CryptocurrencyPrice Analysis

PSG Fan Token Surges 50% amid Messi’s Transfer Reports

$PSG gained by over 50% shortly after the rumors that Lionel Messi might head to France to play for Paris Saint Germain.

The iconic footballer Lionel Andres Messi left Barcelona after spending more than two decades in Spain. For now, the sports atmosphere is full of rumors that the legend might end up playing with his former teammate, Neymar, at PSG. The token seems to feel the positivity, surging over 50%.

Messi Leaves Barca

Messi’s contract with the Spanish giants expired on 30 June. At the moment, the player is a free agent. Though both parties accepted a 5-year extension, the contract will not be effective because of La Liga’s salary capitalization regulations. The rules limits player’s acquisition and wage fees to 70% of the team’s yearly revenue.

Joan Laporta, Barca’s president, revealed that keeping Leo might place Barcelona’s expenditure on player’s payments at 110% of their yearly revenue. Keep in mind that No.10 accepted the significant pay cut.

Though the living legend had to leave, he didn’t find it simple to say goodbyes to his fans.

Messi to Move to PSG

The Argentine player is now seeking another club as most speculations hint that Messi has a high probability of joining the French side, Paris Saint Germaine.

Moreover, Messi emotionally declared in a conference today that there are possibilities that he will join PSG.

PSG Fan Token Gains 50% Following Messi Rumors

$PSG uptick by almost 50% after the transfer rumors that Paris Saint-Germain is about to sign a contract with Leo Messi. As a result, they moved to $44 from $29 in one day. According to data from CoinGecko, the crypto retraced slightly, but $PSG remains 20% up.

Paris Saint-Germain partnered with SOCIO.com, a fan reward and voting platform based on blockchain, to launch the digital token. Fan tokens are virtual currencies that allow users to vote on platform issues and access club experiences and rewards.

Remember, the overall crypto market has traded in the green over the past few days. Market analysts predict money-making sessions due to the near-term bullishness that the market exhibits.

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