After exciting news for the fan token, PSG has risen almost 70% in the last seven days. Read on to find out how to get PSG before the next price increase
One of the most exciting developments in cryptocurrency in recent times has been the introduction of fan tokens, which combine the fun of sport and cryptocurrency. Tokens like the Paris Saint-Germain (PSG) fan token are exploding in popularity right now – even famous football players are getting in on the action! If you’re feeling left out, don’t worry. This is an overview of what PSG is and how you can get it.
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How & where to buy Paris Saint-Germain fan tokens in Brazil and elsewhere
If you want to buy PSG or any other type of cryptocurrency, you will need to register with a broker or exchange. There are other places where you can buy cryptocurrencies, such as decentralized exchanges (DEXs), but these are not regulated. If you want to keep your funds safe, the best option is to select a trusted and legally compliant platform. To make things easier, here are some of our favorites:
eTorus
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What is the Paris Saint-Germain fan token and what is it about?
Fan tokens are Ethereum-based tokens, issued through the Socios.com platform, that give fans a stake in a particular sport or e-sports organization. Token holders can get exciting rewards such as team merchandise and VIP experiences, as well as being able to vote on club decisions such as which song to play when the team scores. PSG is the fan token of football club Paris Saint-Germain and received a boost this week when it was revealed that former Barcelona star Lionel Messi had signed with the club and would receive part of his salary in PSG tokens. PSG’s price jumped nearly 25% on the day of the news, from around $38 to peaks above $47.
Should I buy PSG today?
With the news that Messi is PSG’s starter, now could be a great time to buy the fan token. The Argentine football player has raised awareness of PSG, which is now the sixth trending token on CoinMarketCap. This could signal further upward movement in the near future. In addition, Paris Saint-Germain recently finished second in Ligue 1 and have dominated French football for the past decade, attracting world-class signings like Neymar, Kylian Mbappé and David Beckham. This strong performance will likely cause your fan base to grow, which may increase demand for the PSG token.
PSG: price forecast
PSG is currently in consolidation mode after hitting its record high of $63.60 on Tuesday. Although the fan token has fallen below $42 at the time of writing, 9-day moving average support at $38.58 may further limit the downsides. Rising demand following Messi’s signing could see the bulls hit the psychological barrier at $50 before moving on to set a new all-time record in the coming weeks.
