Manchester City’s official fan token has risen sharply with rumours that the English champions are set to sign Cristiano Ronaldo.
Manchester City’s official fan token, CITY, has risen by 25% in the last 24 hours. The rise follows rumours that the Champions League finalists are close to signing Cristiano Ronaldo from Italian giants Juventus and confirmation of the transfer could push the current price of the token to $32.57 – the CITY token’s all-time high of $35.49 looks possible.
If you want to “buy the rumor” before the news is confirmed, read on to learn more about the official token. We will also tell you the best place to buy CITY tokens.
How and where to buy CITY in France and elsewhere?
You can buy CITY tokens from most popular brokers and platforms in the market. Buying crypto-currencies has never been easier. All you need to do is create an account, verify your identity and make your first deposit. You will then be ready to trade once your account is confirmed. Make sure you always stick to regulated and licensed platforms, as their compliance with regulations helps protect your funds from bad actors such as hackers and scammers.
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What is the CITY token and why has it risen so much?
CITY is the official token of Manchester City Football Club supporters. The token, issued by Socios.com, allows fans of the English champions to truly “own” a piece of their team.
Holders of CITY tokens get aCITY tokens give fans priority access to certain tickets, stadium tours, VIP packages and other benefits. Tokens also carry some weight in governance, meaning that fans who hold CITY can actually participate in discussions about how the club should be run.
The CITY token has been booming ever since rumors surfaced that Manchester City were interested in signing Cristiano Ronaldo, a 5-time Ballon d’Or winner and arguably one of the greatest soccer players of all time. The striker, who currently plays for Juventus, would be returning to English football for the first time since leaving Manchester United in 2009.
Should I buy CITY today?
If the Ronaldo rumors are confirmed, it is very likely that the CITY token will break through its previous all-time high at $35.49. The CITY token is currently hovering around the $33 mark and after a 25% increase in the last 24 hours, another price spike could be coming due to sustained hype.
The token has also risen steadily since the beginning of July, giving it a solid base to rally from. This suggests that even if the hype around Ronaldo’s transfer fades, a major pullback could be avoided thanks to strong consolidation.