On the final day of the year, the Turkish Super Cup was the center of attention until the final match was canceled following heated debates that erupted hours earlier. Bitcoin is attempting a recovery from its daily low, while the FB Token seems to have fallen victim to early profit-taking. The expectations for FB and GAL Tokens are uncertain.
Controversies surrounding multiple issues, including the prohibition of banners, t-shirts featuring Atatürk, and the Turkish national anthem, overshadowed the Turkcell Super Cup match scheduled in Riyadh, Saudi Arabia. Fans of Turkey’s major teams, Galatasaray and Fenerbahçe, expressed outrage on social media, demanding that their teams not participate in the match.
Following unsuccessful discussions with Saudi authorities, who had previously warned against political slogans and posters, the teams did not leave their hotel rooms as the ban on commemorating Atatürk remained in place. This decision infuriated both the teams and their supporters.
After a prolonged decline, the FB Token had climbed back to $1.2 from a low of $0.91 on July 10. Despite impressive gains in BTC and altcoins, FB Token did not experience the expected surge in value.
Weak trading volume and absence from global exchanges have contributed to FB Token’s lackluster performance since its listing. Similarly, the Galatasaray Fan Token experienced a loss of nearly 5% following the cancellation of the final match, continuing its struggle with low volatility, hovering around the $1.75 range.
Since September 21, 2023, fan tokens, including the Galatasaray Fan Token, have failed to sustain a price above $1.8, sharing a fate similar to their counterparts. Initially sparking great excitement, team tokens have become victims of low volume in bear markets, struggling to attract new investors.
