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Messi is paid by PSG –Germain fan tokens

? 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…

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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.

If you want to protect your money and assets, it is a good idea to choose a trusted and legal platform. We have a few favorites:

eToro

eToro offers some of the best multi-asset trading platforms in the world, with the lowest fees and commission rates. Its social copy trading capabilities make it an excellent choice for beginners.


Purchase PSG today with eToro

Coin Kong Trader

Coin Kong allows for quick buying and selling cryptocurrencies. This is a great choice for those who are new to cryptography. It offers excellent support, transparency and security.


Get PSG today with Coin Kong Trader

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.

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Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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