How Endrick Talks Caused AS Roma Fan Token® to Hit $1 After 16.2% Rally

Rumours that AS Roma may land hotshot Real Madrid forward Endrick Felipe Moreira de Sousa appear to have sparked a 16.2% bounce in the value of the club’s official Fan Token®.

With the Madrid giants boasting an abundance of talent in attacking areas, their €47.5M signing from Palmeiras has struggled for game time, and he may be destined for the Italian capital in the January window.

Let’s take a look at how these reports influenced market sentiment around $ASR.

Why $ASR Price and Volume Bounced on Oct 6

A report by Corriere dello Sport suggesting the 20-year-old Brazilian will ply his trade in the Eternal City from January, with the sides close to a loan deal, has sent the AS Roma Fan Token® ($ASR) rocketing.

Priced at $0.862 on Monday, Oct. 5, $ASR began its climb, eventually reaching dollar parity by early this morning (Oct. 6).

Although the token’s price has since dropped to $0.87, it is still up 1.3% over the last 24 hours. As for trade volumes, they are currently the highest in the entire ecosystem at $8M, up 370.5% since yesterday.

Discussions around Endrick’s future are apparently taking place against a backdrop of the looming clash between the sides at the Stadio Olimpico, which will mark Roma’s first UCL contest at the ground in seven years. 

Could Endrick Boost Roma’s Scudetto Push?

The prospect of Endrick lining up alongside Malen and Dybala in Roma’s attack may be nurturing belief that the Giallorossi will win silverware this season.

Roma are currently sitting pretty at the top of Serie A after five games, ahead of Inter (with whom they drew before the international break) and Lazio due to superior goal difference.

On the continent, Roma had to settle for a draw in their opening UCL match away to Fenerbahçe, with Los Blancos visiting the Eternal City on Oct. 14.

October is a huge month for Roma, who face seven matches in 23 days. In addition to crunch European games, an away trip to Napoli beckons on Oct. 24.

Endrick would undoubtedly strengthen Roma’s title charge if the clubs can come to an agreement. The star proved his adaptability last season while on loan at Lyon, netting five goals and recording seven assists in 16 Ligue 1 outings.

If Roma’s strong run of form continues, the AS Roma Fan Token® could reflect the rising mood. And if their title charge loses steam come January, the injection of quality in the form of Endrick might boost their chances of staying in the race.

Other Italian Tokens Are Up

$ASR is not the only Italian Fan Token® in the green. 

The AC Milan Fan Token® ($ACM) is up 1.9% over the last 24 hours and 3.5% in the last week. The value of the Juventus Fan Token® ($JUV), meanwhile, has increased 4.1% in the last 24 hours, following an 8.2% intraday bounce yesterday.

With Serie A action set to resume this weekend, trade volumes for $ASR and $JUV are the highest in the SportFi ecosystem at the time of writing. Roma travel to Como this Sunday (Oct. 11) while Juventus face Cagliari away the same day.

Ronnie McCluskey: Fan Token® Market Reporter.