FC barcelona fan token price prediction: Is BAR more than a crypto?
It is linked to one of the world’s biggest football clubs, but what is the fc barcelona fan token (BAR)? Let’s see what we can find out about BAR, and also take a look at some of the fc barcelona fan token price predictions that were being made on 2 September 2022.
What is fc barcelona fan token?
BAR to USD
Very often, the sign that an idea has become successful is when people, companies and organisations that had nothing to do with it jump on the bandwagon of an original concept and get involved. This is something that, ultimately, speaks very well as to how cryptocurrency has been doing in recent times.
Although there are well-respected coins and tokens based on blockchain technology that have garnered some attention from investors, sometimes it takes an established brand from the outside to come along and get people interested, thus helping bring crypto to a new audience.
If we consider that one of the biggest things in the world is association football, then it is perhaps not that much of a surprise to note that people and organisations from the world of soccer are dipping their toes in the world of cryptocurrency.
One such organisation is FC Barcelona. The Spanish giants are one of the world’s biggest sports teams, having won their nation’s title 26 times and having been champions of Europe five times. The fc barcelona fan token (BAR) was developed in association with Chiliz (CHZ), the native token of the Socios crypto network. It is based on the Chiliz chain, a proof-of-authority (PoA) sidechain built on Ethereum (ETH), where fan participation votes are carried out through a series of smart contracts.
Chiliz developed the Socios.com app. It’s built on Chiliz blockchain infrasturcture. In June 2020, the project held a flash token sale – 600,000 BAR tokens were made available for purchase on the Chiliz platform.
Fc barcelona fan tokens can provide users with VIP guest access to Camp Nou – the club’s football stadium. Holders may be eligible to receive video messages from football players. Socios.com, the app that hosts fc barcelona fan tokens, also offers an augmented reality (AR) feature that allows users to buy BAR coins. Users are required to purchase BAR tokens in order to participate in polls on the Socios.com app.
The thing to point out is that, because BAR is based on Chiliz, which is based on Ethereum, it is, as its name suggests, a token, rather than a coin. You may see references to such things as a BAR coin price prediction, but these are wrong, technically speaking.
BAR price history
Now, let’s cast our eyes over the BAR price history. While past performance should never be taken as an indicator of future results, knowing what the crypto has done in the past can help give us some much needed context if we want to either interpret an fc barcelona fan token price prediction or else make one of our own.
At the start of 2021, BAR was trading in the $10 to $13 range for two months until 15 March 2021, when the price rallied to a daily high of $61.47.
This rally coincided with an announcement made that same month about the release of fc barcelona fan token NFTs on the Socios.com app.
After a dip to a low of $26.53 on 6 April 2021, the fc barcelona fan cryptocurrency rallied, reaching a high of $72.92 on 7 April before closing at $51.99 that same day.
After dipping to a closing price of $35.48 on 19 April, another peak followed, with the BAR coin surging to its all-time high of $79.26 on 21 April and going on to close that day at $47.27. On that same day, Binance, the world’s largest crypto exchange, announced that it would be offering a launchpad subscription format whereby users could purchase BAR tokens using Binance Coin (BNB) with a 30% discount for a limited time period of three hours before the coin was listed for trading.
In the summer of 2021 it was announced that Lionel Messi, one of the world’s highest-paid sportsmen, would be transferring from FC Barcelona to Paris Saint Germain (PSG) football club. The BAR price action moved lower after his transfer on 10 August 2021, bottoming out at $15.11 on 21 September 2021.
In November 2021, FC Barcelona appointed Xavi Hernández as the new head coach, but the coin continued to trade within the $11 to $15 range during the month, although the price fell in December, closing the year at $8.83.
It seems that 2022 has not been a very good year for BAR. Not even the power of the beautiful game could save the token from geopolitical events, with it falling to a low of $4.67 on 24 February in the wake of Russia’s invasion of Ukraine – although there was a recovery to a high of $9.94 on 2 April.
Following that, though, the market and BAR fell. This was made worse when the UST stablecoin became depegged from the US dollar and the associated LUNA cryptocurrency collapsed and BAR fell to a low of $2.43 on 12 May.
Following that, though, there was something of a recovery to an intraday high of $5.56 on 10 June, before another downturn saw it worth $3.68 on 18 June. Since then, though, the price has trended upwards and, at the time of writing on 2 September 2022, BAR was trading at about $6.90. At that time, there were 3,951,907 BAR in circulation out of a total supply of 40 million. This gave the token a market cap of around $27m, making it the 519th largest crypto by that metric.
Fc barcelona price prediction round-up
With that all over and done with, let’s take a look at some of the fc barcelona fan token price predictions that were being made as of 2 September 2022. It is important to remember that price forecasts, especially when it comes to a commodity as potentially volatile as cryptocurrency, can very often be wrong. Also, long-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice.
First, Gov Capital made a BAR crypto price prediction that BAT could have slipped to just under $5.30 by the end of 2022. By 2 September 2023, the site said the token could have changed hands at around $19, after which it could have gone on to $28.73 12 months. The site’s fc barcelona fan token price prediction for 2025 predicted it could have begun the year at around $22.98, before it could have risen to $35.71 on 2 September that year and could have closed 2022 down at $28.15. By 2 September 2026, the site said BAR could be valued at almost $40.74, before it could have reached a fraction of a cent under $43.51 a year from then.
Next, CoinArbitrageBot was extremely bullish in its fc barcelona fan token price prediction for 2022, and said it could be priced at a little under $17.89 at some point this year. The site went on to suggest it could have achieved $31.83 in 2023 and $51.40 in 2024. By 2025, the site argued that BAR could have gone on to $83.33.
Meanwhile, PricePrediction had a BAR price prediction that the token could have fallen in the short term to $6.79 in 2022, before it could have risen to $22.37 in 2025, $44.97 in 2027, $63.46 in 2028 and could have closed the decade at $96.78. The site went on to make an fc barcelona fan token price prediction for 2030 of $139.24, before arguing the crypto could reach $206.29 in 2031.
Finally, WalletInvestor struck a far more bearish note in terms of its BAR price prediction and suggested the token could face some pretty dark days going forward with its one-year forecast for the crypto that it could have been worth a mere $0.31.
When considering a BAR token price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.
FAQs
Is fc Barcelona fan token a good investment?
It is hard to say. It is difficult to find a use for the crypto that is not specifically designed for fans of the club, but let’s not forget that anything can, at least in theory, happen.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the fc barcelona fan token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
What is the future of fc barcelona fan token?
While the BAR token achieved its all-time high of all-time high of $79.26 on 21 April, the prospect of BAR trending higher may largely depend on the token achieving broader adoption.
Will the BAR price go up or down?
It is hard to say at this stage. While the likes of CoinArbitrageBot are upbeat, sites such as WalletInvestor are rather more pessimistic. Let’s also remember that price forecasts can very often be wrong, and that prices can go down as well as up.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the BAR token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in fc Barcelona fan token?
Whether you should invest in BAR is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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