The SE Palmeiras Fan Token (VERDAO) has recently experienced a bearish trend in its price. The token’s price dipped by nearly 10% within 24 hours, now sitting at $0.348.

This drop comes even though more people are trading the token than before. What’s interesting is that while the price is going down, the amount of trading has shot up by more than 335%.

$VERDAO Market Performance Analysis

Today’s chart shows an up-and-down pattern that might worry some token holders. The price has been mostly heading downward, with some sharp drops showing up during evening trading hours.

The high trading volume indicates growing interest in the token.

Fan Tokens are redefining fan interaction in the world of sports. With over 2 million wallets, they are the largest digital asset class in sports, and as such they have transformed the way fans connect with their favorite teams.

Through Socios.com, fans can interact with more than 70 teams, among which are Manchester City ($CITY), FC Barcelona ($BARCA), and Paris Saint-Germain ($PSG). Using Fan Tokens, fans can participate in team decisions, earn rewards, and more.

Anyone can trade Fan Tokens on Kayen, a Fan Tokens-dedicated exchange, and many other exchanges. And the ecosystem is growing: Binance has created Fan Tokens for teams such as Lazio and Santos.