The cryptocurrency industry experienced a huge revival in 2020. Thousands of new projects entered the scene, benefiting greatly from the upwards momentum of the market.
Fan tokens for sports clubs emerged as a new utility for sporting and blockchain enthusiasts. At the same time, users were struggling with high decentralized exchange fees. As a result, we saw projects like Serum try to improve upon the space and bring faster and cheaper transactions to traders.
In this article, we compare PSG vs SRM, two tokens with quite different use cases but similar upside potential as an investor. We take a look at their basics and analyze price forecasts from reputable sources on the internet.
What Is Paris Saint-Germain Fan Token?
PSG token is a fan token that allows holders to interact with their favorite club through the Socios.com platform. These tokens provide governance power to the fans and offer them to be more involved with the sporting club of their choice.
The PSG token is the token of the globally-recognized Paris Saint-Germain football club. It empowers fans by letting them take some of the decisions in the club. This includes choosing anthems or jerseys and participating in a meet-and-greet with their football heroes.
Acquiring PSG tokens goes through the Chiliz platform, which provides the fan token ecosystem for all the clubs under the Socios app. Users need to purchase CHZ tokens first, and then exchange them for the fan tokens of their choice.
These tokens are a great way to keep fans engaged and blockchain enthusiasts more interested in sports. A win-win strategy that has proven to be successful, with more than 23,000 holders at the time of writing.
PSG Price Prediction
The PSG token experienced a huge rally in the 2021 bull market, running from $6 to an all-time high of $53. That said, the bear market has been quite harsh on its price, as the token is currently trading at $3.4.
Despite this downturn, analytics websites still provide some bullish visions for PSG in the future. Priceprediction.net, for instance, predicts a price of $9.97 by 2025. In the long term, they hope to see PSG go as high as $66.04 in 2030.
A great way to purchase PSG is by visiting https://godex.io/.
What Do We Know About Serum?
Serum is a decentralized exchange that aims to solve the recurring problems of the DeFi industry. The glaring issues of incredibly high fees on Ethereum exchanges have been a bane to mainstream traders.
A single swap on Uniswap can cost hundreds of dollars in times of high activity on the chain. Providing liquidity and withdrawing it can be even more prohibitive.
To counter this issue, Serum has launched a DEX that revolves around a central order book, instead of liquidity pools. This allows partners to provide liquidity and offer services to both institutional and retail traders.
The SRM token has two main use cases — to provide rebates for trading fees and allow holders to vote on governance proposals from the platform.
SRM Price Forecast
The bull market of 2021 was very favorable to the SRM token, allowing the price to rally from $1 to $11 at its all-time high. The price has retraced significantly since then, currently hovering at around $0.12.
While this huge downturn can be discouraging for new investors, some might see an opportunity for acquiring SRM at a very low price.
Priceprediction.net expects to see SRM reach at least $0.38 — a 300% increase from the current levels. For 2030, their forecast is even more bullish, with a target of $2.52 per token.
What Is the Best Investment?
PSG and SRM are hugely contrasting cryptocurrencies with different use cases. As such, their price actions will be tied to unrelated events in the industry. Consequently, investors might diversify in both assets if they want to take advantage of different crypto narratives in the future.