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Summary
- Following the news of Messi's arrival in Paris to sign the PSG contract, the fan token of Paris Saint-Germain is getting investors’ attention.
- PSG attracts fans from across the world as the team is known to have a star-studded line-up.
- PSG fan token's present market cap is US$ 73.4 million, and its 24-hour high is US$ 61.23.
Football legend Lionel Messi is set to join club Paris Saint-Germain (PSG), having signed a two-year contract days after his exit from Barcelona. French newspaper L'Equipe has claimed that the deal is final, and that Messi is expected to reach Paris on Tuesday, August 10.
Following the news of Messi's arrival in Paris to sign the PSG contract, the fan token of Paris Saint-Germain jumped 12.75 per cent to trade at US$ 58.28 on Tuesday, August 10 (9AM EST).
At the time of writing this, PSG's fan token had soared by 363 per cent year-to-date (YTD).
Fan tokens are becoming increasingly popular as they allow fans to participate in certain team decisions and give some exclusive benefits to token holders. Major football clubs like Barcelona, Juventus, AC Milan and Atletico de Madrid have fan tokens alongside PSG.
PSG attracts fans from across the world as the team is known to have a star-studded line-up. The Paris-based club's fan token will likely become more popular among fans as it not only gives you proof of membership, but is also likely to add millions of Messi fans to the club's support base.
PSG fan token's present market cap is US$ 73.4 million and its 24-hour high is US$ 61.23. According to CoinMarketCap, PSG fan token ranks on the 399th spot and has a fixed maximum supply of 20 million.
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PSG fan token's price prediction
Based on Chiliz blockchain infrastructure, fan engagement platform Socios is responsible for creating PSG fan tokens. Users can buy these fan tokens through the mobile app.
The fan token debuted at a value of US$ 2.77 on June 11, 2020. Since then, it has skyrocketed by 2003 per cent listing-to-date, according to CoinMarketCap.
As Messi's move is confirmed, there are chances that the fan token prices will further go up this year as his fans would want to take membership of his new club.
Messi has 245 million followers on Instagram alone. He also has a separate fan base irrespective of his club or national team.
Apart from the mobile application of Socios, fans can buy the PSG fan token from platforms like Upbit, Binance and HitBTC.
