Fan tokens associated with European football clubs are falling in value

Over the past few days, the value of cryptocurrencies related to European football clubs has fallen and continues to fall. According to analysts, the decrease in the value of fan tokens is caused by a general negative background in the cryptocurrency market. At the same time, in comparison with Bitcoin, whose rate dropped by 8%, the fall in fan tokens turned out to be more significant and prolonged. As experts point out, such a sharp contrast highlights the extreme vulnerability of such assets in the current downturn in the crypto industry.

Please note that tokens such as BAR, PSG and others refer to individual football clubs, and not to the national teams participating in Euro 2024. The expert report highlights that if major sporting events fail to increase the value of associated crypto assets, this calls into question the overall utility and investment potential of fan tokens. Thus, unlike memcoins, fan tokens are still disappointing their followers. Perhaps in the future they can become more attractive to fans and investors, but right now they clearly do not generate economic profit.