Juventus ($JUV) Holds On to 15% Growth After Del Piero Board Rumours
Trading for the Juventus Fan Token® ($JUV) erupted earlier this week amid rumours of a Del Piero presidency. The token has retained 15% gains since.
The spot price of the Juventus Fan Token® ($JUV) has increased by around 15% in the past couple of weeks, as the token’s revival coincided with rumours that a former club legend would soon be making his way to the Juventus boardroom.
The $JUV valuation was already climbing since mid-September, and got a supercharged injection on Sept. 28 when rumours of Alessandro Del Piero potentially entering the boardroom erupted after the player made a surprise appearance on the home pitch ahead of a match with Atalanta.
Trade volume for $JUV climbed as high as $18M on that day, marking an increase of more than 900% on the previous day’s trading.
READ MORE: $JUV Trading Volume Explodes 900% as Del Piero Rumours Swirl
Now, as we enter the month of October, the $JUV valuation has maintained the gains it made in September, even as the Del Piero rumours have cooled somewhat.
$JUV Price Analysis
The valuation of the Juventus Fan Token® ($JUV) hit a monthly low of $0.281 on Sept. 16, before its fortunes started to turn.
By Sept. 28, on the same day the Del Piero rumours emerged, $JUV had climbed to a peak of $0.346, marking growth of 23% at the time.
Even now, at time of writing on Oct. 1, the $JUV valuation still stands at $0.325, meaning the token has managed to hold on to 15% growth in just over two weeks.
After hitting $18M on Sept. 28, trade volume for $JUV has returned to relative stability, hovering between the $2M-$2.2M range in recent days.
Is Del Piero a Future Juventus President?
As recently as August, Del Piero was asked by Gazzetta dello Sport journalists whether he might one day return to Juventus, not as a player, but as a member of the boardroom.
The legend responded by saying: “I’ve been asked that question about a thousand times, and I answer like this: only God knows what will happen…”
Recently, Juventus’ former General Manager, Luciano Moggi, added his own thoughts to the discussion, stating that Juventus should prioritise getting the lineup right on the pitch before worrying about the lineup in the boardroom.
“Del Piero is an icon who belongs anywhere, but at this moment Juventus probably have as their priority building a strong team, one that scares opponents,” said Moggi, speaking to Radio Radio, as reported by Goal.com.
“Then, once an important team has been built, the presence of an important player like Del Piero certainly would not hurt,” Moggi added.
Alessandro Del Piero is regarded by many as the very living embodiment of Juventus Football Club, holding the records for the most appearances and the most goals.
He earned the everlasting love of the Juventus faithful after staying with the club when they were relegated to the second tier in 2006, when a player of his class could have had his pick of any team in the world.
Fan Tokens Market Reporter