The cryptocurrency industry has swelled in value over the last few years, reaching a valuation of over $2 trillion. In addition to this, the decentralised infrastructure has provided the basis for quicker, more secure payments, and is hence being adopted by businesses around the world. One coin which has experienced large growth over the last few years is Barcelona Fan Token. Its’ April 2021 bull run saw its price climb from under £10 to over £60.
If readers want to gain exposure to high growth like this, then read on for our FC Barcelona Fan Token price prediction. We will cover the token in more depth, look at its use case, and finally show users how to set up an account with a broker and buy $BAR fan token. Let’s get started.
Update – around the start of football season fan tokens saw a huge increase in trading volume, at one point in August all of the top 10 gainers on Binance were fan tokens, including BAR.
Barcelona Token Price Prediction 2023
Let’s kick things off by checking out a quick Barcelona Fan Token price prediction for this year and 2025:
Barcelona Token Price History
The Barcelona Fan Token first floated onto markets in June 2020, at around £5. Since then, the circulation of the coin has grown to around 4m, or 10% of the total supply. This gives the coin a £13m market cap which highlights the coin is in its infant stages at current. For context, Bitcoin, the leading cryptocurrency on the market, has a market cap of $400bn. Let’s take a look at the main price movements recorded by Barcelona Coin since it was released:
- The crypto and stock markets weren’t in a great position during the coin’s release in mid-2020, as the Covid-19 pandemic was in full swing, pushing asset prices down across the board. As a consequence, the price of Barcelona Token struggled to gain any kind of momentum in its first few months of trading, hovering around the £5 level.
- However, towards the end of 2020, things started to pick up for the coin, and it experienced a small upswing, briefly touching the £13 mark before retracing its steps back down to the £10 level, where it stayed for the remainder of 2020 and the first few months of 2021.
- March 2021 is where things really started to take off for the coin. In the trading week commencing March, the 1st the coin exploded in value, generating over 100% returns over a seven-day period. This trajectory was carried into the next week of trading, with the token reaching its all-time high on the 16th of March.
- The next few months were pretty volatile for the coin, and the price fluctuated between £20 and £40 – huge up and down swings. This was a notoriously hard time to trade crypto, as the broader market also proved very volatile.
- Unfortunately, the momentum of the coin collapsed around May and June 2021, as broader crypto markets also began to slide. During this period, Bitcoins price fell by 40%, highlighting the industry sell-off.
- BAR’s 2022 performance wasn’t amazing. The token traded inside massive bearish sections, witnessing little upticks from time to time. But by the end of 2023. the token was valued at around $3.5.
- January 2023 saw Bitcoin gaining a lot of support from the crypto community, which caused BAR and other assets to rally. But since fan tokens work around different fundamentals than traditional assets, it has been trading volatility right now around the $4 mark as of April 2023.
Cryptoassets are a highly volatile unregulated investment product.
Barcelona Token Price Prediction 2023
As the time horizon expands, it is likely that inflation and interest rate pressures will cool off, and the price of Barcelona token will become less tied to the macro economy, and more tied to the broader adoption of the decentralised landscape. Decentralised financial framework is much quicker and more secure than the existing payment architecture, and as businesses are starting to realise the use case for it, they are starting to adopt it more and more. This has been the case with NFTs over the last 18 months, which have exploded in utility and value, with projects like Bored Ape Yacht Club, and CryptoPunks selling for millions. As this architecture is developed, the price of the coin could skyrocket as it has a direct stake in this decentralized landscape.
In addition to this, it will depend on the features of the platform. The Barcelona Fan token was created to enhance football’s digital realm and bring it closer to fans. As such, there are a number of cool features, ranging from matchday playlists to dressing room murals. As more and more of these are implemented, and the platform brings the game closer to fans, it could generate more interest which would raise the price of the coin. As such, we estimate the Barcelona Fan token price prediction for the end of 2023 to be £5.52, representing a sizeable 70% premium to the current price.
Barcelona Token Price Forecast Long Term Outlook – 2025 Prediction
Moving forward to a prediction for 2025, there is no way of telling where the macroeconomy is going to be. Therefore, we can discount the broader macro space from being an influencing factor. However, the state of decentralization, Web 3 and the crypto space will play a big role. If current trajectories continue, then there could be widespread adoption of this technology. In fact, there is already talk of Web 5 being created to surpass Web 3 – which hasn’t even reached its full potential yet! A large part of this adoption will come from businesses that start to accept decentralization into their everyday workings. For example, firms may choose to start to accept all payments in crypto and store all records on the blockchain. This would increase safety and also the speed of transactions and information sharing. Also, financial firms may start running crypto funds (some already are) which would add liquidity to the markets and hence increase demand.
In addition to this, the number of features added to the token (its utility) will play a big part. As more and more features are added, users will feel closer to the game and realize the use case of owning the crypto. Therefore, the continued implementation of these features will play a part.
A final tangible feature will be the performance of the Barcelona football club. The club has been a household name for decades now, winning 5 UEFA Champions League titles. It, therefore, has a well-established fan base. However, if their performance starts to slip, the fans could lose interest in supporting digital assets like Barcelona tokens. At current, it is estimated that Barcelona FC has over $1bn in debt, and as a consequence, it could lose its power to build out a top squad for years to come. If this hypothetical situation were to materialize, and the club declined in performance, then the price could fall. On the flip side of this – and a more likely story – the club could retain its household status and keep winning trophies. This growth, combined with additional adoption of decentralized architecture leads us to deliver a bullish Barcelona Fan Token price prediction of over £10 for 2025. This would represent a near 300% premium from today’s price.
Potential Highs & Lows of Barcelona Fan Token
Although we are bullish on the future price of the coin, the risks outlined above could materialize. In this case, the price of Barcelona Token could sink much lower, and not hit any of our outlined targets. On the flip side of this, the token could garner huge demand if certain features are implemented, and the crypto markets enter a bull market. If this is the case, then the price of the token could surpass our estimates. To outline these cases, we have included a table below with the potential highs and lows for each year of the coin.
|Year||Potential low||Average Price||Potential high|
What is Barcelona Token Used For?
As mentioned, the coin is used to bring fans closer to the game. It also helps holders vote on certain issues, access VIP experiences, and earn official products. Holding even 1 $BAR token will allow users access to some of these benefits, however, the more users hold the more they will be entitled to additional experiences. Therefore, now could be a good time to buy as users can get a lot more tokens for their money due to the low price.
Some of the unique benefits that users gain experience is choosing the matchday playlist before games in the stadium, by voting on the Socios app. In addition to this, there is a mural chosen by coin holders inside the FC Barcelona changing room, which is a pretty cool feature. The captain’s armband message was also chosen by token holders, highlighting the direct stake in the club that holders gain. Also, last year 22 lucky holders were invited to play a game at Camp Nou, which is a truly once-in-a-lifetime experience. Finally, fans chose a message for the friendly Barca vs Juve game, played for the Joan Gamper trophy. The message wrote, “never enough Barca”.
Therefore, by owning the coin, investors gain influence over the club, can earn crazy rewards and VIP experiences, and join a new era of digital superfans. This isn’t even to mention the potential profits they can earn from buying and selling the coin!
What Drives the Price of Barcelona Fan Token?
The price of the coin is driven by the same supply and demand forces as any other crypto. As mentioned, there are currently 4 million tokens in circulation, which equates to roughly 10% of the total supply. This figure will rise as more of the coins are released and mined. As a general rule, when the supply increases, the price of the item will go down, equating to equilibrium with demand where markets are cleared at the market price. Demand is the other large factor here and is influenced by lots of factors such as macro-outlooks, the crypto industry, and the release of certain coin features and entitlements. We explained how each of these factors would affect the price of the coin moving into 2023 and 2025 in the section above. When these factors increase demand, the price of the asset usually rises as more and more people buy which pushes the price up.
Where to Buy Barcelona Fan Token
You can buy Barcelona fan token from any broker who offers it. Due to the coin being an altcoin, it is not available on many large exchanges like eToro and Crypto.com. However, a great place to buy Barcelona Fan Token is Binance. Alternatively, users can buy the coin directly from Socios, the coin provider.
Binance – Overall Best Place to Buy FC Barcelona Fan Token
Binance is one of the largest crypto exchanges in the world, sporting a whopping 500 cryptos including Barcelona Fan Token. Its high popularity is shown by the support of over 30 million users. Due to the high volume of coins, it is a great option for investors who are looking to build heavily diversified portfolios. It is a great choice for beginner investors as it offers a simple platform layout, where users can just check their wallet’s progress. However, it also caters to more advanced investors who want to perform technical analysis to predict prices.
Binance has a high level of security and employs some of the most up-to-date protocols to support its crypto wallets. These include two-factor authentication, human account verification, and private keys. The broker is also regulated by the FCA in the UK and the FDIC in the US. This can protect accounts of value up to £85k and $250k respectively. Users can therefore rest assured that when they trade crypto with Binance, their capital will be in safe hands.
Binance has also recently released an NFT integration into its site. This gives users access to another high-growth asset that they can trade alongside their crypto, all on the same platform. This is a great point to consider, as the value of NFTs has absolutely skyrocketed over the last few years, leading to big profits for early investors.
Regarding fees, Binance is a great option. It charges a 0.5% fee for all crypto trades as commission, making it a very cheap broker to trade with. In addition to this, when users deposit using debit and credit cards, they should note that they must pay a lofty 4.5% fee. The full fee breakdown can be found in the table below:
|Fee to buy $100 Barcelona Token||$0.5|
- Over 600 coins
- 0.5% commission
- Suitable for beginner and advanced traders
- High level security protocols
- NFT integration on same site
- Not available worldwide
- 4.5% deposit fee
Cryptoassets are a highly volatile unregulated investment product.
How to Buy Barcelona Fan Token
Now we have covered all the necessary information regarding the Barcelona Fan Token price prediction, we are going to take a look at how users can buy the coin by setting up an account with Binance:
Step 1: Set up an account
The first step is to set up an account with Binance. In order to do this, users should visit the Binance website and fill in the onscreen registration section. They will have to enter an email and password to create the account.
Step 2: Pass verification
The next step is to verify your account so that you can add funds. To do this, users must provide Binance with two forms of government ID. These must show proof of identity and a proof of address. Binance aims to have these verified within minutes so this should be a quick process.
Step 3: Deposit funds
Once users have verified their accounts, they can deposit funds to buy Barcelona Fan Tokens. Users can trade with a Binance virtual portfolio to get started if they don’t want to jump straight into real capital. When depositing, users should navigate to the deposits section and add funds using any of the accepted payment methods. These include bank transfers, debit and credit cards, and e-wallets like PayPal, Neteller, and Skrill. Users should note that Binance charges a steep fee of around 4.5% for all credit card deposits.
Step 4: Buy Barcelona Fan Token
Now users have equity value in their accounts, they are ready to buy crypto. To do this, investors should first navigate to the Binance search menu. Type in Barcelona Fan Token and click on the token when it comes up. Users should click the ‘Trade’ button and then click on ‘Buy’ to purchase the coin. Simply fill out an order form, choose how much of the coin users wish to buy, and execute the sale in order for it to go through and be added to your account.
Overall, the crypto market could be a profitable investment in years to come, especially in today’s bear market with the price of many major coins dipping substantially. If users want to gain a more immersive experience in the world of football and Barcelona FC, then Barcelona Fan Token could be a great coin to buy. It allows them to get closer to the game through various features like choosing pre-match playlists, locker room murals, and VIP experiences.
It is available to buy on Binance and Socios if users do want to add a position to their portfolio. Our guide estimates that the Barcelona Fan Token price prediction could reach over £5 by 2023 and over £10 by 2025, highlighting the growth opportunity. However, the crypto market is highly volatile and hence there is no guarantee that the price will rise.
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