Blockchain-based cryptocurrencies that bring together fan tokens, fans and sports clubs. We’ve seen Fenerbahce, Galatasaray, and other big sports clubs sell their fan tokens scrambling for their team, by investors who want to support their team. The latest explosion of altcoin projects in this field, Göztepe SK Fan Token (GOZ), has reached 90 TL ($5.9) in a short time, with rumors that Russian oligarch Roman Abramovic will invest in Göztepe, the Izmir team.
Altcoin rises 500% after investment claims
Today, a 500 percent price increase was seen in the fan token project of Göztepe, one of Turkey’s most important sports teams. Speculation that Russian businessman Roman Abramovich would invest in the team has fueled the rise. The announcement of the Izmir team that they would invest in Göztepe gave the GOZ project a 500 percent acceleration in a short time. Fan tokens of Valencia, Manchester City, Fenerbahce and Arsenal were also on the rise. The burst of the day, the GOZ fan token, after starting trading at $1.5, quickly climbed to $6 in a short time.
Why did Göztepe SK Fan Token (GOZ) price increase?
The news that Russian businessman Roman Abramovich, who had to sell Chelsea after the Russia-Ukraine crisis, would invest in Göztepe and maybe buy the club, led to a great rise in the Izmir team’s fan token. Göztepe, which has increased from 20 TL to 90 TL ($6) in the last 24 hours, was trading at 14 TL ($0.84) just two days ago.
The growth in GOZ can be noticed much more clearly when looking at Coinmarketcap statistics. Users flocked to the Paribu exchange to catch the increase in GOZ price. However, GOZ token, which had a total market value of $ 4 million in just 24 hours, had a transaction volume of over $ 48 million. The Göztepe fan token initiative is currently selling at $3.68 fueled by news that a Russian oligarch might invest. While the club’s followers were ecstatic at the announcement, token investors were ecstatic. But that hype may fade as quickly as the news remains unclear. cryptocoin.com We will be presenting the current price analysis.
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