5 months ago
28 ARTICLE AD
Despite having the purpose of connecting fans and teams, the fan tokens displayed an interesting correlation with teams’ results during today’s Champions League match.
Paris Saint-Germain (PSG) qualified for the UEFA’s Champions League semi-finals after beating Futbol Club Barcelona 4-1. Not only are PSG fans satisfied after the positive result, but PSG fan token investors alike, as the asset soared up to 23% during the match.
Barcelona beat PSG in the first quarterfinal game 3-2 and started winning today’s game with a goal scored by Raphinha. PSG fan token slipped 2% after that, reaching $4.32 a few minutes after Barcelona took the lead.
However, Dembélé tied the score before the end of the first half, prompting an upward movement in PSG’s token. The price peak of the last 24 hours, registered at $5.31, was reached after Mbappé shot a penalty kick and scored the third goal for PSG, taking the match to 3-1 in favor of the French squad and 5-4 in the cumulative result.
PSG fan token price in the past 24 hours. Image: CoinGeckoMeanwhile, Barcelona’s fan token has slumped 12% since the middle of the match, priced at $3.02 at the time of writing. Both tokens are issued by Socios.com, a service provider that bridges sports teams into the blockchain industry using its own infrastructure, the Chiliz Chain.
Fan tokens are assets used for interactions between fans and their favorite teams, giving holders the possibility to vote in team decisions and get VIP access to matches and events, according to Socios’ website.
Today’s price movements following both teams’ results revealed an interesting speculative feature found by investors.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
