Messi joined PSG, a Vietnamese crypto investor, ‘x2 accounts’ after just a few days

After a series of speculations, football superstar Lionel Messi finally found a new destination. A series of major news agencies such as Reuters, AFP and L’Equipe (France) today confirmed that Lionel Messi has reached a personal agreement with PSG with a 2-year contract, with the option to extend it. one more year. Messi’s debut at PSG is expected to take place soon in the next few hours, when the Argentinian football star is on his way to Paris for a medical check-up.

With the presence of Messi, PSG currently owns a squad consisting of all the top names of the football village, including Mbappe, Neymar, Ramos, Veratti, Donnarumma .vv., with a squad value of 1 billion. euro.

Quite interestingly, besides the leap in brand value and lineup, even PSG Fan Token – PSG’s cryptocurrency also grew rapidly with the news that Messi was about to join this club. According to data from Coinmarketcap, the market capitalization of PSG Fan Token coin has increased rapidly by 2.62 times in just 1 week.

Specifically, as of August 3, 2021, the capitalization of PSG Fan Token is only about $ 29.3 million. However, at the moment, the market capitalization of PSG Token is about 76,938 million USD. Similarly, the value of 1 PSG Token is currently trading at 59.72 USD at the time this article was published (21h00 on August 10). Just a week ago, the price of 1 PSG Fan Token fluctuated around the threshold of 22-23 USD.

Notably, the value of PSG Fan Token has continuously moved sideways or increased slightly since the middle of May 2021, before starting a strong uptrend from August 6, 2021. This is also the time when the news that Messi could not sign a new contract with FC Barcelona was posted. At that time, the news that PSG had entered to pull the 34-year-old Argentine superstar to his club made many crypto investors “race” to buy PSG Token. Many investors expect the news that Messi signed a contract with PSG, causing the price of PSG Fan Token to increase further.

As noted, many crypto investors in Vietnam were also very “quick” to buy PSG Fan Token as soon as Messi speculation about PSG was posted.

“I bought PSG tokens on August 6, now just waiting for the day Messi is announced to take profits,” said Hung Nguyen, an investor in Hanoi.

Meanwhile, some other investors who have “hodl” (holding) the PSG Fan Token for a long time are also preparing to place a sell order as soon as Messi debuts.

“I bought this token in May 2021, when the price bottomed at 16 USD. Currently, the amount I invested in has multiplied by nearly 4 times. Maybe I will take profit tomorrow”, Minh Tuan , another investor in Hanoi excitedly said.

Released in early 2020 by PSG, the Paris Saint-Germain Fan Token (PSG) is an “Utility Token” (App Token) that enables fans to influence club decisions by using the app. applications and services of the Socios blockchain platform.

Accordingly, PSG token holders can participate in voting in a variety of polls published by PSG, including choosing a club’s shirt color, stadium background music, logo or some aspect of sports other like MVP, Player of the Match or Month, friendly match, summer tour, charity squad, etc. PSG itself also has a binding obligation to comply with the results of the poll.