Arslan Butt
The Manchester City Fan token price prediction remains bearish, but the CITY coin has already completed a 61.8% Fibonacci retracement at $5.61. The CITY/USDT pair began trading at $5.78 on October 12.
In a single day, the value of one Manchester City Fan Token fluctuated between $5.61 and $5.85. In the last 24 hours, Manchester City Fan Token has dropped 2.84%, and more than 11% in the last seven days.
CITY Price & Tokenomics – Source: coinmarketcap
CoinMarketCap now ranks #530, with a live market cap of $24 million. There are 4.3 million CITY coins in circulation, with a maximum supply of 20 million CITY coins.
TODAYS TOP 5 TRENDING CRYPTOCURRENCIES
1. Manchester City Fan Token $CITY
2. TerraClassicUSD $USTC
3. PancakeSwap $CAKE
4. Terra Classic $LUNC
5. Ethereum $ETH— Money Trending #CryptoNews (@Money_Trending) October 12, 2022
What Is Manchester City Fan Token (CITY)?
Socios.com, a platform based on the Chiliz (CHZ) blockchain, has created a fan token for the Manchester City soccer club, the Manchester City Fan Token. Socios has also designed tokens for fans of the Ultimate Fighting Championship and auto racing, in addition to several other football clubs, the most famous of which is (PSG).
Holders of fan tokens have a voice in the club’s running and can use it to gain admission to special events and promotions, play games with other insiders, and even be recognized as a VIP.
Developments in the Socios.com
Socios.com, a Chiliz-supported website, recently announced several significant partnerships. For example, throughout the year, the company works with multiple NFL teams and has expansion plans for the football industry and many other sports.
While such collaborations may have no immediate impact on the price of CITY, they are likely to be beneficial in the long run, increasing the number of users in the Chiliz ecosystem.
The first Socios team in the round of 16.
Congratulations $CITY https://t.co/pw9F7RrVxv
— Socios.com (@socios) October 11, 2022
Manchester City’s fan base may grow due to Chiliz’s development. As a result of these trends, CITY/USD could skyrocket.
What Gives Manchester City Fan Token Value?
The only official Manchester City FC fan token is CITY. It gives members regular benefits, like the right to vote on club decisions, unmatched access to your team, and amazing events that only happen once. You can use them as often as you want once you have them.
After many votes and fan rewards, you keep all of your CITY Fan Tokens. There is no need to resubscribe each week, month, or year.
CITY Fan Token holders will also have VIP access to all home league, cup, and European games, but this is only the beginning. The opportunities are limitless, whether you are flying with the team to an away game, watching a game with a club legend, or receiving autographed memorabilia.
️This season, Fan Token holders will have VIP access to some of Europe's most iconic stadiums.
Name the stadium & match you want a VIP experience for. EX: San Siro – @acmilan vs @Inter
⚡️ $CHZ pic.twitter.com/Ww3yVDA0vN
— Socios.com (@socios) July 25, 2021
CITY holders can earn Fan Rewards on the Socios.com App by participating in polls, games, and club decisions. All of these incredible CITY token applications add to their value. Manchester City fans are drawn to this token’s applications. As a result, the CITY/USD exchange rate rises.
Winning on the Pitch Makes CITY Holders Winners Too
Football is more than just a sport; fans enjoy it at home and in stadiums. Furthermore, due to their devotion to a specific team, several fan tokens are making their way onto the list of the top trending cryptocurrencies.
Manchester City fan tokens have now been added to this list. Furthermore, Manchester City has had a fantastic start to the season. After a strong start to the current campaign, the team has high expectations. The chances have increased since record-breaking player Erling Haaland joined the team.
Furthermore, if Manchester City wins the championship game, the value of their token will rise. More investors may flock to the token if the team wins the Champions League. As a result, CITY/USD will appreciate. As a result, winning the pitch makes CITY holders winners because it raises the value of this fan token.
Manchester City Fan Token Price Prediction
The CITY/USDT pair is trading with a slight bearish bias, having fallen to a 61.8% Fibonacci retracement level of $5.61. Typically, the 61.8% Fib level stops a bearish correction and initiates an uptrend; thus, we must keep a close eye on $5.61 because failure to break below this level can initiate an uptrend.
CITY Price Chart – Source: Tradingview
Aside from the Fibo level, the upward trendline supports CITY near $5.61. On the upside, CITY’s immediate resistance remains around $6.05 or $6.72. While support remains close to $5.04, Consider selling trades upon a $5.61 breakout and buying trades above the same.
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This article was written for Business 2 Community by Arslan Butt.
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