Premier League Review: Fan Tokens Rise and Fall on Weekend Action
Matchweek 13 of the English Premier League threw up a few surprises which had immediate knock-on effects on the Fan Token market.
A total of 19 goals were scored in the six matches that our Fan Token teams took part in, resulting in changes to the status-quo up and down the league table.
Let’s jump into the weekend’s action and see how the Premier League Fan Tokens reacted after the final whistle.
Manchester City ($CITY) 3 – 2 Leeds United ($LUFC)
Manchester City were 2-0 up before Leeds sparked fear into the hearts of the home team and pulled it back to 2-2. It wasn’t until the 91st minute that Man City secured the win following a Phil Foden goal.
The result sent Man City into 2nd in the league table, while Leeds dropped into the relegation zone.
Given City were favoured to win this match, there’s a strong possibility the win was already priced into the valuation of the Manchester City Fan Token ($CITY). In the week leading up to the match, the token price increased by 5%. The win didn’t immediately result in a noticeable price boost, and the token’s subsequent decline may not have been helped by the broader crypto market decline.
The Leeds United Fan Token ($LUFC) has been something of an outlier this year, gaining as much as 123% between August and October, although based on low volume. The token climbed 15% leading up to the match – and even spiked immediately when Leeds pulled the score back to 2-2, but has since fallen by 9%.
Man City are due to travel to Fulham in this week’s midweek fixtures, while Leeds travel to Chelsea.
Chelsea 1 – 1 Arsenal ($AFC)
This closely-fought London derby was a tight match from the get-go. Chelsea got a man sent off in the first half and still managed to take the lead through a goal shortly after the break. Their lead only lasted 11 minutes, however, following a Mikel Merino equaliser.
Arsenal had their lead at the top cut to five points after Man City climbed into 2nd place. The Gunners have still only conceded seven goals all season, and while they’ll be frustrated that they couldn’t defeat 10-men Chelsea, Arsenal will still be full of confidence following an incredible run of form that’s seen them undefeated in 17 games.
In the midweek fixtures, Arsenal host Brentford in a match they are strong favourites to win.
Mirroring Arsenal’s stellar form this season, the price of the Arsenal Fan Token ($AFC) increased by over 40% in the previous quarter. The token gained 12% in the week leading up to the match, and spiked 3.8% in the hours immediately following the result, but has since dropped from $0.44 down to $0.40.
With trade volume nearing $5 million in the past week, and with an expected win in the midweek against Brentford, it wouldn’t be a surprise to see more big moves for $AFC in the coming days.
Tottenham Hotspur ($SPURS) 1 – 2 Fulham
Fulham achieved something they hadn’t done since the 2012/2013 season – beating Tottenham at their own ground.
Fulham scored two goals in the first six minutes, and despite a second-half reply from Mohammed Kudus, they managed to weather the storm and walk away with three points.
In the hours immediately following the match, the Tottenham Hotspur Fan Token ($SPURS) price declined 4%.
Spurs now face a tough test away at Newcastle in the midweek fixture.
Everton ($EFC) 1 – 4 Newcastle
Everton fans will have been surprised by this heavy defeat given their team’s good home form coupled with Newcastle’s poor away form this season. Everton were 3-0 down in the first half, and the only consolation will be that they managed to draw the second-half 1-1.
The Everton Fan Token ($EFC) price increased by 7% in the days leading up to the match, perhaps in anticipation of a win. After the final whistle, the token price fell 4.4%.
Aston Villa ($AFC) 1 – 0 Wolverhampton Wanderers
Aston Villa’s 1-0 win over Wolves meant they stayed in 4th position in the league, and are now just one point behind 2nd-placed Man City.
Villa have now lost just one of their last 10 league games, and coupled with strong form in Europe (5W, 1L), the price of the Aston Villa Fan Token ($AFC) has responded with 29% growth since Nov. 21.
Villa travel away to an in-form Brighton side in the midweek fixture – a team that is just two points behind them in the league.
Crystal Palace ($CPFC) 1 – 2 Manchester United
Palace took the lead via a Mateta penalty in the first half, and despite the stats showing far superior expected goals (xG), they ultimately fell to two second-half goals by United.
The result leaves Crystal Palace in 9th position in the league. A midweek fixture away to a struggling Burnley side presents the opportunity for an instant reaction, where three points could send Palace back up into 5th.
The Crystal Palace Fan Token ($CPFC) sunk to the tune of 9% in the hours immediately after the match, but has since rebounded by 3.9% in the past day – potentially in anticipation of a win against Burnley in the midweek game.
Greg Thomson: Fan Tokens Market Reporter