Paris Saint Germain (PSG) fan token has raised its price 130% in the last week as speculation mounts about the possibility of Lionel Messi joining the French team.
The Paris club fan token went from being worth USD 25 on Tuesday, August 3 to exceed USD 50 six days later, coinciding with rumors that point to that PSG will be the next to sign the former top figure of Barcelona Fútbol Club.
The possibility that Paris is linked to the sporting future of the Rosario star gained strength in the past Sunday during a press conference at the Camp Nou when Messi confirmed his departure from the Catalan club and stated that his signing with PSG is “a possibility”.
Although the Argentine then clarified that for now he has “nothing arranged with anyone”, when he mentioned that PSG was a possibility, he immediately influenced the price of the token. This climbed from USD 36 to USD 50 in less than 24 hours , which represented a new 40% rebound.
The PSG token has not only rebounded strongly linked to Messi’s future, but also had an increase in its trade volume, as reported by CriptoNoticias. This is because on Thursday, August 5 it went from moving between 7 and 8 million dollars a day, to exceed USD 77 million, which implies an increase of 1000%.
Soccer fans are excited about the possibility of Lionel Messi aligning himself with Neymar Jr and Kylian Mbappé to form a deadly attack, which would lead to the team’s token to climb to a new all-time high.
Expectations grow at the idea that the Argentine striker will obtain his seventh award this year after leading his country’s team to obtain a first major trophy in more than two decades.
The PSG token dribbles more than Messi
The financial crisis that Barcelona faces is something that has been discussed in the Spanish club since last year. Because of this the crack Argentinian was not included in the league, despite having reduced up to 50% of his salary. As a result, a whole tide of speculation ended up linking Messi and PSG since April, after which the fan token of the Paris team saw a rebound, even reaching its all-time high of USD 56.
Legend: Messi’s future has been the main catalyst for the price of the PSG fan token, which in April registered its all-time high of USD 56 . Source: CoinMarKerCap.
Later when the rumors cooled and the possibility was opened that Messi would renew with the club in which he has played all his life, the PSG fan token collapsed. That’s when it fell from $ 56 in April to $ 11 on June 21. After that, the price took a new boost when the rumor that Messi would be signed by PSG was heard again.
When buying the asset, which is issued and distributed by the Socios platform. com on the Chiliz blockchain, fans acquire voting rights in certain decisions of the soccer club. So far this year the token has risen 300% taking into account that in January it was trading USD 12.
