How the Champions League Quarter-Finals are Driving Fan Token Growth

Historical Fan Token data shows there are few more potent event-driven trading catalysts than Europe’s premier continental competition, the Champions League.

On Tuesday, April 14, the first two second-leg games of the Champions League quarter-finals are set to take place, with Fan Token clubs Paris Saint-Germain and Atlético Madrid in the driving seat.

Both PSG and Atlético recorded double-digit growth in the past seven days, after both clubs grabbed 2-0 wins in the first-leg games of the Champions League quarter-finals.

Let’s see how the Champions League results are driving Fan Token growth ahead of the second-leg matches this week.

Atlético Madrid ($ATM) Price 

From a weekly low of $0.959, the valuation of the Atlético Madrid Fan Token ($ATM) climbed to a peak of $1.14 by April 13, as per price data from Socios.com, marking growth of 19.9%.

Trade volume for $ATM hit a peak of $9.7M earlier this week, before settling around the $3M mark by time of publication.

The last time $ATM trade volume hit such heights was in early February, shortly after Atlético Madrid beat Barcelona 4-0 in the Copa del Rey. At the same time, the $ATM token price nearly doubled in the space of a week. 

With a 2-0 lead over Barcelona in the Champions League quarters, the omens look good for Atlético to qualify for the semi-finals. 

That said, after Atléti beat Barca 4-0 in the Copa del Rey, Barcelona shot back with a 3-0 win in the second-leg. 

READ ALSO: How Fan Tokens React to Big Matches And When the Market Moves First

Atlético will be acutely aware of that fact. While sentiment appears to be behind $ATM right now, the possibility of a Barca reversal is still very real.

For comparison, the value of the Barcelona Fan Token ($BAR) dropped 4% this week, while trade volume peaked at just over $5M.

This week’s price action represents a reversal of what we saw last week, prior to the first leg matches, when $BAR outperformed $ATM in the lead up.

Paris Saint-Germain ($PSG) Price

From a weekly low of $0.803, the value of the Paris Saint-Germain Fan Token ($PSG) climbed to a peak of $0.933 by April 13, as per price data from Socios.com.

The token’s weekly surge amounted to growth of 16.1%, and was accompanied by peak trade volume of $6.6M, which continues to rise at time of writing.

PSG hold a 2-0 lead over their quarter-final opponents, Liverpool, after playing the first leg at their home ground.

The second leg on April 14 is set to take place on Liverpool’s turf at Anfield. Given the form of both teams this season, it’s little surprise PSG are still favourites to win on the night, and qualify for the semi-finals.

The $PSG token price is up 30% in the past month, reflecting the team’s lead at the top of their domestic league, and progress in the Champions League.

Ultimately, the $PSG token price has been climbing since early February, in which time its valuation has risen by 50%. 

Keep an eye on this week’s Champions League matches for further indication of how $PSG and $ATM react going forward.

Greg Thomson: Fan Tokens Market Reporter