Paris Saint-Germain Fan Token Rally In Anticipation Of A Lionel Messi Transfer

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Updated: Aug 12, 2021, 12:13 GMT+00:00

The PSG token is up by more than 40% over the past 24 hours as speculations increase over the possibility of Lionel Messi joining the French side.

PARIS Saint Germain football club store in Roissy Charles de Gaulle Airport France 10.10.19

The Paris Saint-Germain Fan Token (PSG) is up by over 40% in the past 24 hours as speculations mount that Lionel Messi would be joining the football shortly.

PSG Token Up By Over 40%

PSG token is one of the best performing cryptocurrencies currently in the market. The token is currently up by more than 40% in the past 24 hours, outperforming the major coins in the market. Currently, the PSG token is trading at $48 per coin, up from the $34 it was trading yesterday.

PSG is a fan token for the Paris Saint-Germain football club. The token holders acquire voting rights to influence the Paris Saint-Germain football club. Year-to-date, the PSG token has performed excellently. PSG began 2021 trading at $12.7 per coin, rising to its all-time high of $56 on April 26^th.

However, the crypto market has consolidated since then, with prices down by over 40% from their all-time highs. The price of the PSG token is also down from its all-time high. However, by rallying to $48 over the past 24 hours, PSG is currently up by 300% year-to-date.

BTC/USD chart. Source: FXEMPIRE

Messi’s Anticipated Transfer Could Be The Catalyst Behind PSG’s Rally

The rally of the PSG token could have been fueled by the expected move of Lionel Messi to the French capital. Messi is expected to complete a move to Paris Saint-Germain in the coming hours or days after FC Barcelona announced that they could not retain his services due to the financial restrictions put in place by the Spanish Football body.

Lionel Messi is considered to be one of the finest footballers in history, winning 6 Balon D’Or awards in a stellar career. He is expected to scoop up his seventh award this year after guiding Argentina to a first major trophy in over two decades.

Football fans are excited about the prospect of Lionel Messi lining up with Neymar Jr and Kylian Mbappe to form a deadly attack. Bitcoin and other cryptocurrencies have performed excellently in recent days. BTC finally crossed the $43k mark and is looking to surpass the $45k resistance level in the coming hours.