Following exciting news for the fan token PSG surged by nearly 70% over the past seven days. Continue reading to learn more about PSG and where you can buy it before the next price increase
One of the most interesting developments in crypto has been the introduction fan tokens. These tokens combine the joy of cryptocurrency and sport. Popular tokens like the Paris Saint-Germain fan token, (PSG), are growing in popularity — even football stars are joining the fun!
If you feel left out, don’t worry. Here is a brief overview of PSG and how to get it.
How and where to purchase Paris Saint-Germain fan tokens for sale in the UK and other countries
To buy PSG, or any other cryptocurrency, you will need to register with a broker. You can also buy crypto at other places, such as the decentralised exchanges (DEXs), which are not regulated.
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What is the Paris Saint-Germain fan token?
Fan tokens, which are Ethereum-based tokens that can be issued via the Socios.com platform, give fans a stake to a specific sport or esports organization. Token holders have the opportunity to receive exciting rewards, such as VIP experiences and team merchandise. They can also vote on club decisions like which song should be played when the team wins.
PSG, the fan token of Paris Saint-Germain football club, was given a boost when it was revealed that former Barcelona star Lionel Messi had signed for the club and would be receiving a portion of his wage in PSG tokens.
PSG price leapt by nearly 25% on the day of the news, going from about $38 to touch highs above $47.
Should i buy PSG today
Now is the time to get the fan token. PSG is the sixth most popular token on CoinMarketCap. This has been made possible by the awareness that Messi, an Argentine footballer, raised. This could indicate further upside potential in the near future.
Paris Saint-Germain finished second in Ligue 1 recently and have dominated French football for the past decade. They attracted world-class signings like Neymar and Kylian Mbappe, and also David Beckham. Their fan base will grow due to this strong performance, which may increase demand for the PSG token.
PSG price prediction
PSG currently is in consolidation mode, having reached its all-time high $63.. 60 Tuesday. Although the fan token has dipped below $42 at time of writing, support from the 9-day moving average at $38. 58 may limit further downside.
Increased demand following Messi’s signing could see bulls target the psychological barrier at $50 next, before pushing onwards to set a new all-time high in the coming weeks.