Messi to join Paris Saint-Germain: What is PSG fan token’s price prediction?

3 min read | August 09, 2021 08:27 PM AEST | By Anuj

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Messi to join Paris Saint-Germain: What is PSG fan token’s price prediction? — Image source: Pixabay.com

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Summary

Paris Saint-Germain’s (PSG) fan token soared over 62 per cent on Monday, August 9, amid reports of Messi joining the French football club.

The fan crypto has soared around 309 per cent this year, posting a market cap of 66 million.

PSG’s token may break its lifetime high record in August, led by millions of Messi’s fans.

Argentinian football legend Lionel Messi, who left Barca club on Sunday, August 8, is said to be in talks with French club Paris Saint-Germain (PSG) to sign a contract.

On the back of this development, PSG’s fan token rocketed almost 62 per cent on Monday, August 9 (6:30 AM UTC), while its volume witnessed a sharp jump of 500 per cent.

Paris Saint-Germain (PSG) fan token

The PSG fan crypto is a proof of membership for the Paris-based football club. It is listed on the blockchain-led ERC-20 platform of the Ethereum network.

The token, which is available for trade in a limited number, also provides its holders with the club’s governance rights.

The fan crypto is trading at US$ 51.59 apiece, with a 24-hour trading volume of US$ 786 million against its current market cap of 66 million. PSG fan token ranks at the 406th spot on CoinMarketCap.

PSG offers a maximum supply of 20 million tokens, and its 100 per cent coins are currently in circulation.

Socios.com creates a limited circulation of Paris Saint-Germain fan tokens, and blockchain-powered crypto assets are easy to win by interacting on PSG’s socio.com application.

What is PSG token’s price prediction?

The French football club released its fan token at US$ 5.6 apiece on June 12, 2020, which has risen over 821 per cent listing-to-date and yielded 855 per cent returns in the past one year.

The football club’s native cryptocurrency has swelled by 309 per cent year-to-date (YTD).

The PSG token surged to its lifetime high of US$ 58.91 apiece in late April. However, it has dropped as much as 12 per cent from its all-time high peak.

As for price prediction, PSG fan token is expected to hit a US$ 100-mark when Messi officially joins the French football club. The crypto token holds notable potential as Messi could likely bring in millions of his fans to the club.

Investors who are not a fan of PSG could also explore this token through mainstream crypto exchanges.

How to buy a PSG fan token?

Paris Saint-Germain fan tokens are available for trade on Binance, Gate.io, Paribu, Upbit, and HitBTC. It is exchangeable through Tether (USDT), Binance’s stablecoin (BUSD), Bitcoin (BTC), Chiliz (CHZ), and Trias (TRY).

The club also launched its smartphone application through Socio.com, where fans can earn rewards and involve in selected club decisions.

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