Phantasma (SOUL) Shines in A Struggling Crypto Market -Breaking
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The Struggling Crypto Market Has Phantasma (SOUL).The market fell after one the most bullish rallies that the sector has seen. This forced crypto investors to experience a lengthy correction.
All the major cryptos suffered losses exceeding 5%. However, Phantasma, which is a less well-known crypto, thrived.
SOUL set several record highs over the past week. The highest was $3.39, on November 25, at the latest. SOUL’s price has risen by over 20% despite a sharp correction which saw it drop to $2.39.
Phantasma’s 7-day price chart (SOUL). Source: Tradingview
In the last seven days, SOUL has gained more than 70%, with the price of SOUL growing from $1.59 to $3.39 – however, the token now trades at $2.8975.
A 30 day price chart for Phantasma. Source: Tradingview
SOUL’s gains have exceeded 390% in the past 30 days. This makes it one of cryptos with the highest performance. Phantasma now ranks as the 190th biggest crypto with a market capital of $298 millions.
What’s Phantasma?
Phantasma, a fast and secure blockchain that allows for gaming and NFTs as well as dApps, is decentralized. Phantasma’s blockchain supports some of the most advanced NFT capabilities in the industry and is home to carbon-neutral Smart NFTs.
Phantasma’s blockchain layer is designed to bring the future of gaming into being. Developers focus on smooth experiences that increase developer revenues and empower gamers via digital item ownership.
SOUL, the governance token for the Phantasma Network is. But it’s not the only token. KCAL, the Phantasma’s energy token, allows for interoperability and decentralization of governance systems.
To The Flipside
- Even though Phantasma is a great platform, its technology may not be as well-received and used as other platforms.
What are the reasons to care?
It has been proven time and again that cryptos with less-known names are more lucrative than cryptos like Ethereum or Bitcoin.
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