Market analysis:
1.Bitwise CEO: BITB has received a total of $390 million in capital inflows over the past five days
2. Fidelity Bitcoin Spot ETF asset management scale exceeds 1 billion US dollars, Grayscale GBTC outflow exceeds 2.2 billion US dollars in the past 5 days
According to Bloomberg data, 5 days after the Bitcoin spot ETF started trading, the asset management scale of Fidelity Bitcoin Spot ETF (FBTC) exceeded US$1 billion, reaching US$1.016 billion. In addition, the total outflow of Grayscale GBTC funds in the past five days exceeded US$2.2 billion.
The difference between GBTC’s on-chain holdings and disclosed off-chain reserves is approximately 19,500 BTC
The difference between GBTC's on-chain holdings and disclosed off-chain reserves is approximately 19,500 BTC, which may indicate that GBTC is facing continued selling pressure.
The UEFA Euro 2024 will be held in Germany from June 14 to July 14, 2024.
Which Fan Token projects are worth paying attention to?
The first project is PSG
PSG is the fan token of Paris Saint-Germain Football Club. Paris Saint-Germain Football Club is located in Paris, France, and is a world-renowned team. For example, top stars such as Messi, Neymar, and Mbappe have played for this team.
Its token PSG was launched in December 2020 and currently has a market value of US$28.6 million.
The second project is BAR
BAR is the fan token of FC Barcelona. Founded in Spain in 1899, FC Barcelona is one of the world's top clubs and the club with the most championship trophies in Spain.
Its token BAR was launched in April 2020 and currently has a market value of US$26.9 million.
The third project is SANTOS
SANTOS is the fan token of Santos Football Club. Founded in 1912, Santos Football Club is a well-known Brazilian team, and the football king Pele is from this team.
Its token, SANTOS, was launched in March 2022 and currently has a market value of US$24.7 million.
The fourth project is CITY
CITY is the fan token of Manchester City Football Club. Manchester City is a football club located in Manchester, England. It was founded in 1880 and has won two English First Division titles and five FA Cup titles.
Its token CITY was launched in November 2021 and currently has a market value of US$20.8 million.
The fifth project is LAZIO
LAZIO is the fan token of Lazio Football Club. Founded in 1900, Lazio Football Club is a football club located in Rome, the capital of Italy. It is named after the region "Lazio" and is currently one of the teams in the Italian Football League Serie A.
Its token LAZIO was launched in October 2021 and currently has a market value of US$19 million.
Above, we simply listed the top five Fan Token projects with the highest market capitalization based on CoinGecko.
Next, let's list a few other items related to sports and games.
The sixth project is Chiliz (CHZ)
At present, the main public chains for fan token issuance are Chiliz (CHZ) and BSC chain. CHZ is now considered the leading token in the sports sector. If you want to hype football matches or stories related to the sports sector, you can’t avoid CHZ.
The price performance of CHZ has been relatively calm. The sports sector is expected to heat up again. When the time comes, its price will probably react and show some performance.
The seventh project is Rollbit (RLB)
I won’t go into too much detail about the RLB project because it is a sensitive topic!
RLB is Rollbit's platform coin with a current market value of US$330 million.
RLB also has a repurchase mechanism, where they automatically repurchase RLB with 20% of the platform's profits every day. Through its official website, we can see that the platform has destroyed 40% of the platform tokens and has an income of about $1.25 million per day.
Although the platform is not completely decentralized, it is said that all transactions are not on the chain, and RLB is only their platform currency. However, as a leading project in the Gamblefi track, if it can catch up with popular global events (especially football matches) or a bull market, from the perspective of project development alone, its potential is still relatively large.
