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Home Markets Cryptos

Paris Saint-Germain Fan Crypto gains over 50% in a day

Olumide Adesina by Olumide Adesina
December 22, 2020
in Cryptos
Paris Saint-Germain Fan Crypto gains over 50% in a day
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Investors in Paris Saint-Germain Fan Crypto-asset are now smiling to the bank amid recent sell-offs seen in the crypto market.

For the day, the fast-rising crypto has returned over 50% to its investors and in 30 days over 150%.

READ: Ripple’s XRP drops 14% over lawsuit from U.S Securities and Exchange Commission

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What you must know

At the time of writing this report, Paris Saint-Germain Fan Token traded at $25.18 with a daily trading volume of $225,495,474. PSG price is up 56.9% in the last 24 hours. It has a circulating supply of 0 PSG coins and a max supply of 20 Million.

  • Binance is the current most active market trading it, in order to explore addresses and transactions.
  • Football clubs are now using blockchain to facilitate better experiences for their fans.
  • Football is by far the most popular game worldwide. The last football World Cup tournament held in Russia 2018, had over 3.5 billion individuals watching the matches. This shows that about half of the world’s population is keen on football.

READ: This is why Dangote may drop plans to buy Arsenal FC

READ: Paris Club: Debt payments suspended for Chad, Ethiopia, Pakistan and DRC in $1.1 billion waiver

What to expect

Nairametrics believes such partnerships with these football clubs via blockchain will open more economic opportunities and leverage on this wider audience via collaboration with the industry’s global brands.

READ: 50% of top 500 companies will hold Bitcoin by 2021

What you should know

  • Socios.com Fan Token partners include Juventus, AS Roma, Galatasaray, FC Barcelona, Atlético de Madrid, Paris Saint-Germain, CA Independiente, Apollon Limassol and esports organizations Team Heretics and OG.
  • Dozens of more clubs are set to launch Fan Tokens before the end of the year, with many leading IPs from sports and entertainment also primed to join the Socios.com roster in the near future.

READ: Bitcoin halving: Here is what experts think comes next


Follow us for Breaking News and Market Intelligence.
Tags: AS RomaBlockchainBusiness NewscryptoCryptocurrencyCryptocurrency NewsFC BarcelonaJuventusParis Saint-Germain
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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