Premier League Fan Token Roundup: Ups and Downs in Matchweek 3
There was more than one major upset in matchweek three of the English Premier League as Man City’s struggles continued, and Tottenham’s bright start to the season experienced its first setback.
Let’s take a look at this past weekend’s results and see if and/or how the Premier League’s Football Fan Tokens reacted.
Brighton vs Manchester City ($CITY)
One of the biggest surprises of the weekend was Manchester City’s 2-1 defeat away to Brighton. This result makes it two losses in a row for City, and fans and neutrals alike will now be looking for a big reaction from Pep Guardiola’s men.
The Manchester City ($CITY) Fan Token spiked 24% on Aug. 29 – two days before the match against Brighton. The token climbed from a valuation of $1.00 to $1.24 in little under 12 hours.
By the end of the match on Aug. 31, the $CITY token had fallen back down to the $1.02 range, giving up almost all of the gains it made just 48 hours prior.
Aston Villa ($AVL) vs Crystal Palace ($CPFC)
Both teams went into this game looking for their first win of the season, and it was Crystal Palace who prevailed with a 3-0 win away to Villa.
The Crystal Palace Fan Token ($CPFC) rose 33% during the past seven days, and continues to climb at time of writing, and the weekend’s win showed no discernable impact on the token for good or ill. Indeed, the $CPFC token has been on the rise for much of the past month.
Meanwhile, the Aston Villa Fan Token ($AVL) increased by a modest 5% in the lead up to the match against Palace, but that short spike did little to reverse the token’s broader 9% decline for the week.
Wolves vs Everton ($EFC)
Wolves suffered their third defeat in three games against Everton as the toffees ran out 3-2 winners away from home.
Two assists from Jack Grealish mirrored last weekend’s performance by the on-loan Man City winger, helping David Moyes’ men secure their second win in a row.
The Everton Fan Token ($EFC) spiked 12.5% on the day of the match – from $0.16 to $0.18 – accompanied by an influx of around $800,000 in trade volume.
However, the token followed a broader market trend that affected several Fan Tokens this past weekend, and by Monday morning the token had fallen back to a valuation of $0.16, wiping out the matchday spike.
Tottenham Hotspur ($SPURS) vs Bournemouth
After two wins out of two for Spurs – including a surprise win against Man City – the North-London club fell to a 1-0 defeat away to a plucky Bournemouth side.
Bournemouth beat Spurs on almost every metric except possession in a well-deserved win which will give new Tottenham manager, Thomas Frank, something to think about going forward.
The Tottenham Hotspur Fan Token ($SPURS) was subject to a similar pattern as Man City and Everton, as a 20% spike carried the token from $0.44 to $0.53. The spike was accompanied by an $11 million influx to trade volume, however, by Monday morning the token found itself priced at $0.43, with all of the weekend’s gains erased.
Liverpool vs Arsenal ($AFC)
Liverpool continued their perfect start to the season at Arsenal’s expense, winning 1-0 at the Emirates Stadium. It took until the 83rd minute for a Szoboszlai winner to seal the win in what was a closely-fought match.
The Arsenal Fan Token ($AFC) gained 5% in the 48 hours leading up to the match, climbing from $0.40 to $0.42, but a sharp decline following the loss left the $AFC token back at $0.40 by Monday morning.
The $AFC token is still up 25% since mid-June.
Greg Thomson: Fan Tokens Market Reporter