$JUV $CITY $PSG $ACM Flying As Fan Tokens Lead Early Altseason Charge on Binance

The major Football Fan Tokens were leading the charge on Binance’s daily gainers list on Monday after several overnight surges for the likes of Juventus ($JUV), Manchester City ($CITY), Paris Saint Germain ($PSG), AC Milan ($ACM), and more.

Juventus was leading the pack on Binance at time of writing with 35% daily gains – significantly more than the second-placed LayerZero (ZRO), a blockchain bridge protocol, that had recorded 25% growth at time of writing.

$JUV, $CITY, $PSG and $ACM Take Over AltSeason

In fact, Juventus’ growth was actually much higher. The $JUV token recorded 57% gains on Aug. 10-11, coinciding with Juventus’ on-field victory over German club Borussia Dortmund. The token is now 91% more valuable than it was just two weeks ago – read more about $JUV’s weekend explosion in this article.

Manchester City ($CITY) was also making its presence felt in among Binance’s usual collection of Layer 2, DeFi, Bridge-Protocols, and decentralised lending altcoins, recording 25% growth leading into Aug. 11. 

The ($CITY) token jumped from a valuation of $1.05 to $1.32, although it has since pulled back to the $1.20 range at time of writing. Regardless, $CITY has been on a bit of a resurgence this month, and has now gained 51% in the past two weeks, as Pep prepares for the new season.

Paris Saint Germain’s ($PSG) daily growth was enough to darken Binance’s doors on Monday. A sharp 20% surge saw the $PSG token climb from $1.78 to $2.14 in less than 12 hours. 

Since then the token fell back to the $1.91 range, but that still leaves the token nursing 7% growth for the day, and more importantly, 24% growth over two weeks, as the token continues to climb quietly despite a lack of headlines on the transfer front.

Finally, AC Milan ($ACM) jumped 19% in little over 4 hours on Monday, in a short, sharp spike which took the token price from $1.06 to $1.27. 

That high was short-lived, however, as a near instant pullback landed the token around the $1.12 range.

That’s not quite as discouraging as it sounds, since the pullback to $1.12 still leaves $ACM holding on to 38% growth in little over two weeks. Our analysts identified $ACM as one of several Italian Football Fan Tokens which seemed poised to break out as fan tokens attempt to lead the altseason run all by themselves. 

For more on that topic, read: SportFi Surges: Fan Tokens Outpace Crypto’s Top 50

Greg Thomson: Fan Tokens Market Reporter