Aston Martin ($AM) Leads Formula 1 Fan Token Surge

Aston Martin ($AM) led the Fan Token growth charts on Friday, Sept. 26, closely followed by other Fan Tokens in the Formula 1 racing category.

With five Formula 1 races occurring in the past month, it’s been a busy time of the year for F1 fans and token holders of F1 Fan Tokens. The next race in the F1 schedule is the Singaporean Grand Prix, set for Oct. 5.

Aston Martin Fan Token ($AM) Gains 9.4%

From a daily low of $0.196, the value of the Aston Martin Fan Token ($AM) increased in several spurts across 24 hours, reaching a peak of $0.226 by time of writing.

That represents 9.4% growth for the day, based on fluctuating trade volume that stayed between $250,000 and $500,000. 

Listed on just three exchanges at time being, the majority of trading took place on the Paribu exchange, followed by Gate, and Mercado Bitcoin.

Alfa Romeo Racing ORLEN Fan Token ($SAUBER) Gains 4.7%

Following close behind Aston Martin on Friday was the Alfa Romeo Racing ORLEN Fan Token ($SAUBER), which gained 4.7% across 24 hours.

The token price climbed from a daily low of $0.20 up to a high of $0.23, before falling back to the $0.21 range. 

Trade volume nearly tripled in the 24 hours period, rising from $289,000 up to $800,000, with the majority of trading once again taking place on the Paribu exchange. 

Alpine F1 Team Fan Token ($ALPINE)

The Alpine F1 Team Fan Token ($ALPINE) jumped 7.5% in the early hours of Friday morning, climbing from a valuation of $2.00 up to $2.15. However, since then, the token price fell back to the $2.04 mark.

That leaves the token with 1.7% growth at time of writing. 

Notably, trade volume for $ALPINE far exceeds that of $AM and $SAUBER combined, staying between $8 million and $11 million throughout the course of the day.

Formula 1 Rankings

The other Formula 1 Fan Token – McLaren F1 ($MCL) registered no gains for the day, yet both McLaren drivers currently sit atop of the F1 rankings board. 

Alfa Romeo ($SAUBER) currently has a driver in 10th spot in the rankings, while Aston Martin’s ($AM) highest ranking driver sits in 11th spot. The highest ranked driver on the $ALPINE team is in 16th spot. 

Greg Thomson: Fan Tokens Market Reporter