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

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Bitcoinsistemi2025/02/14 23:00

By:Mete Demiralp

Following the investment announcement of Tether, the world's largest stablecoin company, there was an increase in the popular altcoins of a period.

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.

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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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