- Everton, Aston Villa among club tokens emerging victorious in yearly ROI, report reveals.
- Strong and proactive fanbase becomes a top catalyst for most soccer club tokens.
- Barcelona and Paris Saint Germain coins are the biggest names in red.
Sports fan tokens of the most established European soccer clubs have enjoyed a renaissance through 2023. The overall sector of sports-club-related cryptocurrency tokens has seen a rebound rally after 2022, highlighted by a double-digit deficit for most alternative crypto coins.
Some of the largest names in European football have fallen short of lesser-known European clubs, hinting at the communityโs activity being one of the key factors. To illustrate, Polandโs Legia Warsaw made it to the top five of most profitable sports fan tokens, as the teamโs $LEG recorded a 62.22% yearly return despite its market cap not reaching $1M.
On the other hand, top-notch franchises in European football like Paris Saint Germain (PSG) and Barcelona succumbed to the merciless crypto bears, both losing close to 50% of their market value since last year. For example, the runners-up of the 2020 Champions League have lost 94.5% from $PSGโs all-time high, as it traded at $58.77 almost three years ago.
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Paris Saint Germainโs native token trades at $3.23, a small fraction of the price when PSG embarked on a journey to battle the mighty Bayern Munich in the 2020 Champions League finals. PSG is not the only CL title contender club battling the crypto bears, as Barcelonaโs $BAR token has been put in a similar position.
FC Barcelona Fan Token (BAR) plunged by 44.4% in the last 365 days even though Barca reclaimed the La Liga Champion title after a four-year hiatus. While Barca fans worldwide rejoiced over the accomplishment over arch nemesis Real Madrid, this didnโt stop Barcaโs $BAR from sliding to the current price of $2.50, despite trading at an all-time high of $72.55 almost three years ago.
Hereโs Which Sports Tokens Yielded Most Gains in 2023
In the latest research conducted by cryptocurrency tax software CoinLedger, data analysts measured the profitability of the most-used sports fan tokens. They based the results on how much money someone would have if they invested in the relevant cryptocurrencies on the first day of 2023.
Interestingly, the only soccer fan token that outperformed Bitcoin (BTC) in 2023 is FC Bolognaโs $BFC token. Starting the year with $0.66, the Italian clubโs native cryptocurrency was priced at just $0.24 on January 1, 2023. This represents a 173% rise, even though Bologna FC 1909 finished 9th in the Serie A, and the 114-year-old football clubโs biggest accomplishments date back to the 1970s.
Second on the list comes Dinamo Zagrebโs $DSG, scoring a 116% profit in the same timeframe. Thanks to the energetic ultras of Dynamo, the clubโs token went from $0.22 on January 1, 2023, to $0.47 on January 1, 2024. While the club didnโt achieve any noteworthy results in Europe, Dinamo Zagreb took 17 out of the last 18 Croatian Football League trophies.
Meanwhile, Evertonโs $EFC token embarked on a 114% bull run despite being just a margin away from bidding adieu to the Premier League, as Londonโs Everton finished the season 17th out of 20th. The strongly established fanbase and traditions formed over a century of the club’s existence seem to have helped another prominent English soccer club, Aston Villa.
Indeed, Aston Villaโs price rose from $0.63 at the beginning of 2023 to $1.24 on New Yearโs Day, which could have potentially bagged Aston Villa fans a whopping 97% in yearly returns.
On The Flipside
- CHZ, the native cryptocurrency of the Chiliz blockchain, slumped 35.5% in yearly terms despite trading at $0.27 in November 2022, a period marked by extreme price volatility due to the FTX crisis.
- Chiliz chain, which powers the Socios.Com platform and most soccer fan tokens, recently announced an aggressive merger strategy, likely expanding the range of sports fan tokens offered this year.
Why This Matters
Crypto sports fan tokens bring a unique case of blockchain adoption, as it enables sports fans to live through the clubโs most precious moments in a personalized experience.
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