Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

PSG fan token surges higher as football club beats Barcelona

Published 04/16/2024, 05:38 PM
© Reuters

Fan token Paris Saint-Germain PSG/USD surged higher after the PSG football club beat Barcelona 4-1 in the Champions League, advancing to the semi-finals.  The PSG fan token last traded up 13%. Meanwhile, the Barcelona fan token fell by 3%.

Barcelona initially took the lead in the match, but PSG staged an impressive comeback behind goals from Ousmane Dembele, Vitinha, and a brace from Kylian Mbappe. PSG will now face Borussia Dortmund.

Fan tokens, like PSG, are the utility tokens of Socios.com, created on Chiliz Chain.  They provide passionate fans the opportunity to participate in official team polls, engage in games, select favorite players, and make predictions to earn reward points. These points unlock Fan Rewards, granting access to fan experiences, exclusive benefits, and other privileges.

Fan tokens have been surging in popularity, with $240 million in trading volume today alone.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.