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Tokens for football fans continue to post enormous gains in the context of the bullish outlook dominating the larger crypto markets. Hence, in the previous 24 hours, the aggregate market value of these tokens has impressively increased by 8%, only lately passing the $370 million barrier.
A well-known price-tracking source Today, CoinGecko tweeted to draw attention to the most recent bullish campaign. The collective market cap of these tokens has increased by 9% in the previous day as of the revelation.
Fan tokens are on the rise today, with its total market cap gaining over 9%!
— CoinGecko (@coingecko) April 11, 2023
Which fan token are you watching?
🥅: https://t.co/DUBqgoq1Ah pic.twitter.com/zzhbKLNpe0
Several tokens are maintaining their separate rallies despite freshly started bearish opposition, with a few seeing a slight pause.
Today’s fan tokens analysis
The top 20 fan tokens are all up over the past seven days, with OG Fan Token (OG) leading the pack after rising by a staggering 251% over that time. Because of its rapid rally over the weekend, the asset attracted considerable global attention. OG Fan Token increased by 414% on April 7 and April 8, reaching a high of $14.88 before hitting resistance, as was previously reported. As of today, the OG fan token had recorded a 10% increase as of press time.
The Juventus Fan Token (JUV), with a 44% increase, is posting the highest percentage gain over the past 24 hours. The fan’s trading volume has surged by 167% within the same period.
With gains of 24% and 26%, the Atlético Madrid Fan Token (ATM) and AS Roma Fan Token (ASR), respectively, take second and third place.
Additionally, despite the impressive rally, social activity surrounding fan tokens is still increasing, thanks in part to the competitive local leagues and the Champions League tournament. The most notable increases in social engagements have been noticed by JUV and OG Fan Token, which are presented at the top of the trending list with Manchester City Fan Token (CITY).
Football fan tokens are created to allow supporters of football clubs special access to prizes, voting privileges, and content within the ecosystem of their preferred team. They use blockchain technology to connect the world of football and strengthen the connection between supporters and their football clubs.