How League Title Battles Shook Up Fan Token® Market in October

Tug-of-wars in Europe’s top football leagues continue to fascinate supporters, and the highs and lows are resounding on-chain in the SportFi market.

With the defending champions of Spain, England, France, Italy, and Turkey holding a Fan Token® digital asset, not to mention many of their main rivals, wins and losses are invariably celebrated or bemoaned by traders speculating on their fortunes.

October has been a particularly big month, as in addition to domestic business there have been two Champions League matchdays (which we covered here and here.) So which clubs are flying high, and which have work to do as November looms? Let’s take a look at the latest fixtures to find out.

Arsenal Win, $CITY Lose as Prem Battle Heats Up

Arsenal beat Everton 2-0 at home on Saturday (Oct. 24), a result made all the more significant due to Manchester City’s unexpected 2-1 defeat to Aston Villa the same afternoon. The upshot was that Arsenal drew level with City on 21 points, albeit stayed second due to their rivals’ superior goal difference. Unsurprisingly, the market reacted.

While the Arsenal Fan Token® ($AFC) enjoyed an intraday rise of 9.1% off the back of Saturday’s proceedings, $CITY fell 2.6%. In-form Brighton’s defeat to Liverpool, meanwhile, ensured that Arsenal and City opened up a five-point gap at the top after just eight games.

Trading optimism around the Gunners’ digital asset didn’t last long: Arsenal were sensationally knocked out of the League Cup by Fleetwood Town on Wednesday night (Oct. 27), a team ranked 84 places below them in the English football pyramid. In the four days between the Everton win and the Fleetwood loss, $AFC plummeted from $0.143 to $0.125 (-12.5%).

Arsenal have a huge game away to fourth-placed Liverpool at Anfield this Sunday (Nov. 1), 24 hours after City host third-placed Brighton. If a ‘flippening’ occurs at the league summit, their Fan Tokens could feel the impact.

Galatasaray Triumph in Derby as $GAL Rises

The Galatasaray Fan Token® ($GAL) reacted positively to Monday night’s 2-1 derby win over Fenerbahçe, climbing from $0.795 that morning to a daily peak of $0.82 (+3.1%). Although profit-taking saw the token quickly lose steam, Galatasaray’s victory preserved their status as Turkey’s top dog as they chase a historic fifth Süper Lig in a row.

A double from star man Victor Osimhen was enough to down Fenerbahçe, who have fallen to fifth, although Galatasaray have an imposing series of fixtures coming up: they play Stuttgart away in the UCL on Nov. 3, second-placed Amed at home on Nov. 7, and Europa League winners Aston Villa in Istanbul on Nov. 24.

Given $GAL reached dollar parity back in August, its current price of $0.787 may make it a compelling proposition for those who believe the club can successfully run the gauntlet in November.

Barça Hot Streak Ends as $BAR Tumbles

Barcelona were on an 11-game winning streak prior to last week’s 4-2 defeat to Paris Saint-Germain in the UCL, and aimed to bounce back against rivals Real Madrid in the first El Clásico of the season (Oct. 25). Alas, Los Blancos were the ones celebrating after José Mourinho engineered a 2-1 win in the Spanish capital.

Despite the defeat, Barça are still top of La Liga at the time of writing (Oct. 28), two ahead of Atlético Madrid and three clear of Real.

Ahead of the Clásico, the Barcelona Fan Token® ($BAR) saw its value increase by 2.3%, but defeat soon dampened that optimism: $BAR fell from a daily high of $0.262 to a low of $0.245 by Monday morning (-6.4%). Since Oct. 7, the token’s value has fallen 18.3% despite the club winning three of five matches during that period.

November shall be an interesting month for the Catalan club, as they play two UCL matches (at home to high-flying Aston Villa ($AVL) then away to Sabah) and also face Atlético in the Spanish capital. A strong month could go a long way towards pushing $BAR back to $0.30 and perhaps beyond.

PSG Back to Their Best, Is a Breakout Due?

The Paris Saint-Germain Fan Token® hasn’t reflected the brightening mood music around Luis Enrique’s team, which secured their eighth consecutive win in all competitions by beating Olympique Lyonnais on Monday night (Oct. 26). The top-of-the-table clash had been keenly anticipated, but the reigning champions showed their superiority as two second-half goals secured all three points.

Despite sitting pretty at the summit of Ligue 1 and the UCL, the value of $PSG has fallen 13.2% between Oct. 7 and Oct. 28. However, the recent drop may represent an attractive entry-point for traders banking on their rich vein of form continuing.

Les Parisiens face Villarreal and Roma in the Champions League next month, and they must also repel a clutch of domestic rivals in Ligue 1: no fewer than five teams trail PSG by three points or less, one of which is local counterparts Paris FC. The congested nature of the table could be a good thing for traders, as it sets the scene for higher levels of volatility.

All Eyes on Milan as Derby Beckons

This Sunday, we have the season’s first Milan derby to look forward to, as defending champions Inter (currently second in the table) ‘host’ fifth-placed AC Milan. The fact that neither side has lost so far this season adds an extra layer of excitement to what is one of football’s most captivating rivalries.

This past weekend, Inter defeated Fiorentina 2-1 at home while AC earned an impressive 2-0 away win over Udinese. However, neither of the clubs’ Fan Tokens are flying at the moment.

$INTER, which has rarely strayed from the $0.20 level this season, has dropped to $0.18 in recent days while the AC Milan Fan Token® ($ACM) has lost around 12% in the month of October. A big derby win could be just what the doctor ordered for either asset.

The Saturday night showdown (Oct. 31) will be an interesting stress-test of both clubs’ Scudetto credentials, particularly given the impressive form of fellow unbeaten teams Lazio and Roma. Will Inter lay down a marker or can AC Milan climb the table?

Roma Earn Napoli Draw as Big Month Comes Into View

AS Roma contested a thriller with Napoli ($NAP) on Saturday (Oct. 24), with late goals from both sides ensuring a grandstand finish. The 3-3 result preserved the Giallorossi’s unbeaten start to the campaign, although with three draws in their last five, they’ve fallen behind both Inter and Lazio.

The AS Roma Fan Token® ($ASR) continues to attract strong trade volumes, even on non-matchdays, though the token lost 3.1% of its value in the days following the Napoli stalemate. Like $GAL, $ASR was hovering near a dollar in August so its current value of $0.74 might catch the attention of traders. Particularly with so many significant games coming up.

Next month, the Romans play Manchester Utd and holders Paris Saint-Germain in the Champions League, and they have a favourable run of domestic games compared to their title rivals. If they can remain in the UCL playoff spots (or, who knows, climb into the automatic-qualification section) and ascend the Serie A table, November could put wind in the sails of $ASR.

As ever, we’ll keep you updated on everything that’s happening on-pitch and on-chain where Fan Tokens are concerned. See you in the next one.

For more on Fan Tokens, including detailed price information and the latest news, check out Fantokens.com.

Disclaimer: This article is contributed by a Bitget partner. The views expressed are the author’s own, do not necessarily reflect those of Bitget, and should not be considered financial or investment advice. Cryptocurrencies and Fan Tokens are highly volatile. Qualified professionals should be consulted prior to making financial decisions.