Spain and Argentina's football fan tokens both plummeted in value recently — despite both teams winning major tournaments. Many of the biggest coins are down more than 90% from all-time highs.

The Block's Sports Token Index has been one of the worst-performing baskets of assets in the market this week.

The value of the fan token for the French football club, Paris Saint-Germain, briefly surged from just over $4.30 to $5 after they knocked the Spanish football giants, FC Barcelona, out of the UEFA Champions League.

Paris Saint-Germain's fan token is one of several issued for sports clubs by the crypto company Socios.

Top-flight French soccer club Paris Saint-Germain has become a validator on the Chiliz Chain, the blockchain underpinning sports fan token platform Socios.

Does the performance of soccer team tokens align with on-the-pitch performance? Max Good, from CoinDesk Indices' team, breaks down the match stats.

According to our PSG coin price prediction, the fan token may follow its current bullish trend. However, an overbought region may bring a downward correction for the PSG token.

Paris Saint-Germain Fan token (CRYPTO: PSG) surged over 30%, making it one of the top intraday performers, after France's thrilling victory over Morocco on Wednesday.  What Happened: At the time of writing, PSG was trading at $6.66.

The Football Fan token witnessed significant downfall and volatility since the FIFA world cup began. However, as these matches continue, the fan tokens' of winning teams are expected to receive more love from football enthusiasts, which could result in growth in the associated token price.

Fan tokens have carved their own niche in the crypto scene.

It is no surprise that the crypto universe and its various affiliated virtual digital assets have taken the world by storm, even in the middle [...]

Fan Tokens continue to reach new highs after seeing all-time sales volume hit new milestones despite the steep decline of cryptocurrencies.  The post Global Fan Tokens Surpass $80B in Sales Despite Crypto Downturn appeared first on BeInCrypto.

Coinspeaker Paris Saint Germain Fan Token Tops Rankings with $15 Billion in Sales

Paris Saint Germain (PSG) continued to cross milestones in the global fan token space after extending its lead as the top fan token by sales volume.  The post Paris Saint Germain Fan Token Surpasses $15 Billion in Sales Volume, Topping Rankings appeared first on BeInCrypto.