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BitcoinSistemi 2025-02-14 19:48:06

One of 2021 Bull Season’s Most Prominent Altcoins Bounces After Tether’s Investment Announcement

One of 2021 Bull Season’s Most Prominent Altcoins Bounces After Tether’s Investment Announcement

Tether, the world’s largest stablecoin issuer, has made a strategic investment in Italian football club Juventus FC, triggering a significant rally in the prices of cryptocurrency fan tokens. According to a press release, the firm’s investment arm, Tether Investments, has acquired a minority stake in Juventus FC. The news sent Juventus FC shares up 2.5% on the Italian stock exchange. The development has seen the price of the Juventus Fan Token (JUV) increase by more than 100%. However, the token is still trading 94% lower than its all-time high. Related News: “Extraordinary Movements” in Bitcoin on Weekends for Five Weeks - Standard Chartered Comments Tether’s investment also fueled a broader rally in the fan token market, with the SS Lazio Fan Token (LAZIO) up 11%, while the FC Porto Fan Token (PORTO) saw gains of over 10% on the day. Other European club tokens, including those linked to Tottenham Hotspur, Paris Saint-Germain and Napoli, also saw notable price increases following the announcement. Fan tokens were particularly one of the most prominent themes of the 2021 cryptocurrency bull market. *This is not investment advice. Continue Reading: One of 2021 Bull Season’s Most Prominent Altcoins Bounces After Tether’s Investment Announcement

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