Premier League Fan Token Review: Five Wins, Five Draws, and Five Losses
Crystal Palace continued their unbeaten run against West Ham, while a draw in the big Sunday match between Arsenal and Man City probably helped league-leaders Liverpool more than anyone as they drew five points clear at the top of the table.
Let’s take a look at this past weekend’s Premier League Football Fan Tokens.
Liverpool vs Everton
Liverpool’s 2-1 win made it five consecutive home wins against Everton since 1937, but Everton won’t be too discouraged as they remain fairly comfortable in 10th place.
The Everton Fan Token ($EFC) remained between $0.16 – $0.14 for the most of the past month, and any patterns are hard to discern. The token gained nearly 30% between June and August, but has been facing downward since then.
Arsenal vs Manchester City
Arsenal showed grit and determination to grab a last minute goal to secure a 1-1 draw against Manchester City. Pep’s men will be disappointed at giving up two points so late on, but a draw probably impacts Arsenal more as they now sit five points behind league leaders Liverpool.
The Manchester City Fan Token ($MCFC) had been climbing for most of the quarter, but lost more than 10% this past weekend. Notably the decline began before the game kicked off, suggesting traders may be trying to anticipate outcomes in order to buy the rumour and sell the news.
The Arsenal Fan Token ($AFC) has been on the slowest of declines this month, losing 10% in a long, drawn out process. Trade volume has remained steady, suggesting the token is trading at its own pace, and is perhaps awaiting a breakout moment.
Brighton vs Tottenham Hotspur
Spurs did well to come back from a two goal deficit to end the match 2-2, and that kind of resilience will stand the team in good stead moving forward this season.
Ultimately, many assets in the Fan Token market went the way of Bitcoin this week, experiencing a sharp dip around Sept. 19. The Tottenham Hotspur Fan Token ($SPURS) declined 5% this week, while daily average trade volume dipped from around $600,000, to around $150,000.
West Ham vs Crystal Palace
Crystal Palace extended their unbeaten run in the Premier League to 12 games, and if they want to match their record of 13 unbeaten top flight games they’ll have to overcome Liverpool next week.
A 2-1 win was enough to grab the three points and put more pressure on West Ham manager Graham Potter.
The Crystal Palace Fan Token ($CPFC) surged to the tune of 84% in the space of a few hours last week, climbing from $0.033 up to $0.061.
Despite this week’s general downtrend, the $CPFC token retained the vast majority of its gains, and remains 66% up for the week. The $CPFC token has been surprising everyone this summer, and following this week’s surge it now sits 96% more valuable than it was at the end of June.
Wolves vs Leeds
Wolves remain rooted to the bottom of the table with no points, while Leeds pull themselves up to mid-table with a 3-1 win away from home.
After a month in which the Leeds United Fan Token ($LUFC) gained 39%, including 25% in the past week, the token lost 10% in the past few days.
Ultimately, $LUFC is still well up for the month, but couldn’t avoid the broader market dip.
Sunderland vs Aston Villa
Finally, Aston Villa got their first goal of the season, but their first win is still to come after three losses and three draws – one of which was this past weekend’s 1-1 draw away to Sunderland.
With a genuinely talented team as well as one of the best managers in Europe, one would assume it’s just a matter of time before Villa go on a winning run.
In the past three months, the Aston Villa Fan Token ($AVL) has stayed within the $0.17 – $0.19 range, outside of the occasional spike and dip. Despite listings on just two exchanges at the moment, the $AVL token still managed to attract trade volume as high as $0.5M on certain days. This token may have some action in it yet.
Greg Thomson: Fan Tokens Market Reporter