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Fan tokens have been seeing a major rise in popularity lately, as the start of the FIFA World Cup 2022 draws close. However, one project, in particular, seemingly performed better than most others. Lazio Fan Token saw a massive price surge of over 20% in the last 24 hours, reaching the height of $5.5.
The question now is whether it can surge up and make a 10x growth to hit $50 before the World Cup starts.
The FIFA World Cup 2022 approaches
The crypto industry is seemingly finally starting to move away from the bear market that has been dominating the industry since last year’s November. After almost a full year of price drops, the situation is taking a turn for the better, and there are many things happening right now that are preparing the market for a surge.
Memecoins have been skyrocketing following Elon Musk’s purchase of Twitter, and with the World Cup 2022 approaching, Fan Tokens have also been showing extreme potential. As most people likely know, the 2022 FIFA World Cup is starting in less than a month, on November 21st, and it will be the first winter edition in the history of the competition.
As a result, the most trusted fan tokens have surged, and Lazio Fan Token — a fan token created by Binance — skyrocketed from $4.12 on October 30th to $5.50 on October 31st. The popularity of the World Cup makes it easy to understand why the fan tokens are skyrocketing, and the only question now is — how high can they go?
Lazio Fan Token achieves a low-risk analysis
Following the entire year of price crashes with moments of fragile stability in between, investors are still very skeptical towards cryptocurrencies, despite the fact that the market is seemingly seeing a positive turn. This is why InvestorsObserver did research on a number of cryptos to try and determine their risk level, and according to their analysis, Lazio Fan Token comes with very low risk.
What this means is that Lazio is met with a lot of money flowing in and out, as low-risk coins are very unlikely to have their prices manipulated. Combined with high potential to bring rewards, this provides an excellent opportunity for the token’s fans.
Where is Lazio Fan Token going from here?
Despite the low-risk rank of the token, Lazio is still a cryptocurrency, and as such, it is still subject to volatility. Following its recent surge to $5.5, the token has already corrected to $4.92 at the time of writing. While this still puts it 16.93% above its price 24 hours ago, the volatility has to be accounted for by any trader or investor.
As for where the price is going from here, as always, there are no certainties. However, the price movement has happened simultaneously with a change in volume, which dropped below average levels. Meanwhile, the market cap has surged to $48 million. In the last 24 hours, around $57.9 million worth of the token has exchanged hands. For the most part, LAZIO price predictions are still unclear, and the opinions differ. PricePrediction.net expects an upturn towards $7.7 by the end of the year, while WalletInvestor expects an even better performance where the token will close the year with a price of $10.7. TradingBeast, on the other hand, expects the price in November and December to remain where it is right now, with a possible small drop in January 2023.
Alternative investments
Apart from Lazio, there are other good investments out there to consider, such as Tamadoge, a memecoin developed to be a mix of a meme cryptocurrency and metaverse. The project offers the ability to purchase Tamadoge pets, breed them, train them, and battle others in order to win cryptocurrencies, thanks to its P2E model. The project has been skyrocketing by over 20% recently, which has been the case with other memecoins as well, likely caused by Musk’s finalization of the Twitter purchase.
Alternatively, another extremely popular coin as of late is Dash 2 Trade (D2T), which is in the middle of a presale right now. The token is a part of the platform that offers price predictions, trading signals, and all kinds of notifications, indicators, and alike, all highly necessary for crypto traders and investors.
As mentioned, the token is holding a presale, and it has already sold two-thirds of its supply, raising #3.49 million out of its $5.16m goal.
Related
- 10 Best Football fan tokens
- Fan Tokens: Keep These 5 Cryptos in Your Watchlist
- Best Soccer Fan Tokens to Invest in 2022
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