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Brazil Fan Token Drops 50% Fall in Hours After the Croatia World Cup Loss

On August 25, 2021, the Brazilian Government and the Brazilian Football Federation jointly introduced the BFT, which provided investors and sports fans with access to unique benefits.

After Brazil’s heartbreaking loss to Croatia in the penalty shootouts during the FIFA World Cup, the value of the Brazil National Fan Token has dropped by approximately 56% in the past 24 hours.

On August 25, 2021, the government of Brazil and the football federation of Brazil launched BFT with the intention of providing unique and privileged experiences to investors and fans of sports around the world.

If a fan has a larger number of tokens in their wallet, they will have the opportunity to cast a vote on the music that is played in the stadium, sign a shirt, and even travel with the team if they make it to a final.

On September 29, 2022, BTF reached its all-time high price (ATH), which was $1.53. This occurred before the world cup. However, as a result of the team’s defeat and the absence of any upcoming Brazil matches in the near term, investors appear to have given up hope in the token, as the recent price drop demonstrates.

As this article is being written, the price of BTF is currently $0.091049103780, and its 24-hour trading volume is $252,882. The quantity of BFT coins that are actually in circulation is 30 million, while the total supply is 100 million.

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