and as the most beautiful token in the FTX thunderstorm incident, we are still optimistic about it in the long run.
3 OKEX/BITGET/HUOBI/...In general, I think the World Cup market is very important for the platform The benefits of Token are second only to the hotspots of the corresponding sections, because for new users who may be added every 4 years, the major CEXs are always the first objects they contact, and they are also the ones exposed by the competition venues, and the corresponding traffic is imported into the platform currency. May be the first to benefit. For example, Bitget, which signed Messi, may have greater growth if the exposure is in place. Here is a mention of FTT, try not to touch it, but it does not rule out returning to the light.
In the platform currency holding part The part of CRO and HT can be appropriately added in the market. I think these two targets are suitable for speculation.
According to my personal trading model, I generally don't participate in Meme market. But perhaps this is the most overlooked part. The world is full of unexpected events, and in such a global event as the World Cup, there may be a sudden explosion of Meme growth beyond imagination.
in It is not recommended to make any presuppositions and assessments in this field, just pay attention to any possible topical events and follow up in time, and actively participate with small capital investment.
This article is from a contribution and does not represent the opinion of Rhythm BlockBeats.
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