The World Cup is one of the biggest sporting events across the world. During the last World Cup final between France and Croatia, it attracted 1.12 billion total audience, while each match attracted an average of 191 million viewers. This year could potentially top that, and two massive players in the crypto space are the official sponsors of the event! I will be looking at Algorand (ALGO), Crypto.com’s Cronos (CRO) and what this could mean for promising new coins like Rocketize (JATO).
FIFA progresses with Algorand
Algorand (ALGO) is an official partner of FIFA and is a regional supporter in North America and Europe for the World Cup. The low-carbon, low-cost Ethereum rival is also the official blockchain platform for FIFA’s NFT collection: FIFA+ Collect. This is a collection of football’s most iconic sporting moments released as NFTs. Algorand is likely to experience a price spike as more people gain exposure to cryptocurrency through its World Cup affiliations.
Crypto Going as CRO flies up!
Cronos (CRO) is the native token of Crypto.com – the official sponsor of the World Cup! It cannot be said enough how big the crypto space is. For the 2018 World Cup in Russia, there was a combined viewership of 3.572 billion people. More than half of the world’s population aged four and over watches the games. This will provide an immense level of exposure to many people who may have never heard of cryptocurrency before, or those who might be interested but just need a final tap on the shoulder to rekindle their interest. The sponsorship of Crypto.com is likely to lead to a market boom, something desperately needed after the recent crash, and the ongoing bear market.
However, in light of FTX’s collapse, there have been serious concerns with other centralized crypto exchanges. Crypto.com’s financial situation has come under scrutiny as it laid off over 2,000 employees between June 2021 and 2022. There has also been some suspicious activity, Crypto.com recently moved 400 million dollars from Ethereum (ETH) to the “wrong address”. Binance CEO Changpeng “CZ” Zhao said it was a “clear sign of trouble” and should “stay away”.
Although it may be slightly disturbing, Crypto.com’s sponsorship of the World Cup is good news for the entire crypto space, as it will expose many more people around the world to cryptocurrency and his ideals. Provided there is no collapse, it will lead to long-term growth of space. If you’re feeling wary, using another exchange like Binance or Coinbase may be a better option for you.
A Big Bang for your Money: Rocketize
What does all this mean for new coins? Currently, Bitcoin (BTC) has fallen, making this a great opportunity to pick up more before it goes back up again. However, if you were to invest in pre-sale pieces, the earning opportunities are even greater. By buying Ethereum (ETH) or BNB (BNB) while prices are low, you will be able to load many more DeFi coins that have the potential for life-changing earnings. Rocketize (JATO) is one of the newest cryptocurrencies hitting the blockchain, and with deflationary tokenomics, like Bitcoin, the value of tokens will only increase over time. There is an opportunity for astronomical gains, and a speculative investment in Rocketize could send you to the moon as the rest of the cryptocurrency market increases from World Cup exposure.
The sponsorship of the World Cup by Crypto.com and Algorand (ALGO) is wonderful for the crypto space. The mass exposure this will give to the cryptocurrency market will be extremely powerful in increasing interest and therefore driving up prices. Be sure to grab some crypto before kick-off!
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