BOOM Talks 9 Recap: Will The World Cup be the Last Crypto Opportunity in 2022?

7 min readOct 19, 2022

The biggest cryptocurrency event of 2022 is undoubtedly the ETH merge. But I bet you’re probably tired of hearing about it. So with only about 3 months left in 2022, what narratives will the market get excited about? Without a doubt, the upcoming World Cup in Qatar. Recently the soccer-related crypto sector has become active as the World Cup approaches, with CHZ, the native Token of sports fan economy service platform Chiliz, up 200% in the past three months.

The World Cup holds once every four years, how to be one step ahead and seize the only investment opportunity left in 2022? Let’s find some gems in this talk💎

🎙️ Host

OCG: OCG capital founder, investor, sports fan

🤹‍♀️ Guest
Dai Xiexie: Crypto influencer
Darren: Crypto investor & Gamefi lover
Da Shuai: Early world cup evangelist

Full episode: https://twitter.com/boomapporg/status/1575103530205151233?s=20&t=7jmBdhEkmnWMAJFPN59aLg

Q1: Is it a good opportunity to buy World Cup tokens now?

Da Shuai: In this industry, you first need to be clear about what this place is. In fact, it is similar to a casino with gambling properties. We must pay attention to what the head is doing, such as Binance. Binance is very interested in this piece of investment, such as CHZ, and has issued 5 or 6 fan tokens such as LAZIO, PORTO, and SANTOS on the BSC chain(IEO). The current Qatar World Cup cost over $200 billion to host, and the total value of the entire soccer industry is about $1.44 trillion. So under this logic, I think as long as even 1% is converted, it is enough to pull up these World Cup tokens. Now the World Cup token market value of the highest SANTOS is only 100 million dollars, while other small tokens are only a few tens of millions of dollars. As long as there are hotspots, investors and exchanges will go to this track and participate. One of the obvious features of bear market is that it is impossible for all tokens to go up because there is no enough money. So what we have to do in the bear market is to invest in 1 or 2 tracks that are likely to be the hottest in the future. And don’t forget to learn from those big dealers.

Q2: Compared to the 2018 World Cup, many people say the market is too bearish and may not reach the heights of the last round. What are your thoughts or expectations on this?

Darren: I think the whole market is actually in a vacuum after the interest rate hike. In fact, the whole capital and market maker needs to build up momentum when the market is relatively cold. At present, the biggest hotspot now may still be the World Cup. So I think this piece is definitely the mainstream of the whole October, or even to November, this is my view of the market.

Dai Xiexie: Although the overall market is really not very optimistic from the macro point of view. As long as the dollar strength has not peaked, all assets should be in a downtrend. I have observed about many GameFi that have received several million dollars in funding, they are all relatively taking no action at this moment. Although neither the society nor the project performance is optimistic, this is not the case in the World Cup. On the one hand, it is similar to what Darren just said, because the whole cryptocurrency market definitely needs to have hotspots to speculate, which is one thing that meets the interests of all parties. On the other hand, you don’t see some other new hotspots with high consensus for now except for the World Cup.

Q3: Cryptoslam shows that the total volume of Fan Token has exceeded $100 billion. What is Fan Token? What is the value of the Token?

Da Shuai: At this stage, you can think of it like our traditional membership mechanism. You own the token and be a member of them, and you can own the NFT or some voting rights. But I think this must not be the final form of token and club combination. Other more appropriate ways will definitely be derived in the future. As for how to choose, like I said at the beginning, we must play with the most powerful and established people in the industry.

Darren: From the specific fan tokens, for example, CHZ and Binance and some other name brand products have already had some momentum. CHZ is now up 3 times compared to the bottom, and SANTOS is even more. First, this will bring exposure and fomo, especially since the next day after the rate hike SANTOS pulled almost 50%. All the exposure and money are waiting for this moment.

In addition, people always say that buying the new instead of the old. First of all, the new concept will be more popular so we have to pay more attention. Secondly, if there are no hot spots, the whole market is actually very boring. So I think it’s important to look at the movements of the exchange. Pay more attention to their official Twitter, official announcements, and so on. From this piece investors and ventures can realize, they can also go to participate in GameFi projects, because the whole market value of this piece is pretty low now. For them to create some fomo, and pull up the token prices, the cost is not very high. One thing we should know is that when people start to fomo, it is already a dangerous time.

The last point is that no matter which fan token it is now, I think they have almost no economic relationship with the soccer club, and their value will return when the wave of fever goes down.

Q4: Speaking of risk control, how much position do you recommend taking to invest would be better? Or do you have any insights on fan token investment?

Da Shuai: We must not follow our own psychology when investing, because investment is originally an anti-humanity thing. I think investors should be fierce when they should be fierce. What I mean is that any industry, especially in crypto, is very risky. You can only say that the relative control and investment must be anti-human nature. Do not add wave after wave, either shuttle in, or do not play.

Dai Xiexie: In fact, there are also some opportunities in the primary market. For example, the sports type GameFi can take advantage of the World Cup opportunity to have a good start; quickly get the topic and through some iterations of the GameFi model. GameFi can also cooperate with some betting play, maybe even at the end of November and December of the World Cup, that’s when the real hotspot, this is one of the ideas of my analysis.

Q5: If only one token or project was recommended, what would it be?

Da Shuai: This question is actually very broad, because each person’s situation is different. For example, the difference in each person’s capital determines the different ways of investment. If you have a lot of capital, you can choose a relatively stable one like Binance, OK, etc. If you have a small capital, you can invest in some projects that have not been discovered yet. If you are afraid of losing money then do not come in, this is a market that eats people without spitting out bones.

Dai Xiexie: In fact, this World Cup is the last one for many superstars, and their influence is very big. I think there are still a lot of opportunities here. My advice is to keep an eye on the primary market, to see the project parties’ capital and their partner communities. Another suggestion is that I personally spend 70 to 80 percent of my time resting. There are still opportunities in this market now, but they are relatively small, unlike the bull market. The crypto market is more physically demanding, especially when you play a few years a little older and find your body can’t take it. So in this time period, exercise more and stock up on funds to prepare for the bull market.

Risk warning: Cryptocurrency investment is really high risk, if you don’t understand please don’t touch it. Anything mentioned above is not financial advice. DYOR

About BOOM Talks

BOOM Talks is a series of space events started by the official BOOM Twitter, focusing on industry trends and hot topics, regularly inviting celebrities, pioneers and KOL from crypto to share their views and opinions.

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About BOOM

BOOM is a SocialFi platform connecting Web2.0 and Web3.0. Since it was launched in January, the early users have exceeded 100K and Boom has now become the most popular decentralized Crypto Lovers community in 2022.