Flamengo Fan Token ($MENGO) Up 10.6% Ahead of FIFA Intercontinental Cup Final vs PSG

Flamengo have enjoyed an incredible season, adding both the Campeonato Brasileiro (Série A) and Copa Libertadores to their trophy cabinet in recent weeks. 

Now the Flamengo Fan Token ($MENGO) is soaring ahead of tonight’s glamour tie against European champions Paris Saint-Germain in Doha (Dec. 17).

$MENGO Rockets as Final Looms

Yesterday, late action drove the price of the Flamengo Fan Token up from $0.0643 to $0.0765, marking an intraday rise of 18.9% before it lost steam and finished the day on $0.0716. Trade volume also shot as high as $242,593, up from $107,226 earlier in the day.

At the time of writing, with the FIFA Intercontinental Cup Final just hours away, the $MENGO token is valued at $0.070, up 10.6% over the last 24 hours. Trade volume has also remained elevated.

For the Paris Saint-Germain Token ($PSG), it’s largely been business as usual: trade volumes mostly tracked in the $1.4m–$2.4m range yesterday while the token’s value is down 1.7% over the last 24 hours.

A Shot at History

Flamengo’s recent league and Copa Libertadores double made them only the second Brazilian club to complete the calendar-year feat twice, having also pulled it off in 2019 (Santos won back-to-back doubles with Pelé in 1962 and 1963). As such, they are in a rich vein of form and will fancy their chances of beating PSG to add the FIFA Intercontinental Cup to this year’s silverware.

Flamengo’s path to the final saw them defeat Mexican side Cruz Azul, the CONCACAF champions, 2-1 last Wednesday before easing past African champions Pyramids 2-0 on Saturday. Last year’s resurrected Intercontinental Cup was won by Real Madrid who, like PSG, received a bye to the final.

A win for Flamengo tonight would see the Rio de Janeiro side crowned world champions for a second time: it won the original Intercontinental Cup (forerunner to the FIFA Club World Cup) in 1981, beating Liverpool with a team featuring Brazilian icons Zico and Júnior.

While Flamengo have reason to be confident, so too do Paris Saint-Germain, who have lost just one game from six in this season’s Champions League. On the eve of the final, manager Luis Enrique said “Making history was an objective last season, and we want to continue making history,” adding that “Flamengo is a very good team, and it will be a close, difficult final.”

Tonight’s showdown represents another opportunity to create history for Enrique’s men: no French club side has ever won a world championship, with Paris Saint-Germain having lost to Chelsea in the final of the revamped Club World Cup in the United States in July.

Fresh from being named men’s player of the year at the FIFA Best awards, having already won the Ballon d’Or in September, France forward Ousmane Dembélé is expected to spearhead PSG’s attack.

Ronnie McCluskey: Fan Tokens Market Reporter