Following a period of market uncertainty, the SC Internacional Fan Token (SACI) has demonstrated remarkable resilience, surging nearly 38% in value.
This impressive rally comes amid broader cryptocurrency market fluctuations, highlighting the token’s strong community support and market interest.
Price Action Shows Strong Support Despite Limited Trading Volume
This move reveals a striking upward movement, with SACI climbing from approximately $0.32 to reach $0.4439. The most notable feature is the sharp vertical ascent that occurred around the 13:04 mark, followed by a period of sustained stability at the higher price level.
After the initial surge, SACI has maintained relatively steady trading around the $0.45 mark, though showing a slight decline in recent hours. The token’s performance is particularly noteworthy given its modest market capitalization of $294,059 and limited circulating supply of 660,000 tokens.
The sustained price level above $0.44 could indicate strong holder conviction and limited selling pressure, despite the broader market’s recent volatility.
Since their introduction by Chiliz, Fan Tokens have become the leading digital assets in the sports world. With over 2 million wallets, Fan Tokens are the go-to tokens for fans everywhere.
More than 70 teams have launched Fan Tokens, such as Manchester City ($CITY), FC Barcelona ($BARCA), and Paris Saint-Germain ($PSG). This way, they have new ways to engage with their supporters through Socios.com.
Fan Tokens can be traded on Kayen, a Fan Tokens-focused exchange, and they are listed on several exchanges. Binance has joined the movement by creating Fan Tokens for major teams such as Lazio and Santos.