They are one of South America’s biggest football teams, but what is santos fc fan token (SANTOS)?
Let’s see if we can find out, and examine some of the santos fc fan token price predictions that were about on 18 August 2022, too.
Santos fc fan token explained
One of the marks of a successful idea might well be when people, companies and organisations 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.
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.
While some of the larger European clubs have created their own regular crypto tokens and non-fungible tokens (NFTs), the South American market is also ripe for potential, with dedicated fans ready to spend their money on their teams’ merchandise.
Enter the Binance (BNB) Fan Token program. This idea is designed to set up cryptos linked to people’s favourite teams. It has two European football teams signed up to it – Portugal’s Porto and Italy’s Lazio – and it was looking for a link to the massive South American market.
Santos FC are one of the largest football teams in Brazil, with eight Brazilian championships to their name. More to the point, perhaps, they have a strong fanbase. With those two things established, it is perhaps not entirely unsurprising that Santos has got involved in the world of crypto, which it did in late 2021, when it signed up to the Binance Fan Token universe.
The santos fc fan token is based on the Binance Smart Chain (BSC), and was first launched in late 2021. One important thing to note is that the santos fc fan token does not have its own whitepaper.
Considering that a whitepaper – basically, a document containing the important technical points of a cryptocurrency – is a crucial tool in helping investors to decide whether or not to invest in a crypto, the fact that SANTOS does not have one of its own might be seen as being a potential red flag.
There is, however, some information on the Binance website that might serve a similar purpose, although whether it can truly take the place of a detailed whitepaper is something that investors will have to decide for themselves.
Anyway, the idea is that the SANTOS token allows people who hold it to take part in votes on certain issues. For instance, in July 2022 token holders were invited to decide on the subject for a song that the team’s mascots, Baleinha and Baleiao, could dance to at half-time in the side’s next home match. There is also the opportunity to buy match tickets and merchandise, as well as the opportunity to buy NFTs and win prizes.
It is also worth noting that, while there is no official founder for SANTOS, Binance is run by CEO CZ Zhao, who said at the time the token was launched:
Santos fc fan token price history
SANTOS price history from launch to present
Let’s cast our eyes over the SANTOS price history. While past performance should never be taken as any indicator of future results, knowing what the token has done in the past can help give us some context if we want to either make or interpret a santos fc fan token price prediction.
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When SANTOS first came onto the open market on 1 December 2021, it was worth $23.03, with the price initially rising to an all-time high of $28.60 later that day. Unfortunately for the crypto’s earliest investors, though, it then plunged to close the day at $10.45 and things got worse, with it dropping below $5 on 4 December and struggling to close the year at $3.50.
Things have been bad for the crypto market as a whole in 2022 and SANTOS has, for the most part, slumped as the overall value of cryptocurrency has gone down. That said, there has been one bit of good news for investors, which we will come to.
Anyway, despite a rise to $4.43 on 11 January, there was then a decline that bottomed out at $2.02 on 24 February, as Russia invaded Ukraine. Following that, though, there was a recovery, boosted by the news that SANTOS holders had voted for the team’s mascots to ride a skateboard, with it reaching $7.84 on 13 March.
Our @SantosFC fans have spoken! ⚪️⚫️$SANTOS token holders picked...— Binance Fan Token (@BinanceFanToken) March 14, 2022
????Baleinha and Baleião???? to ride a ???? skateboard???? for their next viral hit!
Think they can pull it off?
Find out here ▶️ https://t.co/8h0oaWlvxq#binancefantoken #santosfc pic.twitter.com/JQOZ4ij7zB
There was some recovery following this, with the price peaking at $5.01 on 9 June. After that, the cancellation of withdrawals on the Celsius Network crypto lending platform confirmed crypto was in a bear market and SANTOS dropped to $3.24 on 18 June.
Following that was another upturn of sorts which saw the price reach highs of between $6.38 and $6.45 in the middle of August. Although it closed 17 August at $5.98, the price of the token skyrocketed on 18 August and it was trading at one point that day at about $13.44.
At the time of writing (18 August 2022), on CoinMarketCap there were 4.55 million SANTOS in circulation out of a total supply of 30 million. This gave it a market cap of around $62m, which made it the 358th largest crypto by that metric.
Santos fc fan token price prediction round-up
With that all said and done, let’s take a look at some of the santos fc fan token price predictions that were being made as of 18 August 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, CoinArbitrageBot made a santos fc fan token crypto price prediction for this year of $11.19. There might, the site said, be a recovery over the course of the next year and SANTOS could have traded at $22.64 in 2023. In 2024, the site said the token could have continued to grow to $36.64, while it added a santos fc fan token price prediction for 2025 that the crypto could have achieved $59.28 that year.
Next, Gov Capital was also downbeat, making a santos fc fan token price prediction for 2022 that saw it slump from its current levels to close the year at a little under $4.80. By 18 August 2023, the site said there could be further decline to below $4.57, while a year from then, the forecast was for SANTOS to have potentially recovered to $5.45. On 18 August 2025, the prediction suggested the token had moved to between $6.93 and $6.94, with more potential recovery suggested to between $7.62 and $7.63 12 months from then. From there, the site predicted that by 13 January 2027, the SANTOS token price could have fallen to a level so low as not to be worth measuring. Despite that, the site implied that it did not think that it would become a dead coin, making a five-year forecast of a little below $6.05.
Meanwhile, PricePrediction offered a SANTOS price prediction that it could have dropped initially to $5.59 this year, before it could have climbed to $7.81 next year and $11.80 the year after that. By 2025, the site said, SANTOS could be worth around $16.65, before it potentially achieved $24.19 in 2026, $35.49 in 2027, and $49.60 in 2028. The site argued that SANTOS could close the decade at $70.68, before it made a Santos FC fan token price prediction for 2030 of $103.71. By 2031, the site suggested that SANTOS could have traded at $152.15.
Finally, WalletInvestor offered a fairly bearish outlook, with a SANTOS price forecast that said the token could have fallen to $6.15 by August 2023.
When considering a SANTOS token price prediction, it’s 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.
How many santos fc fan tokens are there?
On 18 August 2022, there were 4.55 million SANTOS out of a total supply of 30 million.
Is santos fc fan token a good investment?
It is hard to say. It can be somewhat difficult to tell whether someone who does not support Santos FC can find a usage in SANTOS, so you will need to be careful.
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 santos fc 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.
Will santos fc fan token go up?
It is not entirely easy to tell. While the likes of PricePrediction were optimistic about the long-term, there was a lot of pessimism coming from sites like Gov Capital as of 18 August 2022.
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 SANTOS 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 santos fc fan token?
This will depend on what you think the fan token’s potential is, as well as an assessment of the crypto market as a whole.
Whether you should invest in santos fc fan tokens 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.