Could F.C Barcelona ($BAR) Extend 24% March Gains by Winning UCL Clash?
The spot price of the F.C Barcelona Fan Token ($BAR) has climbed 24% in March so far per Socios.com, and continues to move ahead of F.C Barcelona’s second-leg, round of 16 clash against Newcastle in the Champions League.
F.C Barcelona came away from the first leg with a 1-1 draw at Newcastle’s home ground, and are strong favourites to win on the night and progress to the quarter-finals.
Let’s see how the $BAR token is looking ahead of tonight’s Champions League match.
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How $BAR Gained 24% in March
The 24% gains recorded by the F.C Barcelona Fan Token ($BAR) in the past week come after a six-game unbeaten run, as F.C Barcelona maintained their lead at the top of La Liga, and grabbed an away draw against Newcastle in the Champions League.
From a spot price of $0.463 at the beginning of the month, the $BAR token climbed to a valuation of $0.577 in the next 18 days.
The token’s 24% gains in March were fuelled by strong trade volume, which averaged around $2.5 million a day, and featured three daily spikes above $6 million.
Looking back a little further reveals $BAR has gained 32% since Feb. 5, returning the token to a high not witnessed since early January.
F.C Barcelona vs Newcastle: Fan Token Outlook
F.C Barcelona are favourites to progress to the Champions League quarter-finals after coming away from Newcastle with a 1-1 draw.
However, the task won’t necessarily be an easy one. Newcastle are unbeaten in six Champions League matches (3W, 3D), and clawed back deficits to avoid defeat at the hands of Bayer Leverkusen and current Champions League title holders Paris Saint-Germain.
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Newcastle beat Chelsea in the Premier League this past weekend, and are on a strong run of form, having won three of their last five league games.
F.C Barcelona go into tonight’s match with Lamine Yamal, Robert Lewandowski, and Raphinha all set to play up front.
Barca have beaten Newcastle four times in their last five head-to-heads (1D), although the last game on that list goes all the way back to 1997.
Greg Thomson: Fan Tokens Market Reporter