2021 has been dominated by altcoins including Solana, Dogecoin, Axie Infinity and Shiba Inu.
Whilst these altcoins have dominated headlines, alt season isn’t over and there are more and
more coins vying for attention – one of the more promising ones is Phoenix – and in this video ill
take you through the ins and outs of PHB and it’s price prediction but first please make sure to
subscribe to the channel and press the bell icon to stay across the latest videos from Kalkine!
So, What is Phoenix Global cryptocurrency?
Well according to it’s white paper, it’s a decentralized apps focused blockchain.
The project claims to have multi-chain support for smart contracts
and has the ability to have DApps developed on it. Off-chain storage is also available.
The project will use PHB as the native token of the network. PHB crypto will be
used for payments and rewards within the Phoenix Global blockchain, and the official white paper
outlines that PHB’s supply will be increased in phases, 10 per cent every year. The project
not yet however declared it’s token burning mechanism to help increase individual token value.
PHB has two tokens listed – PHB (old) and PHB (new). The former uses the Neo platform and the
latter uses the Binance Smart Chain (BSC). The migration to BSC happened in early November.
Binance previously announced that PHB old, would assume the ticker PHBv1
after the migration. Users of the older version were eligible for new PHB swaps.
PHB CRYPTO PRICE
The PHB old token is currently priced at approximately US$0.0085.
The market cap of the token is nearly US$33 million. In early November 2021,
PHB Old reached a price of over US$0.9. PHB New is priced at nearly US$0.67 at the time of writing,
and on November 29 saw a peak of US$0.9. Gradually that peak has tapered and is now
So with all that said what is the PHB New price prediction? The BSC token,
PHB New - has a market cap of US$25 million. Though it ranks inside the top 1,000 cryptos, the
price data is not enough on its own or comparable to other high cap cryptos, and as a result a solid
prediction of PHB is hard to make. PHB New traded above US$0.75 during the first half of November
before a bearish trend set in. A spike and a fall over the past few days is indicative of increased
activity, and this can lead to further interest in the crypto. By 2022, PHB price may breach the
US$1 mark if consistent activity persists and an increase in trading volume is experienced.
So what’s next?
Phoenix Global blockchain has joined an already crowded space that has players like Ethereum,
Cardano and Solana, all multi-billion dollar market cap cryptocurrency projects.
However, the initial days of any new crypto project are usually humble. PHB migration to BSC
can and should, add value to the project. Any further price change in near-future will be
mostly speculative, [w] However, medium-to-long term price changes will most likely be determined
by PHB’s blockchain development. If you enjoyed this video please like,
share, subscribe to the channel, drop us a comment about what other crypto related info youd like us
to look at and press the bell icon to stay across the latest videos from Kalkine. For more info just
head across to the website, kalkinemedia.com – im james preston reporting for kalkine.