The official crypto token of Spanish giant football club Juventus is now on the upside trend of the market, surging significantly after an announcement that football icon Cristiano Ronaldo is set to return to Italy. The CEO of Chiliz and Socios, Alexandre Dreyfus, made this known, noting that the $JUV token witness substantial value rise after it was declared that Ronald is heading to Italy to resume training.
$JUV on the rise following announcement of @Cristiano heading back to Italy for training soon. @juventusfc token is the first of 10+ to be launched soon including @FCBarcelona @PSG_inside @OGesports and many more on $CHZ ecosystem. pic.twitter.com/jhsFwou2bs
— Alexandre Dreyfus (@alex_dreyfus) April 28, 2020
The CEO captioned that the fan-based token surged by 18% against the US Dollar. As at press time, the value of the crypto is up by 21%, according to Coingecko.
At the beginning of the last 24 hours, the $JUV token maintained a price band of between $2.0 and $2.1. However, owing to the rise, a unit of $JUV token is now valued $2.54 at press time. With the present surge, the crypto token is now close to clinching its all-time high value.
After launch for trading in mid-April, $JUV reached a high value of $2.7 within two days from a starting value of 1.69.
The $JUV token went live after a partnership deal signed between Juventus football club and Chiliz, a sport and entertainment platform that utilizes blockchain.
Chiliz is a blockchain platform that specializes in developing fan-based for clubs. It has also partnered and launched tokens for other clubs like Atlético de Madrid ($ATM), Galatasaray ($GAL), Paris Saint-Germain ($PSG), FC Barcelona ($BAR), and Galatasaray among others.
The $JUV token went live on Chiliz exchange for trading on April 16, and it is the first Chiliz-based token to be tradeable.