Champions League Battles Trigger Fan Token Spikes: UCL Roundup
This week’s Champions League fixtures presented some footballing feasts as several Fan Token teams went head-to-head in a series of goal-laden on-field battles.
More importantly, the outcomes of those battles sent ripple effects into the marketplace, where wins translated into gains for all of the Fan Tokens involved.
Atletico Madrid ($ATM) 2 – 1 Inter Milan ($INTER)
Anticipation built for both the Atletico Madrid Fan Token ($ATM) and the Inter Milan Fan Token ($INTER) in the hours before the game, but following a 93rd-minute winner by the centre-back Gimenez, it was $ATM that held onto its gains, while $INTER ended up below its daily peak.
The win for Atletico sent the team up to 12th in the Champions League group stage table, strengthening their chances of instant qualification to the final round of eight. Inter now sit in 4th following their first loss of the competition.
Ultimately, the $ATM token price now stands 5% higher than it was prior to the match, and is now 9.6% higher than it was just five days ago.
Paris Saint-Germain ($PSG) 5 – 3 Tottenham Hotspur ($SPURS)
Spurs took the lead twice against last season’s competition winners in this rollercoaster-ride of a match that had dramatic back-and-forths, a hat-trick and a red card – all in the space of 94 edge-of-the-seat minutes.
As the dust settles in the wake of the match, it’s the Paris Saint-Germain Fan Token ($PSG) that benefited the most. The $PSG Fan Token price is up 6.3% in the past 24 hours, with most of those gains coming after the final whistle blew. The token is now up 12.6% for the week.
The Tottenham Hotspur Fan Token ($SPURS) was subject to intense volatility in the wake of the match, rising and falling to various degrees. However, the fight the team showed during the game perhaps contributed to the net 1.4% growth it registered in the past 24 hours.
Arsenal ($AFC) 3 -1 Bayern Munich
Arsenal have now gone 16 matches unbeaten in all competitions, and sit top of the Champions League group stage after five wins out of five. Incredibly, this result marked Bayern’s first loss in 21 games, and all the relevant stats suggest it wasn’t just a loss they suffered, but a hammering.
The Arsenal Fan Token ($AFC) rose 19% in the past day – with 17.8% of that growth coming following the final whistle. Since peaking at $0.474, the $AFC Fan Token price had since fallen back to the $0.45 range by Thursday morning – still leaving the token on 12% gains over 24 hours.
Terrific form in both the Champions League and the Premier League has resulted in the $AFC token gaining over 31% in the past seven days.
Napoli ($NAP) 2 – 1 Qarabağ
In the hours immediately following Napoli’s win on Tuesday night the token price remained somewhat stable. However a delayed reaction eventually saw trade volume surge to the tune of 110% – climbing from $200,000 to $421,000.
A day later, trade volume for the Napoli Fan Token ($NAP) had risen even higher, climbing as high as $630,000 by time of writing. At the same time, the $NAP token price grew 6.4%, climbing from $0.359 to $0.382.
A slight pullback to the $0.374 mark leaves the token holding onto 4.2% gains since the Qarabağ result. Napoli sit 20th out of 36 teams in the Champions League, while this weekend they have the opportunity to go top of Serie A when they face league leaders AS Roma.
Ajax 0 – 2 Benfica ($BENFICA)
Benfica grabbed their first win of this season’s Champions League campaign against Ajax on Tuesday. Like Napoli, the Benfica Fan Token’s ($BENFICA) reaction to the win was slightly delayed.
However the win against Ajax may have stirred confidence ahead of this weekend’s Liga Portugal fixture against Nacional, as the $BENFICA token is now priced 6% higher than it was in the hours prior to the Ajax win.
Benfica remain unbeaten in their domestic league, and with six points between them and league leaders Porto, Benfica will be eager to keep pressure on their competitors.
Greg Thomson: Fan Tokens Market Reporter