Argentina Fan Token™ ($ARG) Gains 12.4% After Back-to-Back Token Burns

Lionel Messi’s genius powered Argentina to a 2-0 win over Austria, and the subsequent burn of $ARG treasury reserves may have accounted for a sharp 12.4% rise in the token’s value.

The Argentina Fan Token™ ($ARG) is one of six assets subject to results-driven burn dynamics, yet it’s the only one that has triggered burns in two consecutive games.

How Win Burned $ARG and Increased On-Chain Momentum

Messi was instrumental in the win over Austria, at the center of a performance that triggered a 1% burn of Argentina Fan Token™ ($ARG) treasury reserves.

While the earlier 3-0 win over Algeria had caused 13,426 $ARG tokens to be burned, the Austria result burned a further 13,292. Priced at $0.232 before the latter match, the Fan Token™ rose to a daily peak of $0.261 hours after full-time (+12.4%).

Although $ARG subsequently lost steam, its value is still 14.1% higher than it was on June 18, the day after the Algeria game.

That opening Group J encounter saw Messi deliver a masterclass, scoring a hat-trick to draw level with Miroslav Klose as the all-time record World Cup goalscorer. Against Austria, he set aside the disappointment of missing a first-half penalty to score in each half.

A decade after announcing his retirement from international football, 38-year-old captain Messi is rolling back the years, having scored five goals in two games as Argentina aim to defend their title.

Can Messi extend his goalscoring record against Jordan on June 28? If so, and if the holders win, another 13,159 $ARG tokens will be destroyed. While Jordan have no prospect of advancing in the tournament, Argentina have already been confirmed as Group J winners.

Can Argentina Go All the Way?

Although European champions Spain ($SPAIN) were many pundits’ pre-tournament favourites, their 0-0 draw with Cabo Verde has shifted the focus of some to holders Argentina.

The impression that Argentina can retain the title they won in 2022 has only been nourished by evidence that their star man, despite turning 39 before the Jordan match, is still in fine fettle.

A University of Reading simulation that modelled every World Cup match 10,000 times to produce probability estimates for each country suggests Argentina are the most likely team to win the tournament. And the modelling was done before Messi scored five goals in two games to smash the goalscoring record.

Ronnie McCluskey: Fan Tokens™ Market Reporter