FC Porto fans can now get involved even more with their club by buying the FC Porto Fan Token (PORTO). PORTO is a BEP-20 utility token that launched in November 2021. Token investors are entitled to exclusive experiences and privileges in the club.
For investors wanting to predict how the token might perform as an investment, we’ve provided a potential FC Porto Fan Token price prediction from 2022 to 2025. In this guide, we’ll provide an in-depth look at how fans can use the token, what its future price forecast could be and its benefits for holders.
FC Porto Token Price Prediction 2022
Since its initial coin offering (ICO) in November 2021, PORTO has experienced significant volatility. Considering that the coin has been on the market for just over 6 months, we don’t have a long history to determine its price action. However, we can use its fundamentals and incorporate technical analysis to determine an FC Porto Token price prediction.
- End of 2022: PORTO has made new lower lows but is currently ranging. More downside is expected, and it seems that the coin could close off the year at $1.03.
- End of 2023: Strong support awaits PORTO at around $1, so chances of a reversal are likely. If it bounces off support, the token could revisit a previous high and strong resistance at $5.70.
- End of 2025: Altcoins can have long bear cycles after bull cycles, and lose 90% of their value (even Bitcoin and Ethereum have lost that much) – be prepared for that possibility. If PORTO tops out at around $5, losing 90% of its value means dropping to $0.50. Take profit on the way up before the market flips bearish.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
FC Porto Token Price History
PORTO has been trading since November 2021 after forming a partnership with Binance and has been on quite a rollercoaster ride. Initially closing the first day around $6.60, the coin pumped to almost $35 in the subsequent two days.
Once it reached that price, sellers felt they had gained significant profits and decided to unload their bags. When using a trading platform be aware of that day one listing pump effect – price action can be volatile around a launch date.
The price ended up dropping back to $6 shorter after the initial FOMO (fear of missing), then continued to print lower lows until the beginning of December 2021 to reach $2.53.
Significant Bounce and Recovery
When the price reached $2.50, it hit support, bounced off it and made a 122% recovery. Sellers once again stepped in and brought the price back to around $2.80, where it ranged until the start of March 2022.
In mid-March, buying volume increased, and the token marched its way up to $6 in mid-April. The excitement was short-lived as PORTO started making lower lows, eventually reaching an all-time low (ATL) of $0.93.
Buyers thought that was a great price to step in at, then drove the price back up to $2.90 by the end of May 2022. The price ranged for a month, then dipped to around $1.70.
One of the key reasons for a major retracement in PORTO is the US Federal Reserve Bank announcing its intention to raise interest rates to combat inflation. It’s not only FC Porto’s cryptocurrency that has lost most of its value; almost all digital coins have suffered similar consequences.
Summary of PORTO’s Price History
- PORTO started trading in November 2021 after forming a partnership with Binance to trade on its platform.
- The coin closed the first day at around $6.60, then pumped to almost $35 two days later.
- Sellers stepped in and drove the price back down to $6.
- The coin made lower lows and found support at around $2.50 in December 2021.
- After a bounce off support, PORTO jumped 122%, but then lowered to $2.80.
- The coin made another dip in June 2022 to $1.80, where it’s consolidating at the moment.
FC Porto Fan Token Price Prediction 2022
Although the $PORTO token hasn’t even been on the market for a year, it has experienced significant price movement. In the same way it’s difficult to make an Inter Fan Token price prediction due to limited history, we had challenges predicting PORTO’s price in 2022.
So far, the price has revealed to us that it can lose 92% of its value, dropping from $35 to $2.50. But even further downside is possible because the coin has made a new low, dropping to just above $1 in May 2022.
But good news followed for investors shortly thereafter because buyers stepped in and pushed the price to $2.94, a 216% recovery in two weeks. Then, the coin dipped and ranged around $1.70. What the crypto market has shown us is that it closes gaps.
That means although the price jumped from $1 to almost $3, the market has left a gap that it needs to close. So investors shouldn’t be surprised to see the price dip back down to $1 by the end of 2022. At that point, it could make a double bottom and reverse.
FC Porto Token Price Prediction 2023
If PORTO was to make a double bottom once it reaches $1, it would form a reversal pattern and start making higher lows. Doing that would mean that the next likely price level would be its previous high.
Reaching its previous high would mean that the FC Porto Fan Token would be at $5.70.
It’s at that price that PORTO would face extremely strong resistance. If it could break that resistance, then its next likely stop would be its all-time high (ATH) of $34. But the chances aren’t high that will happen. If the altcoin pump happens in 2023, rallying from $1 to $5 would mean a 500% increase. That seems more likely than it pumping 3,500% just to reach its ATH.
FC Porto Token Price Forecast Long Term Outlook – 2025 Prediction
Looking at the next three years, it’s likely that the crypto market will face extreme volatility. It wouldn’t be a surprise to many investors if altcoins topped out in 2023 or 2024. The crypto market has shown that a multi-year bear market follows massive rallies.
It seems likely that PORTO would be in a bear market, along with other cryptocurrencies, in 2025. If that were to happen, the market has revealed that coins in a bear market usually reach their bottoms after losing around 90% of their value. It’s uncertain if this token will bottom out in 2025, but if it were, our FC Porto Fan Token price prediction 2025 would be that it could go down to $0.50.
Potential Highs & Lows of FC Porto Fan Token
We’ve made an FC Porto Fan Token price prediction for three years, detailing their highs and lows.
|Year||Potential High||Potential Low|
Update – in July and again in August 2022 Porto token spiked to around the $7 level, being among the top crypto gainers on Binance at some point.
What is FC Porto Token Used For?
A token needs to have utility for FC Porto fans to buy it. When the club developed PORTO, it incorporated several benefits for fans to entice them to buy it. Some of the token’s use cases are below.
Instead of just sitting on the grandstand and supporting their team by cheering, FC Porto fans can get involved in the club by owning the FC Porto token. It was designed to enable fans to experience unique events and involvement on a different level.
In the near future, coin holders will be able to use their digital assets to earn special rewards and fan badges. Part of the perks of receiving rewards is that fans can redeem them to meet their favorite players at meet-and-greet events. The rewards that fans will earn will also entitle them to claim merchandise such as club shirts and other gear.
The whole point of blockchain is to use cryptocurrencies as a peer-to-peer network for transacting. That’s exactly what PORTO will enable fans to do. They can use the token to buy tickets to matches and pay for memberships on the club’s e-commerce platform via Binance Pay.
Another thing that PORTO holders can purchase is the club’s NFT Mystery Boxes. The reason they’re a mystery is that they can contain a unique collection that consists of neutral, rare or super rate NFTs. The team’s legendary goalkeepers were featured in the first PORTO NFT collection.
The key difference between FC Porto’s NFTs and regular ones is that the club’s NFTs can be used for staking on the NFT PowerStation. That’s a gamification feature on the Binance fan token platform. Fans can get extra PORTO rewards by charging the required NFTs. The number of rewards fans receive will be determined by how long their NFTs are charged. Fans can also trade their NFTs on Binance’s Marketplace.
What better way to have PORTO holders influence their team’s future than by allowing them to be a part of it? Fans who hold the token will have governance rights to participate in voting polls about the club’s future.
Some of the decisions that fans will participate in will be deciding the team’s warm-up song or a welcome message to be displayed during a match. The extent of influence a fan will have on decisions will be determined by the number of tokens held.
Earn Capital Gains
One of the main reasons that investors get into the crypto market is to take advantage of the massive rallies. Some cryptocurrencies have provided 10x returns to investors. And PORTO has shown that it can return 5x in several days. Those are massive gains in short periods, and it’s one of the reasons that cryptos have enticed many people to join the market.
What Drives the Price of FC Porto Fan Token?
Several factors impact asset prices, and we delved deep into exactly what it was that affected PORTO’s price movements:
Some of the reasons that coins explode are that they have received tremendous exposure and marketing. That’s exactly what happened to FC Porto’s cryptocurrency when it signed a deal with Binance. When it was launched via the Binance Launchpad sale in November 2021, it received tremendous exposure.
Binance has the highest trading volume of all exchanges and lists more than 600 coins. The CEO has claimed that more than 90 million users are on the platform. Not only is PORTO listed on one of the best crypto exchanges, but it’s difficult to find it on other exchanges.
So the exclusivity that PORTO enjoys on Binance makes it rare, especially considering only 40 million tokens are in circulation.
FC Porto knows that the way to increase the price of the coin is to make it attractive for fans to buy it. That’s the reason it has enabled fans to reap several benefits from owning the coin. Because the club knows that the more fans buy the coin, the higher the price will be.
The club has also enabled fans to buy certain items with the token. The more utility it provides for the token, the more reasons that fans will have to purchase it.
Since PORTO is an altcoin, Bitcoin and Ethereum’s prices have an impact on it. We’ve also written an Ethereum price prediction. When those two coins make significant price action so does the altcoin market. After Bitcoin’s rally, the altcoin market follows. But usually, Bitcoin has to do some upward movement, even if it’s a retracement in a downtrend, for the altcoin market to rally.
The same is true when Bitcoin’s price falls.
Sport Tokens Video Analysis
Where to Buy FC Porto Token
The best place to buy the FC Porto token is at Binance. The club has a partnership with this exchange to offer it in a convenient way for fans to buy the token.
Besides offering 600 cryptocurrencies, Binance also enables users to stake coins. That involves investors locking in their coins on the exchange for a certain period to earn interest. With some staking coins on Binance, investors can earn up to 100% interest in 90 days. Investors can also earn interest on Bitcoin.
Binance provides numerous options for investors to fund their accounts. Some of them include bank wire, credit cards, P2P Express, AdvCash and SEPA. Binance charges a 1.8% fee for credit cards and offers trading at 0.1% per trade. Binance doesn’t charge a deposit fee unless it’s with a credit card. Users should deposit at least $50, but they can trade with as little as $1. Investors have numerous options when choosing the best altcoins to invest in.
One of the things that Binance could improve is seeking regulation. It has received regulation from the French authorities, but this exchange is around the world. So it should ensure investors that it has their best interests at heart by getting licenses from financial authorities.
- 600+ crypto assets
- Numerous payment options
- Enables NFT purchases
- High interest for certain staking coins
- High card fees
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How to Buy FC Porto Fan Token
Apart from the FC Porto coin, Binance users can also invest in Bitcoin. But let’s take investors on a step-by-step guide on how to buy PORTO on Binance.
Step 1: Open an Account
Before investors can fund their accounts and trade, they’ll need to visit Binance.com and open an account. Fill in an email address and a password.
Users also need to verify their accounts by uploading a government-issued ID and proof of address.
Step 2: Deposit Funds
Before starting to trade, investors need to choose from the several payment methods to fund their accounts and input the amount to deposit.
Step 3: Search for the FC Porto Fan Token
Click on the search bar and type ‘PORTO’ or FC Porto Fan Token.
Step 4: Buy PORTO
The only thing left to do is to input the amount of fiat currency to exchange for PORTO, then click ‘Buy PORTO’.
Your wallet balance will then be updated instantly with your FC Porto Fan Token holdings.
Besides making an FC Porto Fan Token price prediction, we stipulated the rewards that token holders will receive and how they can use them. We also provided a step-by-step guide about how to buy PORTO on Binance, and we even reviewed the exchange. Besides PORTO, we also made a PSG Token price prediction.
One of the alternatives we found to PORTO was for investors to buy LBLOCK. It’s the native token of the Lucky Block platform, which hosts daily prize draws and enables investors to earn dividends. The dividend payments are determined by the number of ticket holders. The best part about LBLOCK is that it did a massive pump of 1,100% in two weeks during its February 2022 rally.
For sports fans, Lucky Block sponsored boxers Dillian Whyte and Florian Marku as official brand ambassadors for their project.
Another project we’re impressed with is IMPT, it offers a green NFT marketplace and it’s currently in presale, so token prices are discounted. Click below to find out more.
IMPT - New Eco Friendly Crypto
- Carbon Offsetting Crypto & NFT Project
- Industry Partnerships, Public Team
- Listed on LBank, Uniswap
- Upcoming Listings - Bitmart Dec 28, Gate.io Jan 1st