Crystal Palace Fan Token Spikes 46% as Guehi and Glasner Remain at Club

Crystal Palace continued the ascension it began over a month ago during which time the $CPFC token has increased 78% in value.

On Friday, Sept. 5, the Crystal Palace Fan Token continued its miraculous summer surge with another 46%  spike on the day.

The optimism surrounding the Palace token reflects growing optimism surrounding the Crystal Palace football team, which currently remains unbeaten after three games, and is about to progress on a European expedition for the first time in nearly thirty years.

Perhaps more importantly, Palace managed to keep a hold of England centre-back Marc Guehi, who was the subject of transfer approaches from numerous Premier League clubs, most notably Liverpool. 

Even more important: Guehi remaining at Palace this season halted a potential crisis for the club, after beloved manager, Oliver Glasner, reportedly threatened to leave the club if Guehi was sold. More below.

Crystal Palace Fan Token ($CPFC) Spikes 46%

From a daily low of $0.0356 late on Thursday night, the Crystal Palace Fan Token ($CPFC) had risen to a valuation of $0.052 by early on Friday morning.

That marks 46% growth for the $CPFC token, and leaves the token just another 15% spike away from breaching a six-month high. The token has already cleared its quarterly high.

The Crystal Palace Fan Token was the top gainer among sports fan tokens at time of writing, clearing the next top gainer, Alpine F1 ($ALPINE) by some margin.

Summer of Challenges and Optimism for Crystal Palace

The good news is that while Palace may have lost Eberechi Eze to Arsenal, they managed to keep a hold of England centre-back Marc Guehi.

That’s better news than at first glance, as it was widely reported that Palace manager Oliver Glasner had threatened to leave the club if Guehi was sold and no comparable replacement was found.

Crystal Palace had earlier appealed to the Court of Arbitration for Sport in an attempt to retain their Europa League place, after being demoted for breaching multi-club ownership rules. 

The appeal failed, leaving Palace with a Euro Conference League qualifier against Norwegian club, Frederikstad.

Palace overcame Frederikstad and now find themselves drawn against Ukrainian club Dinamo Kiev. 

With an unbeaten start to the season so far, and with their best defender still on their books, Palace fans could be forgiven for thinking their Euro run is about to last a little longer.

Greg Thomson: Fan Tokens Market Reporter