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Why Phantasma (SOUL) is Seeking New All-time Highs By BTC Peers

by Mike Robinson

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Phantasma is Looking for New All-Time Highs

Nonfungible tokens, or NFTs, and crypto-based gaming projects experienced an increase in popularity throughout 2021. Their wide appeal attracted both novice and experienced crypto hodlers. It was this trend that led to widespread acceptance of the blockchain technology and is expected to continue into 2022.

Phantasma, a layer one blockchain technology designed to develop SmartNFTs as well decentralized gaming applications is just one example of this type of project. Its price indicates it’s on track to set new records. Data from CoinTelegraph markets Pro and TradingView shows that SOUL’s price has increased 61.73% since a low point of $2.30 in December 2021. It reached a high daily level of $3.72 on Monday, January 3rd, 2022. The 24-hour trading volume of SOUL soared from $3M to $12M, according to CoinTelegraph Markets.

Check out this article: 2022 will see greater DeFi and NFT regulations: Founder

One of the biggest developments in the ecosystem’s recent weeks has been the introduction of several projects to the Phantasma Network. These projects include Blood Rune (a card-based role-playing game), Ghost Festival (a mobile game) and GhostMarkets (an NFT marketplace).

Phantasma has been able to increase its power by allowing cross-chain compatibility across many different blockchain networks such as, BSC and NEO. Phantasma can reach significant throughput without the need for interoperability to other networks. The network can support unlimited sidechains and native oracles. This allows for significant throughput.

Phantasma is gaining strength due to cross-chain compatibility. This includes Ethereum, BSC and NEO. The Phantasma network can also interoperate with other networks and achieve high throughput on its own. The network can support unlimited sidechains, and native oracles have been integrated into its core design.

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