Sports tokens falter: UEFA Euro 2024's start sees fan tokens drop by 13%
The Block's Sports Token Index has been one of the worst-performing baskets of assets in the market this week.
Keep up with what's happening in the crypto world in real-time.
The Block's Sports Token Index has been one of the worst-performing baskets of assets in the market this week.
Fan tokens for several popular sports teams and celebrities have seen a surge in value following their listing on the South Korean-based exchange Upbit.
South Korea's largest crypto exchange UPbit said on January 5 that it would list several fan tokens, including that of AC Milan (ACM), Atletico Madrid, Manchester City (CITY), Naples (NAP), Arsenal (AFC), Barcelona (BAR), and Inter Milan (INTER). The post Fan tokens rise by 7% following UPbit listing appeared first on CryptoSlate.
It has been evident that the cryptocurrency market has been trying to regain price and trading volume over the past couple of weeks.
Fan tokens have carved their own niche in the crypto scene.