Blockchain industry dynamics: According to ChainCatcher, the 2024 European Football Championship kicked off on June 15, however, the performance of football-related cryptocurrency tokens was not as good as expected. 😔

The Block's Sports Token Index shows that these fan tokens that track famous European football teams are one of the worst performing asset baskets on the market this week. 😮

Since the start of the tournament, the index has fallen sharply, and as of publication, the cumulative market value of these tokens has fallen by about 12.8%. 😱 During the same period, the price of Bitcoin fell by 3%, while the price of Ethereum rose by about 1%. 😅

It seems that the combination of football and cryptocurrency does not necessarily bring the expected benefits. 😓However, this is also the norm in the market. There are ups and downs, and we can only try to look at it rationally. 😌