FC Man City Fan Coin is the FC Porto Coin competitor, which is based on the same breed of token – has seen its price cool off a little recently.
It reached a record high of $35 in November, but has now dropped to $13.5.
The coin fell rapidly at the end of November.
It had stayed relatively stable since, but dipped by more than 11 per cent on Thursday.
The fan token cryptocurrency has still surged by more than a ridiculous 300 per cent over the last year.
But what is making is so popular, and is it possible to predict if it could continue to grow? Here is what you need to know.
What is FC Man City Coin?
FC Man City Fan Token is the 21rd launch of Binance Smart Chain. It is a BEP-20 token that has been launched in the market to transform the experience of all Man City fans. This token authorizes the Man City fans to participate in voting, search and collect digital collectibles, buy NFTs and even enjoy the gaming features which are given to fans with rewards.
The live Manchester City Fan Token price today is $13.34 USD with a 24-hour trading volume of $9,055,537 USD. We update our CITY to USD price in real-time. Manchester City Fan Token is up 3.59% in the last 24 hours. The current CoinMarketCap ranking is #648, with a live market cap of $46,816,101 USD. It has a circulating supply of 3,508,140 CITY coins and a max. supply of 20,000,000 CITY coins.
If you would like to know where to buy Manchester City Fan Token, the top cryptocurrency exchanges for trading in Manchester City Fan Token stock are currently Binance, Mandala Exchange, FTX, Paribu, and Chiliz. You can find others listed on our crypto exchanges page.
On its website, FC Man City Coincalls itself.
It was launched in Nov 2021 and is listed on its decentralised exchange called Binance.“Everyone has to buy on the open market, ensuring a fair and complete distribution where devs don’t own team tokens they can dump on the community,” the website states.
Some investors find coins like Man City attractive, as they offer the opportunity for quick gains. However, you can also lose all your money in little more than an instant.
Ben Gordon, head of institutional sales at crypto-derivatives exchange FTX, told Ocean Media of Man City will rise: “Fan tokens have value and have been an investible thesis in 2021. Lower dollar-price tokens are attractive to retail.”
The market has also been buoyed by rumours it may soon be added to the popular trading platform Robinhood.
He added: “We feel very, very good about the coins that we’re currently listing on our platform. And for any new coins that we add, we want to feel equally, if not more good.”
Musk has revealed that he does not own any FC Man City Coinhimself, but does have Bitcoin, Ethereum and DogeCoin.
Michael Brown, CEO of fintech firm Broctagon, said it is possible for Man City Coin to reach the heights of $100.
Should I invest in Shiba Inu?
People invest at their own risk and cryptocurrencies are not regulated by British financial authorities.
All crypto investments are risky, but meme coins like Bitcoin are particularly volatile, and you should be prepared to lose everything you invest.
The Financial Conduct Authority (FCA) warned in January: “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money.