In the cryptocurrency market, fan tokens have always been a highly regarded area. Recently, the fan token $CITY of Manchester City Football Club has attracted the interest of investors. Since its launch in November 2021, the token has experienced significant price fluctuations.

From its historical peak of $53, it has plummeted to around $0.7 on July 14, 2023, resulting in an astonishing 70-fold drop for $CITY. However, the current price has rebounded to around $1, indicating potential signs of a rebound.

The market capitalization of $CITY is approximately $11 million, with a total supply of 11 million tokens. Considering the upcoming Premier League season, especially the multiple matches of Manchester City from August to October, this could bring more attention and potential value increase to $CITY.

It is worth noting that the fan token sector has performed well recently, which may provide a favorable market environment for the rebound of $CITY. Analysts predict that the first rebound target for $CITY may be between 1.5 and 2 dollars.

However, investors should keep in mind that the cryptocurrency market is highly volatile and risky. Although $CITY shows some rebound potential, comprehensive research and risk assessment should be conducted before making any investment decisions.

With the continuous development of Web3 technology, fan tokens, as a new type of digital asset connecting sports clubs and supporters, deserve ongoing attention for their future development. For investors interested in both football and encryption, $CITY may be a project worth researching.