Crystal Palace Fan Token ($CPFC) Climbs 14.7% Ahead of Potential Top 4 Return
Anticipation appears to be building among Crystal Palace fans as the value of the Crystal Palace Fan Token ($CPFC) climbed 14.7% on Tuesday, Nov. 18, ahead of the weekend’s upcoming game against Wolverhampton Wanderers.
Crystal Palace currently occupy 10th spot in the English Premier League, while Wolves are rooted to the bottom of the table. Given how tight things are in the top half of the table, a win for Palace could propel the team back into the top four.
Crystal Palace Fan Token ($CPFC) Gains 14.7%
The value of the Crystal Palace Fan Token ($CPFC) increased by 14.7% on Tuesday, Nov. 18 – climbing from a spot price of $0.044 to $0.05.
Pulling back to the monthly view, we see that the value of the $CPFC token has increased by 19.9% in that time.
The token’s quarterly performance is even more encouraging. From a valuation of $0.033 back in early September, the token’s current price of $0.05 amounts to gains equalling just under 45%.
The connection between football Fan Tokens and the on-field success of their teams was exemplified no better than by the $CPFC token in recent times.
Stretching back to the end of last season, Crystal Palace recorded a 12-match unbeaten run in the English Premier League – and 19 matches in all competitions.
During the same time period, the value of the $CPFC token followed the performance of the team, recording 146% growth for as long as Palace remained unbeaten.
Therefore, when Palace’s unbeaten run finally came to an end against Everton on Oct. 5, the value of the $CPFC token plummeted – dropping 43% in the week immediately following the loss.
Palace’s Opportunity to Regain Top 4 Spot
Perhaps the prospect of securing a win in the upcoming match against Wolves is why $CPFC kickstarted a resurgence on Tuesday.
After occupying the top spots in the table for much of the early season during their unbeaten run, Palace had since dropped to 10th in the table.
However, given that this weekend’s opponents Wolves are currently on a terrible run of form and are rooted to the bottom of the table, all the odds favour a Crystal Palace win.
Palace have won just one of their last five games, but should they win against Wolves this weekend – and other fixtures go their way – Palace could immediately jump into 4th once again.
Greg Thomson: Fan Tokens Market Reporter
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