Manchester City Fan Token Price Prediction – Should You Buy it Before it Kicks off in 2023?

The excitement around the Manchester City football team following its qualification for the UEFA Champions League seems to have also extended to the CITY fan token. CITY was a CoinMarketCap hot topic. But as of October 13, its price was still in trouble, with the token dropping 15% over the previous month. This casts a negative light on fan tokens because green cryptos like Impt.io and Tamadoge dominate the cryptocurrency market in terms of hype and value.

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The idea of fan tokens was invented by Socios, a division of the Mediarex Group, a worldwide entertainment, and sports company established in 2006 by Alexandre Dreyfus, a French national. Football clubs like Manchester City, which unveiled its token, CITY, in the summer of 2021, are using this technology today. The CITY ticker represents the club's token, which functions similarly to most cryptocurrencies in the Socios network. Investors can participate in some choices, receive benefits, and attend exclusive events.

For instance, all the team's games are open to CITY holders with VIP access. Additionally, they get to meet the players and receive signed memorabilia. They can also cast votes for decisions typically related to style or fans. Holders of CITY last year cast votes for the "moment of the season." Investors are limited to one vote in every poll, the weight of which is determined by how many fan tokens they own.

Manchester City Fan Token Yesterday and Today

On May 25, 2021, CITY debuted at $19.81 and increased somewhat to a peak of $35 before falling back to its initial price. On June 22, it was down to $10. However, CITY resumed its ascent at the beginning of August after holders got the chance to vote on the design of its fan wall.

Investors in CITY had the opportunity to watch Manchester City play at their home stadium, Etihad, later in the month. On August 27, CITY rose to an all-time high of $36.90. After this peak and through 2022, CITY's worth decreased. As a result of Socios' contest to win VIP tickets to the game against Liverpool, CITY did experience a little uptick in March. On April 2, 2022, the fan token reached a high of $18.44. Eventually, CITY kept declining till it sank to an all-time drop of $3.55 on May 12.

The fan token is trending on CoinMarketCap as of the time of writing since the football team has advanced to the UEFA Champions League tournament. CITY is currently selling at $5.48 on October 13. Over the preceding seven days, it had fallen 15%.

Manchester City Fan Token Tomorrow (2023 – 2025)

Analysts were split on their projections for the CITY price as of October 13. The panic and greed indicator was showing "severe terror," according to CoinCodex, which indicated a pessimistic mindset. There were only three positive technical indications out of an overwhelming 25 "sell" signals. Additionally, several other top world analysts and experts in the cryptocurrency world, like DigitalCoinPrice, PricePrediction, and CoinmarketCap, have drawn several conclusions which have tallied the price of CITY in the future. The table below explains their combined average predictions.

Regardless of this gradual ascent, we all know the cryptocurrency world is very volatile. The club's tokens will only be affected by the club's performance, which can go wrong when they begin losing games catastrophically, hence losing their fans and investors.

However, the world of fun will never cease to exist, and that's why some green tokens are pulling the crowd and will still keep pulling more investors, especially when tokens with actual value like Impt.io, which deals in tokenizing carbon credits so that customers can obtain them as NFTs, and Tamadoge (TAMA) which offers play-to-earn gaming for its investors and users.

Tamadoge and its ultra-rare NFTs 

On Thursday, October 13, 2022, the market-leading NFT marketplace OpenSea's top trending collection was Tamadoge Ultra Rare NFTs. This surge occurred when they launched their NFTs this week at an auction and sold at a whopping sum of 4.463 ETH raising its interest by several percentages.

Players will care for, feed, and nurture their pets, and as soon as they reach adulthood, players can compete against one another to advance on a leaderboard and win prizes. Furthermore, the Tamadoge game directly influences the cost of TAMA. 

Users need to purchase virtual goods from the Pet Store, like food and toys, to care for and nurture the NFT pets. TAMA, which only had a small amount of 2 billion coins, to begin with, became deflationary due to the 5% processing fee added to every pet store purchase purchased with TAMA and transferred to a burn address. Now is the best time for new investors and traders in the crypto world to grab their lot while the price is on a gentle ascent.

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Impt.io (IMPT) on the move

With a proposed sell-out in a few weeks, Impt.io, which enables any person and company to offset their carbon emissions in an easy and safe method, is soon to be released to the market as they approach the end of their presale. In less than a week, the amount raised was over 1 million dollars which is an excellent sign that once the token is launched, it will surely hit through the roofs. Meanwhile, the current value of its 1st presale phase is over $4.4 million

.

The process flow is quite simple. First, the individual retires the carbon credits. Next, the burned NFTs are delivered to an invalid address, thereby removing all of their NFTs from distribution. This transaction is recorded on the blockchain, and the NFT functions no more.

This process prevents fraud and double counting since all platform participant transactions are stored on a shared database, where they are virtually impossible to tamper. Additionally, users receive special NFTs made by artists when they withdraw their carbon credits. Users can trade the NFTs on the market. 

Being an excellent improvement to the world of cryptocurrency instead of dangerous to the environment, many investors are already swooping in on the remaining balance of the original 600,000,000 tokens made available for presale.

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Final words

The prediction of the Manchester City Fan Token is something of great concern as it only relies on the club's performance which could come crashing down or rises, unlike the green cryptos like Tamadoge (TAMA) and Impt.io (IMPT), which will not only grant you lots of fun but also and give you significant profits. The club made it to the Champions League this year; will they make it next year?