$OG Fan Token Regains 29% Following Record $100M Market Cap Peak

The OG Fan Token ($OG) gained just over 2% on Thursday, Sept. 25, marking the continuation of a rise that has seen the bounce back from its dip from a recent record-breaking high.

$OG became the first Esports token to hit a $100M market cap on Sept. 9, breaking records and sparking immediate trends among other Esports Fan Tokens in the process.

Following $OG’s surge to a record market cap the token underwent a retracement that also coincided with the dips of Bitcoin, Ethereum, and the wider cryptocurrency market.

$OG Gains 29% in Eight Days

However, over the course of the past eight days the token kickstarted a revival that saw it regain over 29% in just over a week. 

Since hitting a monthly low of $13.41 on Sept. 17, $OG rose to a value of $17.33 as of time of Thursday.

The token price hit a peak of $18.50 on Wednesday night, but fell back to the $17.30 range thereafter.

Trade volume has continued to rise throughout the day, climbing from $18.50M to $35M.

$OG’s bounceback of 29.2% stands apart from the continued decline of Bitcoin and Ethereum which lost 4.8% and 12.45%, respectively, in the past seven days. 

A New Era for OG in Esports

On Sept. 16 it was announced that the Chiliz Group had acquired a 51% controlling stake in OG Esports, sparking the creation of a new strategic venture.

$OG token holders are now able to access a new blockchain layer on Socios.com which acts as a gateway to ticket and merchandise claims, in-stadium perks, and other exclusive digital content.

Greg Thomson: Fan Tokens Market Reporter