Despite the decline that the NFT market saw in August, fan tokens continue their upward spiral and are close to reaching $100 billion in market cap.
As of August 24th, fan tokens reached the target of almost $7 billion in monthly sales, with the PSG fan token being one of the leaders.
This milestone greatly contributed to the global sales volume of fan tokens, which now stands at approximately $93 billion.
All of this contributed to a slight price increase of PSG fan token, but even despite this, many analysts believe that Battle Infinity could be a better alternative for both short and long-term gains.
Let’s check out the details.
PSG Fan Token – The Basics
The PSG fan token is a crypto asset directly connected to the famous Paris Saint-Germain football club.
Just like the vast majority of other fan tokens, PSG was built on the Socios platform and it was launched in early 2020. Interestingly, Paris Saint-Germain was the first sports team to partner up with Socios.
Unlike traditional NFT tokens, fan tokens are fungible (like fiat currencies) and can be traded for exclusive experiences and limited club merchandise.
The most notable benefits of holding PSG fan tokens include access to limited and signed merchandise, VIP tickets for PSG games, voting power on various club decisions, and more.
Since PSG isn’t directly price-dependent on Bitcoin and Ethereum, the value increase typically occurs when the club signs new players and win games.
PSG Fan Token Price History
When it was first released in 2020, the price of PSG stagnated at the $10 mark up until December. By the end of the year, it was listed on three major exchange platforms and reached a price of $29.96.
In 2021, the first few months were pretty uneventful but things changed when PSG qualified for the UEFA Champions League quarter-finals.
According to the club’s tweets, this caused strong demand among fans and the club even started making plans for an NFT series launch.
https://twitter.com/PSG_inside/status/1370041827550621697 (Twitter Embed Link)
On March 10th, the price saw a huge increase to $17.40 (58%) and kept growing until the $26.90 peak on March 13th.
After a short dip, this bullish momentum continued up until April when Paris Saint-Germain played in the Champions League semi-finals.
PSG token’s ATH of $56.04 came on April 26th, 2021, two days prior to the first semi-final match.
However, this price didn’t last for very long since Paris Saint-Germain lost both semi-finals and didn’t reach the Champion League finals.
Another huge increase came on August 9th when the news that Lionel Messi would join the club became official.
This generated another round of demand which additionally increased when it was revealed that Messi received a “large number of PSG tokens”. Some media outlets suggest that the value of his received tokens was around $30 million.
Unfortunately, since Messi’s signing, the token didn’t go through any major value increases and established a bearish trend over the next couple of months.
By the end of December 2021, the price per PSG token stood at around $16.
In May 2022, there was a huge price decline that analysts believe was triggered by the Terra Luna black swan event and the PSG token value fell to $4.07.
Over the past few months, the token has shown signs of recovery and a potential for a bullish run, but we’ll go over this in detail in the following heading.
Will PSG Fan Token Go Up? Price Prediction 2022-2025
If we analyze PSG token’s price history, we can notice that the crypto saw the biggest price increases when the club was performing well.
While this is a nice tell, it doesn’t help very much when it comes to making accurate predictions – sports can be just as volatile as the crypto market.
Nonetheless, we reviewed what some crypto experts and analysts have to say and came up with the following PSG token price prediction.
At the time of writing, the price per single PSG fan token stands $9.17.
Many crypto prediction platforms like DigitalCoinPrice suggest that there’s room for PSG to reach the $12.5 mark by the end of the year due to the positive sentiment surrounding fan tokens at the moment.
If the Paris Saint-Germain club decides to introduce new utilities and exclusive features to token holders, we might even be looking at a higher price.
However, there’s always the possibility that PSG will enter yet another bearish trend that will lead to further decreases.
For instance, WalletInvestor reports that the token is a “bad long-term investment”. The platform suggests that by the end of December 2022, the coin could even fall under the $1 mark.
Other analysts suggest that 2023-2024 might hold something exciting.
For starters, by mid-2023, the crypto market should be making a full recovery which will prompt the growth of not only PSG token, but every other coin in the industry.
Plus, since PSG won the French League, the club is guaranteed to participate in next year’s Champions League.
Considering that PSG saw a price increase of 217% last time this happened, we could be looking at another bull run in June 2023.
So, if Paris Saint-Germain does manage to make it to the semi-finals, it’s possible that it will end 2023 at a price of $28 per token.
As for 2025, experts believe that the entire crypto market will grow significantly and the PSG token won’t be left out of this equation.
Unless we see another severe bear market in 2025, it’s possible for PSG token to reach new all-time highs and bring long-term profit.
Lastly, if the club performs well and signs new exciting players, the price per PSG token could reach the $65 mark.
PSG Fan Token vs. Battle Infinity – What Is the Better Alternative
Even though the PSG fan token does seem to have a promising future and could potentially bring solid returns by the end of 2022, analysts believe that Battle Infinity is a much better alternative.
This is because Battle Infinity has some striking similarities to fan tokens, but is much more advanced in other fields.
Battle Infinity is essentially a crypto ecosystem that combines NFT, Metaverse, P2E, and DeFi technology.
And, it also appeals to football fans since it has one of the most robust fantasy sports games in the world.
The native governance token of the platform is IBAT and it operates on the Binance Smart Chain (BSC). IBAT is also used for transactions, reward distribution, staking, and other activities within the ecosystem.
Dream 11 and Mobile Premier League are Battle Infinity’s biggest competitors in the Indian home market, but this platform doesn’t plan on succeeding just them. Instead, it plans to spread its influence over the entire globe.
Considering its advanced tokenomics and cutting-edge features, analysts project that it will eventually even surpass its compatriot Polygon Matic – one of the most successful cryptos in 2022.
Another reason why fans were so hyped about the release of Battle Infinity is that the gameplay is very similar to popular projects like Axie Infinity, Decentraland, and The Sandbox.
Battle Infinity’s ecosystem consists of six main products – Battle Market, Battle Swap, Battle Stake, Battle Store, and the in-game Metaverse, Battle Arena.
The sixth product was mentioned in the beginning, the first fantasy sports game in the world that includes NFTs, the IBAT Premier League.
In this game, players can pick a sport (football, basketball, cricket, etc.) and build strategic teams, and gain points based on the athletes’ real-life performances.
Once the season starts, players compete with each other for a chance to win luxurious prizes.
The presale for IBAT tokens ended a few weeks ago. Even though it was supposed to last longer, it ended 66 days earlier since the $5 million target was reached much sooner than expected.
About ten days ago, Battle Infinity landed a listing on PancakeSwap, which led to a huge value increase and brought solid profits to early investors.
The founders have announced that there will be more CEX listings coming by the end of the year.
Overall, Battle Infinity is considered a better alternative to PSG token simply because it has better tokenomics, more advanced features and use cases, and combines robust Metaverse and NFT tech.
It’s projected to bring much bigger returns, both short and long-term.
Although the PSG token has a chance to bring solid returns to investors, it’s nothing compared to the potential that Battle Infinity holds.
If you’re looking for a cryptocurrency that’s currently undervalued and could multiply the zeroes in your bank account in the following months, Battle Infinity is the way to go.