Canadian rapper Drake misplaced his Bitcoin wager once more after Argentina defeated Canada 2-0 within the Copa America semi-finals. Following the win, Argentine Soccer Affiliation (AFA) fan tokens soared by greater than 40%.
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Bitcoin wager misplaced: Is the “Drake Curse” occurring once more?
Drake took to Instagram on Monday to share the information of his wager on the Argentina nationwide soccer group. Earlier than the sport, the rapper positioned a $300,000 wager in Bitcoin that Canada’s nationwide soccer group would defeat the World Cup champions 1-2.
Drake additionally teased Argentinian followers: “This would possibly get Messi.” If it involves fruition, the Canadian rapper will obtain $2,880,000 in Bitcoin.
Canada superior to the semifinals after defeating the event’s openers, the Venezuelan nationwide soccer group, in a penalty shootout. In the meantime, the present World Cup champions additionally defeated Ecuador in a penalty shootout.
Drake’s wager failed after Argentina knocked Canada out of the Copa America. After the win, the AFA social media account slammed the rapper utilizing Kendrick Lamar’s diss tune “Not Like Us.”
Nonetheless, this isn’t Drake’s first wager on Bitcoin. Soccer observers and the cryptocurrency group joked that the “Drake Curse” continued after the loss. The Canadian rapper has a document of dropping a whole lot of hundreds of {dollars} on sports activities betting and “cursing” the groups the present helps.
Nonetheless, the rapper additionally made income from his cryptocurrency bets. He used $1.15 million in Bitcoin to again the Kansas Metropolis Chiefs to win this yr’s Tremendous Bowl. The victory netted the flagship cryptocurrency $2.35 million.
ARG fan token surges 40%
One other winner is the Argentinian Soccer Affiliation Fan Token (ARG). The token carried out properly after Argentina superior to the Copa America finals.
ARG’s worth confirmed crimson numbers forward of the sport, with the token buying and selling at $1.13 on Tuesday afternoon. This efficiency represents a decline of 4.4% and 4.8% on the day by day and weekly time frames respectively. The coin’s worth can also be down 35.6% from the earlier month.
After Argentina defeated Canada, the day by day buying and selling quantity of fan tokens surged 227%, with a buying and selling quantity of $5.2 million. In line with CoinGecko information, earlier than the sport, ARG’s buying and selling quantity was roughly $1.4 million.
ARG surged 41% on Wednesday morning, briefly touching the $1.60 mark earlier than retreating. As of this writing, the coin worth is hovering between $1.55 and $1.59.
Current efficiency exhibits will increase of 35.7% and 120% on the weekly and annual time frames respectively. Nevertheless, the ARG fan token remains to be down 81% from its all-time excessive (ATH) of $9.1 throughout the 2022 World Cup.
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Likewise, the Spanish Nationwide Soccer Staff Fan Token (SNFT) is up 10%. Spain knocked France out of the European Cup on Tuesday with a 2-1 scoreline. Consequently, SNFT traded from $0.023 to $0.026. Relying on the end result of their respective group finals, each tokens might even see additional optimistic worth motion.
Featured picture from Unsplash.com, chart from TradingView.com
