Fan tokens have emerged as innovative digital assets created by sports teams, clubs, and brands, primarily with the goal of enhancing fan engagement and generating novel revenue streams. These tokens leverage the power of blockchain technology, a decentralized and transparent ledger system, to provide a secure and reliable platform for their operation.

One of the key features of fan tokens is their ability to enable holders to actively engage with the team or organization. Through these tokens, fans can participate in various activities such as purchasing priority tickets, thereby enjoying exclusive access to events or games. Additionally, fan token holders are often granted voting rights in important club decisions, including the selection of new kits, slogans, or jersey designs. This level of involvement empowers fans and gives them a sense of ownership within the community.

To acquire fan tokens, individuals typically utilize cryptocurrencies, which are digital currencies secured by cryptographic technology. Owning fan tokens comes with a range of benefits and privileges for fans. These may include exclusive access to premium content or merchandise, the ability to cast votes that influence club decisions, or even the opportunity to earn rewards or incentives.

It is worth noting that fan tokens differ from non-fungible tokens (NFTs) in their fungibility. While NFTs are unique and distinct, each fan token is interchangeable with any other token of the same type. This fungibility ensures that every fan token holds equal value and properties, similar to how one Bitcoin (BTC) holds the same worth as another Bitcoin ($BTC ).

In summary, fan tokens serve as digital assets that utilize blockchain technology to boost fan engagement and establish alternative revenue streams for sports teams, clubs, and brands. Through the ownership of these tokens, fans gain access to exclusive privileges, participate in club decisions, and contribute to the overall fan experience.

#WebGTR #FANTOKEN #FAN #LAZIO #SANTOS

Whatever control the bulls managed to gain yesterday, is gone today as shown by the 0.42% decline in total market cap, and the decline from $1.69 trillion to $1.68 trillion.

The crypto market’s heatmap is also almost completely red, as shown above. In terms of liquidations, the last 24 hours haven’t been kind to the bulls either, as shown by data from Coinglass.

While the total liquidations sit at around $99 million, the bulls have taken a $71 million hit over the last 24 hours, compared to the bears’ $27 million.
Overall today, we can say that the bears hold the most influence over the market. Not because they are especially strong by any means, but because the bulls either lack the strength, or the motivation to put up a fight.  

Bitcoin Holds The Line At $42,800
According to the charts, the $42,800 zone presents itself as a crucial support/resistance, and Bitcoin has been fighting tooth and nail to not stray too far below this line.

Bitcoin currently trades at around $42,888, indicating that at least from a short-term perspective, the bulls are winning.
So far, Bitcoin’s price action has printed higher highs from here, leading us to conclude that a small indicator of bullish strength would be a break above $43,060, in Bitcoin’s attempt to break above $45,000 again.  

Ethereum: Any Day Now…
Ethereum’s performance has been impressive so far, when it comes to staying afloat, as shown by the chart above.

Ethereum has managed to keep itself above the $2,500 resistance so far, indicating that we may see this much-anticipated Ethereum rally very soon.
Ethereum is likely to spend the next few days in a rally, going slightly higher than $2,614 and no lower than $2,500. Unless of course, the bears take control.  

Solana Targets $100
When it comes to effort, Solana is putting a lot in.

Solana currently trades at the psychological $100 mark and has been cornered into a symmetric triangle formation as shown above.
Solana’s strength has been impressive over the last few weeks, and if the bulls continue to put in this effort, we are bound to see a break out to the upside very soon. Solana’s price targets include anywhere between $125 to $150.  

Santos FC Token’s Performance
Yesterday, several soccer-related tokens started to rally against one another, with Santos taking the lead. Today, we have several of these tokens taking the “top loser” rankings. All of them, except for Santos.

Santos has now climbed the ranks to become the 4th hottest cryptocurrency on Binance, right under Ethereum.

This bullishness is shown by Santos’ price action above, which frankly, does not look sustainable.
At the same time, the fact remains that Santos is one of the most bullish cryptocurrencies on Binance at the time of writing, and has gained around 85% in value this week alone.  

SUI Makes The List
SUI was one of the market’s top gainers over the last day, and today is no different.

According to the chart above, SUI is consolidating around the $1.3 zone at the time of writing and is trying to break above $1.317. This is one of the biggest hindrances to SUI's rally further upward, and we need to see a breakout as soon as possible.
If SUI proves unable to break past $1.317 and reclaim Monday’s $1.45 high, we might see a decline that takes it straight down to around $0.9.  

#BTC #ETH #SUI #SOL #SANTOS
$SUI $SOL $SANTOS

The bulls have regained some semblance of control today, judging by the 0.46% increase in total market cap from $1.68 trillion yesterday, to $1.69 trillion today.
The crypto market’s heatmap has also turned green today, as shown below:

The bullish price movement on the crypto market’s heatmap is relatively small on Bitcoin today, and more pronounced on the altcoins. Bitcoin’s dominance has also declined slightly from above 50% to around 49.75%. Both of these factors hint at a sort of altcoin dominance being inbound.

The crypto market's liquidations over the last day, have also increased slightly to around $105 million. This time around, the bulls have a very small edge over the bears, having lost only $50 million to liquidations compared to the bears’  $55 million.
Today, we can conclude that the bulls have control of the market. This control isn't so pronounced, but it's a work in progress.  

Another Decline On Bitcoin?
Bitcoin’s supposed rebound from $41,444 as shown below, is turning out to be a hoax.

Bitcoin, after travelling up for a little bit, has now declined and is printing red after red candle as shown above.
A real indicator that Bitcoin's recovery wasn't valid, would be a break below $42,065, or yesterday's low. Bitcoin currently trades at around $42,773 and has only moved up by around 0.3% over the last day.  

Ethereum Takes The Lead
Ethereum, for some reason, is doing much, much better than Bitcoin. While Bitcoin struggles to rally by 0.5%, Ethereum is currently up by 1.4% and is making one higher high after another, from a medium-term perspective.

The above setup on Ethereum shows a very valid bullish perspective, with Ethereum currently testing the $2,565 support, which was also Thursday's high from last week.
If things play out as expected, we are bound to see Ethereum retake $2,700 and travel further upwards to the $3,000 target.  

Soccer Tokens Are On The Rise
Today, we have several soccer-affiliated tokens rallying strongly, and ranking as some of the best performers on Binance.
For example, we have the Santos FC token, rallying by 59% and ranking as the #1 best performer with a price tag of $5.41.

Up next is Lazio FC’s token, with a 19% price increase, a #4 rank on Binance, and a price tag of $2.56. Finally, we have the Porto and PSG FC tokens, with 14% and 11% price increases respectively, as well as $2.42 and $3.7 price tags respectively.  

Maverick Protocol (MAV) Joins The Ranks  
For some reason, MAV has joined the ranks as the 8th hottest cryptocurrency on Binance. The cryptocurrency is up by 14% over the last day at the time of writing and currently trades at $0.64.

According to the charts, MAV has been on a tear as of late, rallying from around $0.45 to today's intra-day high of around $0.68.
MAV is in a consolidation phase of around $0.64 at the time of writing, and a retest of the $0.56 resistance is possible. However, MAV looks bullish overall, and the rally is bound to continue.    

#BTC #ETH #MAV #SANTOS
$MAV $SANTOS $ETH