WhiteBIT Token Soars As Exchange Signs Deal With Juventus. Is $JUV Next?

Meanwhile, Juventus squad spotted alongside Donald Trump and Gianni Infantino at the Oval Office. More good news for $JUV?

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$WBT, the token of popular European cryptocurrency exchange WhiteBIT, has risen by more than 60% in the past week, following the announcement of a deal with Italian soccer giants Juventus.

WhiteBIT has signed a 3-year sponsorship deal with the Serie A club, with the deal a likely catalyst for the recent growth of its token, which is now in the Coinmarketcap top 25.

The question for Fan Token traders is whether the deal will lead to positive price action for $JUV.

There’s certainly precedent.

Back in February, Tether announced it had purchased a stake in the Turin club which led to significant $JUV price action, with volume rocketing and the price surging by over 120% in 24 hours.

At the time of writing, $JUV is down by just 2%, with daily volume at around $2.5M. 

While there’s been no reaction to the WhiteBIT deal so far, $JUV could be poised to follow suit as awareness of the deal and its effect on the $WBT token spreads.

In other news – the Juventus squad, currently in the US for the Club World Cup, was seen at the White House alongside Donald Trump and FIFA Chief Gianni Infantino. 

The pair were last famously together at the White House Crypto Summit, where Infantino laid out his plans to launch a $FIFA Token. Juventus’ presence at the White House, and the recent associations of Trump and Infantino, and their strong support of advancing Web3, could be seen as further positive news for the $JUV token.