Major Fan Tokens Present Potential Growth Opportunities Amid 7-10% Dips
Several major football Fan Tokens with strong daily trade volume and major global brand recognition could be on the verge of an upswing, following 7-10% dips in the past twenty-four hours.
Some of these tokens have been subject to large spikes and dips in recent weeks, and their steady, consistent trade volume suggests they still have the potential for upward momentum.
Let’s take a look at some major football Fan Tokens that dipped recently and could be on the verge of a breakout.
FC Barcelona ($BAR)
The FC Barcelona Fan Token ($BAR) lost 7.9% in the past twenty-four hours, falling from a Sunday high of $1.13 down to a Monday morning low of $1.04.
By time of writing the $BAR spot price had already bounced back to the $1.06 range, and trade volume has actually risen from $8M to just under $12M in the past day.
Available on Binance, Pionex, MEXC, Paribu, BitMart, and more major exchanges, the $BAR token has a tendency to move fast, and today’s ~8% loss could be cleared up in no time if the token continues to bounce.
Paris Saint-Germain ($PSG)
From a 24-hour high of $1.64, the spot price of the Paris Saint-Germain ($PSG) had fallen to $1.51 by time of writing. That’s a 7.9% loss which closely mirrors the losses of Barcelona.
$PSG trade volume was as high as $8M last night and is now at the $4M range, but climbing again.
The $PSG token is available on over a dozen major exchanges, and like many of the tokens on this list it is highly accessible, and its strong liquidity enables quick market movements.
Juventus ($JUV)
The Juventus Fan Token ($JUV) followed the same trend as other major European footballing institutions on Monday, Sept. 22.
From a high of $1.14 just twenty-four hours ago, the value of the token fell to $1.04 by time of writing – but has already started a potential bounceback and sits at the $1.06 mark.
The possibility of a major bounceback is potentially supported by the fact that $JUV trade volume has increased from $2.5M up to $5.3M in the past twenty-four hours.
$JUV is available on at least twenty exchanges, including Binance, Bybit, Upbit, Poloniex, Gate, and more.
AC Milan ($ACM)
From a daily high of $0.908, the $ACM token fell 9% down to $0.826 by Monday morning.
By time of writing it has already recovered by a modest, but not insignificant 1.3%, while trade volume has doubled from $2.2M to $4.4M.
Like other football Fan Tokens of its ilk, The AC Milan Fan Token ($ACM) is widely available on major exchanges. In the past twenty-four hours, more than 50% ($3M) of its trade volume occurred on the Pionex exchange.
AS Roma ($ASR)
The AS Roma Fan Token ($ASR) almost quadrupled during the past three months, in a momentous surge that took the $ASR token price from $2.20 up to $8.60.
Now back down at $2.18 following a 10.9% decline in the past twenty-four hours, $ASR trade volume is still on the rise. Rarely dropping below the $10M mark, $ASR trade volume is currently sitting at just under $20M, and is consistently one of the most-traded football Fan Tokens.
Manchester City ($CITY)
Valued at $1.05 less than twenty-four hours ago, the Manchester City Fan Token ($CITY) dropped to $0.96 by Monday morning, marking an 8.7% decline.
$CITY’s general trend in the past three months has been upward, and the token gained over 33% in that time – prior to today’s drop.
Recent weeks have seen $CITY spike hard and fast, and one good trade on the likes of $CITY, or any of the other tokens listed here, could potentially outpace the growth of the broader market many times over.
Trade volume rose from $3M to $4.4M in the past twelve hours, with the majority of trading taking place on Binance, Pionex, and MEXC.
Greg Thomson: Fan Tokens Market Reporter