Alanyaspor ($ALA) Spikes 19% Amid Turkish Fan Token Resurgence

Alanyaspor was among the leading Fan Tokens registering significant gains on Thursday, Aug. 21, amid a week in which numerous Turkish Fan Tokens have shown signs of growth.

In the past week, Göztepe S.K. ($GOZ), Trabzonspor ($TRA), and Samsunspor ($SAM) have all shown signs of upward momentum. 

Turkish Fan Tokens Rise on Chiliz-Paribu Partnership

The sudden resurgence of Turkish Fan Tokens also coincides with the announcement of a working partnership between the creators of Fan Tokens, Chiliz, and the Turkish cryptocurrency exchange, Paribu. 

“This partnership brings together two strong, innovative players in their respective markets,” said Yasin Oral, CEO of Paribu. 

“Paribu has established itself as a leader in Türkiye’s crypto landscape, and working together enables us to better serve one of the most passionate sports markets in the world,” said Alexandre Dreyfus, CEO of Chiliz.

Under the terms of the partnership, the Paribu Net blockchain will merge with Chiliz Chain to unify and supercharge Fan Tokens, as well as the broader SportFi market in Turkey. 

Read the full story on the Chiliz-Paribu partnership here.

Alanyaspor Tops Market with 19% Growth 

The Alanyaspor Fan Token ($ALA) was one of the market leaders on the day, recording 19% growth over a matter of hours. 

From a starting point of $0.037, the token climbed to a peak of $0.044, marking 19% growth – before the slightest of fallbacks to the $0.043 range.

The token had risen and fallen within roughly the same range throughout the past week – recording 8% gains before falling back. Trade volume stayed within the $20,000 – $40,000 range throughout the day.

$ALA has been on the rise for much of the summer. Since early June, the token has recorded 53% growth.

Greg Thomson: Fan Tokens Market Reporter