News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • We are heading into a Tuesday lull which precedes Wednesday's FOMC focus. Will the absence of distractions allow for risk trends to gain momentum or perhaps will Fed anticipation temper the $SPX tumble? My take: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/21/Fed-Taper-Focus-May-Help-Stall-the-SP-500s-Collapse-Dollars-Charge.html https://t.co/T4m60xEfk6
  • CTV projects Trudeau wins his third term as Canada's Prime Minister - BBG
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/KY6MiOC9Y6
  • US House Speaker Pelosi says top-line spending number may change but hopes for $3.5 trillion in spending bill - BBG
  • RBA Minutes: - Board committed to providing high level of monetary support - Q3 GDP expected to decline materially - Central scenario is rates on hold until 2024 - BBG $AUDUSD
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-21
  • New Zealand reports 14 new local Covid cases - BBG
  • I had a chance to talk with @tastytradeRyan and @victorJ0NES about Evergrande and its impact on US markets — always great talking with these two guys on Mondays. https://t.co/vddTknnPWC
  • RT @cheddar: Stocks dropped the most since May on Monday, sending shockwaves through Wall Street. @CVecchioFX explains the global impact of…
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/EegiwWMe9V
Football Legend Lionel Messi Embraces Cryptocurrencies with PSG Fan Tokens

Football Legend Lionel Messi Embraces Cryptocurrencies with PSG Fan Tokens

Nick Cawley, Strategist

PSG Tokens Price, Chart, and Analysis

  • Lionel Messi receives a ‘large number’ of PSG Fan Tokens.
  • Superstar’s arrival boosts Token value.

Argentinian football superstar Lionel Messi is said to have received a ‘large number’ of PSG Fan Tokens in his recently announced free transfer to the French football giant, according to a range of recent media reports. The tokens, a digital asset for fans, ‘give you the power to influence decisions of your favourite teams, unlock VIP rewards and access to exclusive promotions, games, chat and a superfan recognition’ according to football fan token provider Socios.com. The PSG tokens can be traded on a number of cryptocurrency exchanges including Binance, Paribu, and Upbit.

The PSG tokens have jumped sharply over the last week as Messi’s transfer deal with the French football was concluded, rising from around $22 to a high yesterday of over $48. The market cap of these tokens is around $113 million – around the same amount that Messi is set to receive in wages over the next two years?? – while the fully diluted market cap is just under $780 million.

PSG Fan Tokens Daily Chart

Football Legend Lionel Messi Embraces Cryptocurrencies with PSG Fan Tokens

Chart via CoinMarketCap.

Other heavyweight clubs with fans tokens include Messi’s old club Barcelona, whose price has dropped sharply over the last few months, Manchester City, Juventus, and AC Milan.

Barcelona Fan Token Daily Chart

Football Legend Lionel Messi Embraces Cryptocurrencies with PSG Fan Tokens

Chart via CoinMarketCap.

It seems as though Messi’s value to a football team is not just on the pitch alone.

What is your view on Football Tokens – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES