A Tale of Two Tokens: Aston Villa Win Triggers Man City Decline
It was the best of times, it was the worst of times – for Aston Villa and Manchester City, respectively.
Aston Villa, hailing from England’s second-largest city, overcame Manchester City, hailing from England’s third-largest city, in a 1-0 win that propelled Villa up to 8th in the Premier League – just one point behind 6th placed City.
And while the ramifications of Villa’s win changed the composition of the English Premier League, it also changed the composition of the $CITY and $AVL Fan Tokens, which reacted instantly to the final match result.
Manchester City Fan Token ($CITY) Overview
In the days following Manchester City’s 1-0 loss to Aston Villa on Oct. 26, the Manchester City Fan Token ($CITY) dropped from a peak of $0.761 down to a low of $0.715 at time of writing.
That decline marks a 6% drop for the $CITY token, which is now down 9.8% for the week.
Trade volume remains strong for $CITY, fluctuating between $750,000 and $2 million throughout the past seven days. Binance, Paribu and Pionex were the main venues for $CITY trading on Oct. 28.
Manchester City’s position in 6th place after nine games is in part down to the absence of key lynchpin player, Rodri, whose injury last season triggered a marked decline in City’s on-field performances.
That said, City still managed to qualify for the Champions League, and while the team currently sits six points off league leaders Arsenal ($AFC), one can’t escape the idea that City are a sleeping giant that could wake up at any minute.
Earlier this summer the $CITY Fan Token reached heights of $1.30, buoyed by volume of $56 million.
Aston Villa Fan Token ($AVL) Overview
After a poor start to the season that saw Aston Villa winless in their first six games, the team has undergone a major revival that’s seen them win their last four games, and go unbeaten in six.
Five hours before Villa’s win over City last weekend, the Aston Villa Fan Token ($AVL) was priced at $0.118. Five hours after the final whistle, the token was priced at $0.124, marking 5% gains in the space of a quiet Sunday afternoon.
This season, Villa’s poor performance at the start of the season was mirrored by the $AVL Fan Token, which suffered an up-and-down pattern amid a general decline.
Yet in the past five days alone, the Fan Token price has increased by 10% – outperforming the ~5% gains registered by Bitcoin in the past seven days.
Undoubtedly helped by Villa’s ascendance up the league (they now sit just three points off 2nd), it will be interesting to see how the $VILLA token reacts to the results of Villa’s upcoming fixtures.
Their next game is an away trip to Liverpool, who have now lost their last four games in the Premier League, so there’s every chance that Villa, as the team in form, have a chance to compound Liverpool’s misery.
Greg Thomson: Fan Tokens Market Reporter