Fan tokens like every other cryptocurrency can generate good ROI; however, their values grow from their exclusive use cases. Their values may add or depreciate depending on how much importance sports fans place on their exclusive use cases.
We know for a fact that blockchain technology has aided industries to build good relationships with their consumer base. This is the same between sport teams and fans; through fan tokens sport teams can connect better with their fans, and fans can explore new ways to engage their favourite sport teams.
When an investor buys fan tokens, they are given access to fan-related benefits and can pay for these benefits using their tokens. These may include limited edition merch, game attendance or exclusive fan events, voting rights for team decisions such as bus or kit designs etc.
Fan tokens were primarily created for sport team fans to gain access or engage their team but in the event of an increasing demand or important use cases, their values may soar. PSG token for example, surged to an ATH (43% jump) in 2021 when it was revealed that footballing icon Lionel Messi was joining the club.
Tottenham Hotspurs fan token, $SPURS, seems to be the latest fan token to be gaining momentum, this is probably inspired by the team’s impressive outings in the current EPL season and the growing belief that they would finally lift a trophy this season and potentially send the token to the moon. Do you think it’s a good time to invest in the token?
Just like other coins in the crypto space, fan tokens also react to buy/selling pressures of the traders engaging it and also to the usecase like voting for a popular player or the club. What has made Tottenham Hotspurs fan token $SPURS gain traction like you've mentioned was its recent listing on Bitget which is a Fundamental event that make tokens rise under normal circumstances.
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