Cryptocurrencies have permeated several industries, from retail to travel, entertainment and finance. It has transformed how transactions are completed, money is stored, and investments are made.
For example, gambling sites in India, the UK, and other countries where online sports betting is regulated, accept cryptocurrencies to fund a user’s account. Or, consumers can buy gift cards with crypto which can be redeemed at restaurants and retailers.
And the world of sports has not escaped crypto either. Sports-themed cryptos, called “sports coins” (but can include coins, tokens, or other digital assets) are bringing in revenue to sports clubs and teams while allowing fans to engage more closely.
Here are the top five sports coins for 2024 based on market cap and innovation.
Market cap: $981,887,297
Price: $0.66
Flow is a high-performance blockchain built for modern apps, games, and digital assets. It was created by the team behind CryptoKitties, NBA Top Shot, and Dapper Wallet. Flow stands out as a layer-one blockchain that prioritizes user experience.
Its native token, FLOW, drives the network by acting as the main payment method and reserve asset. Validators, users, and developers rely on FLOW for transactions, earning rewards, and participation in governance, positioning it as the key to Flow’s borderless digital economy.
Market cap: $623,589,182
Price: $0.07
Chiliz revolutionized fan engagement in sports and entertainment by powering the Socios.com platform. This blockchain-based token enables fans to purchase other branded tokens from teams like Paris Sant-Germain, Juventus, and FC Barcelona.
These tokens allow fans to weigh in on the team’s decisions, access promotions, and earn rewards. Chiliz has redefined how fans interact with their teams, creating stronger connections between sports organizations and their fanbases.
Market cap: $51,302,577
Price: $0,01
Sweat Economy merges blockchain technology with fitness by rewarding users with tokens for physical activity.
By incentivizing healthy lifestyles, the platform encourages users to get moving and receive tangible rewards when they exercise. Sweat Economy has a growing user base and is busy forging a unique connection between fitness and cryptocurrency while expanding widespread blockchain adoption.
Market cap: $32,235,284
Price: $2.67
The Paris Saint-Germain Fan Token (PSG) encourages fan engagement through blockchain technology. Token holders can partake in club decision-making and access exclusive opportunities.
PSG is also part of the Socios.com Fan Token ecosystem, and the tokens offer unique perks, like voting rights, VIP experiences, and entry into exclusive contests.
PSG’s Fan Token shows how blockchain can be used to connect football clubs and their global fanbase.
Market cap: $21,341,085
Price: $5.17
The OF Fan Token caters to fans of OG Esports, a household name in the world of competitive gaming, especially Dota 2. OG is known for back-to-back wins at The International in 2018 and 2019, and has since expanded its presence with Fan Tokens to increase fan engagement.
Token holders enjoy benefits like voting rights, rewards and VIP experiences, showing how crypto has transformed even the Esports world.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.