According to our PSG coin price prediction, the fan token may follow its current bullish trend. However, an overbought region may bring a downward correction for the PSG token.
Fan tokens are a new hype in the cryptocurrency market that has gradually gained popularity. A fan token is a digital asset that is issued by a sports team or club and can be used to purchase official merchandise and tickets and enjoy other perks associated with that team or club. Several fan tokens have also been used to fund for charitable causes associated with the team or club. The launch of fan tokens has been seen as a way for sports teams to connect with their fans more frequently and interactively and create new revenue streams. There is no doubt that fan tokens have seen great success since their advent and will be in the long term as they have already gained a large fan following among diehard fans of various teams worldwide. One of the well-known fan tokens is the PSG coin. The value of this fan token saw a surge when Lionel Messi, one of the world’s greatest footballers, became the first player to receive a signing bonus that included cryptocurrency tokens when he joined Paris Saint-Germain (PSG) in last August’s player transfer window. Our PSG coin price prediction aims to bring its current technical analysis based on technical indicators to help you decide the best investment plan amid the FUD situation in the market.
Paris Saint-Germain: An Overview
PSG was one of the first football clubs to launch its own cryptocurrency on the Chiliz blockchain, which runs the Socios.com platform for sports crypto tokens. The minting of Fan Tokens is done on a permissioned sidechain called Chiliz. This type of chain does not require transaction fees, making sending and receiving these tokens fast and inexpensive. PSG Fan Token is part of a rising trend sponsored by many sports teams and clubs that enable token holders to vote in polls carried out by the group, confident influence choices, get unique gifts, and have more access to players, among other things.
PSG token comes with a robust utility that allows Paris Saint-Germain Football Club supporters to get a tokenized portion of power on club operations via the Socios platform and software. The partnership with Socios was announced in 2018, and the Paris Saint-Germain Fan Token was launched in January 2020. Let’s take a look at PSG coin’s current market details to clarify our PSG coin price prediction better.
|Cryptocurrency||Paris Saint-Germain Fan Token|
|Price Change 24h||+0.69%|
|Circulating Supply||3,841,239 PSG|
|All time high||$61.23|
|All time low||$2.77|
PSG Coin: Features And Roadmap
Paris Saint – Germain uses the Socios.com Software to allow Fan Token owners to weigh in on official club matters. It is up to the football club to conduct polls, but the choice made by supporters is final. Other teams’ fan token holders have previously voted on various issues, including uniform designs, vehicle designs, the official team slogan, and as the starting players.
The club said, “Experiences could include the chance to watch a match from the VIP area at the Parc des Princes and meet stars from the team as well as club legends. Socios.com and Paris Saint-Germain will reward fans in other exciting ways, too, creating once-in-a-lifetime experiences and allowing supporters to get closer to their heroes. The more Fan Tokens accumulated and the more a fan interacts with the app, the more reward points they will receive, increasing their chances of winning one of these incredible experiences.”
Holders of PSG Fan Tokens will be enabled to enjoy VIP access to domestic clubs, cups, and continental games like the European League. PSG coins may be staked in the future to receive Non-Fungible Token (NFT) rewards. Token owners may utilize the Socios system to vote, participate in competitions, chat with other fans, and receive incentives.
PSG Coin Price Prediction: Price History
Before discussing our PSG coin price prediction, it is important for investors to get an idea of its price history to get a rough view of its potential and expected future price points. However, it is to be noted that price history is not an indicator of our PSG coin price prediction.
The PSG coin went live into the crypto trading market with a value of $6.04 on 12 June 2020. However, the token did not sustain in a bullish region as it made a slight drop in the next few days and touched $4.2 on 18 June. The fan token continued to decline in value as it hit $3.7 on 12 July. By the end of Q3, the PSG coin started gaining bullish momentum due to its increased hype and support from fans, pushing its price above $10 in August. However, it made a downward correction and hovered between $6-$9 for the next three months before surging by the end of 2020. On 21 December 2020, PSG launched on three major exchanges, and the price saw its first pump, reaching $29.96. The fan token launched on Binance, Turkish exchange Paribu, and Korean exchange Upbit. According to Socios, the PSG price rose over 198% in 24 hours to $32.75, which was 16 times more than the launch price. However, by the following week, the price fell to around the $10 mark.
The first two months of 2021 were uneventful for the PSG Fan Token; however, the price began to bring some action in March when PSG made it into the quarter-finals of the UEFA Champions League. Moreover, the official Paris Saint-Germain tweeted that there had been an increasing demand for the token after the qualification, and there were plans to release new NFTs. PSG coin price skyrocketed 58% to $17.40, and the price kept rising and reached a peak of $26.92 on 13 March. Although the price made a bottom after the spike, the momentum continued into April. On 26 April 2021, two days before the first semi-final, the price made an all-time high of $61.23. However, the PSG coin decreased in value when the club lost both matches and failed to go through to the final. However, the PSG coin reached a peak of $49.90 on 9 August 2021, when Lionel Messi signed a deal to transfer to Paris Saint-Germain. Since the signing, the token went into a bearish trend, with no significant spikes or even close to the price it attained on 9 August. It has been on a steady downward trajectory since its high, and it was trading at $16.62 on 3 December 2021.
By 1 January 2022, the coin was worth around $15.38. However, it saw brief peaks of $18.11 and $17.48 on 12 February and 4 March, respectively, but the downtrend persisted, with the token closing April 2022 at $9.45 and May 2022 at $7.46. Due to the recent market turmoil brought about by FTX’s collapse, the token lost over 30% of its value since LUNA’s crash.
PSG Coin Price Prediction: Technical Analysis
The PSG coin has been making an intense upward rally over the last few days, and it can soon pump to a new monthly high if it breaks above its strong resistance levels ahead in the price chart. However, ample bankruptcy filings following the collapse of the crypto exchange behemoth FTX have delivered shockwaves to the crypto space and put a barrier for the altcoin market to pump further with extreme buying and selling pressure. Hence, our PSG coin price prediction aims to bring you an in-depth technical analysis using professional technical indicators to guide you through a profitable investment plan amid the market’s FUD situation.
According to CoinMarketCap, the current price of the PSG coin trades at $6.5, with an uptrend of 0.69% from yesterday’s performance. Our PSG crypto technical analysis reveals that this digital asset may soon skyrocket and bring a bullish ROI for investors after breaking above its current bearish consolidation range. Looking at the daily price chart, the PSG token struggles to trade above the EMA-200 trend line at $7.35 as the current market conditions create an uncertain situation in the PSG price chart. Our PSG coin price analysis signifies a recovery market trajectory, which means the asset is currently hovering around a stable path after pulling itself out of the recent market turmoil. Moreover, the PSG community has been experiencing less volatility recently, with prices fluctuating between $6 and $6.54 over the past few days. The PSG token has barred itself from falling further as it has built a support region at $5.86, from which the coin is making a slight upward retracement to its 31.8% Fib retracement. The Balance of Power (BoP) indicator trades in a bearish region of 0.26, which may push the PSG coin to test its support near EMA-100.
The popular indicator RSI-14 trades near a strong bullish region at the level of 70.48, which may send the PSG coin upward to break its resistance near the 23.6% Fib levels. Moreover, the MACD line relieves PSG fans as it climbs above its signal line with strong green candles, signifying bulls’ domination in the PSG price chart. The SMA-14 looks promising as it parallelly trades with the weekly RSI at the level of 57 and aims to give more strength to the PSG coin to surge to the North. However, a downward correction is forecasted as the recent surge may be bulls’ trap to maximize profit amid the overall bullish market, resulting in a market cooldown ahead. If the PSG coin holds above its EMA-100 trend line at $6.3, above which it may ignite a clear uptrend to its Bollinger band’s upper limit of $7. If PSG’s price trades above $7, it can make an attempt to break its crucial resistance of EMA-200 at $7.4. Conversely, a sudden downfall is expected if PSG’s price drops below the critical support level of $5.8; below this price level, PSG may trigger a sharp collapse as it can head toward its Bollinger band’s lower limit of $4.7. If the PSG coin fails to hold above $4.5, it may go for a more bearish bloodbath and trade near $4.
PSG Coin Price Prediction By BlockchainReporter
PSG Coin Price Prediction 2023
Our PSG coin price prediction for 2023 expects a maximum trading price of $10.79, with an average trading price of almost $9.24. PSG coin might retrace downward with a minimum price of $8.98 by the end of 2023.
PSG Coin Price Prediction 2024
PSG network boasts of developing solid and promising fundamentals for the crypto space and its fans. PSG coin price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $15.61. After that, PSG crypto might record a low of $12.45, with an average trading price of $12.91.
PSG Coin Price Prediction 2025
Our PSG coin price prediction for 2025 anticipates a minimum value of $18.42 and a maximum value of $21.46. In addition, our PSG coin price forecast for 2025 predicts an average trading price of $18.94.
PSG Coin Price Prediction 2026
PSG coin may witness a significant pump in 2026 and bring a great return on investment to its long-term holders. Our PSG coin price prediction for 2026 expects a maximum trading price of $32.05, with an average trading price of $27.52. PSG coin may trade at a minimum value of $26.57.
PSG Coin Price Prediction 2027
The crypto market may soon end the tears and tantrums and overcome its current turmoil as it is gearing up for a bullish comeback and is expected to skyrocket in the next few years. Our PSG coin price prediction for 2027 suggests that it may touch a maximum trading price of $45.67. PSG coin may trade at an average price of $37.72 with a minimum value of $36.62.
PSG Coin Price Prediction 2028
Our PSG coin price prediction for 2028 states that it may touch a maximum price of $63.79 and an average trading price of $56.98. The minimum value for the PSG cryptocurrency is predicted to hit $55.47.
PSG Coin Price Prediction 2029
In the upcoming years, PSG coin may attract potential partnerships to its network due to its robust fundamentals and fanbase that can push its price to the North. Our PSG coin price prediction for 2029 expects a maximum price for this token to be $96.83 and a minimum price of $82.13. PSG crypto may reach an average value of $84.41
PSG Coin Price Prediction 2030
Depending upon the future market potential and feedback from the community, PSG coin can see a maximum price level of $143.45 with an average trading price of $125.05. However, the PSG coin is projected to hit the bottom level at $120.83 by the end of 2030.
PSG Coin Price Prediction 2031
According to our PSG coin price analysis, the PSG token may bring a bullish wave to investors’ portfolios as the team has solid promises ahead. The price of the PSG coin is projected to reach a maximum price value of $209.28, with an average trading price of $185.28. The minimum trading price of PSG coin is predicted to be $180.28 by the end of 2031.
PSG Coin Price Prediction 2032
PSG coin’s price is forecasted to reach a minimum level of $254.78 in 2032. As per our prediction, the PSG coin price could reach a maximum value of $305.31 with an average forecast price of $264.04.
PSG Coin Price Prediction: Industry Experts
According to Digital Coin Price’s PSG coin price prediction, the price of PSG is expected to trade above the level of $14.28 in 2024. By the end of the year, Paris Saint-Germain Fan Token is expected to reach a minimum value of $13.99. In addition, the PSG price is capable of securing a maximum level of $14.48. PSG is expected to surpass the level of $66.30 in 2030. By the end of the year, Paris Saint-Germain Fan Token is expected to reach a minimum price of $63.37. In addition, the PSG price may attain a maximum level of $66.63.
Wallet Investor’s PSG coin price prediction states a bearish future for the PSG token, as the token may decline in value in the next few years. According to their analysis, the PSG token may reach an average trading price of $0.373 with a minimum price of $0.186 and a maximum price of $0.559.
Is PSG Coin A Good Investment? When Should You Buy?
Fan tokens are relatively new in the crypto market, and it is expected to rise with the increasing hype of the token issuer, i.e., sports clubs or teams. The PSG token sale raised a total of $2 million, with the Paris Saint-Germain Foundation receiving 10. PSG is one of the most popular and successful clubs in Europe and has a large fanbase worldwide, making PSG tokens a good investment option in the long run. Our PSG coin price prediction suggests investing in this fan token at a price of $5.5.
The launch of PSG fan tokens has been a resounding success as it brings more energy to its fans. The club has successfully managed to engage with its fans in a new way, and the response has been overwhelmingly positive. The tokens have given fans a real meaning of ownership and involvement in the club, and they are now more invested than ever before. However, it is advised to do your own research and conduct good investment advice from experts’ opinions before investing in the volatile crypto market.