Crypto buyers had been compelled to witness a protracted correction because the market declined after one of many largest bullish rallies the business has ever seen.
While all the highest cryptos, together with and , noticed losses of greater than 5%, a lesser-known crypto, Phantasma (SOUL), thrived.
SOUL has set a number of record-highs in the final week, the very best being $3.39 on November 25. Despite experiencing a pointy correction that despatched its worth right down to $2.39, SOUL is again up by greater than 20%, pushing its worth as much as $2.8975.
The 7 days worth chart of Phantasma (SOUL). Source: Tradingview
In the final seven days, SOUL has gained greater than 70%, with the worth of SOUL rising from $1.59 to $3.39 – nonetheless, the token now trades at $2.8975.
The 30 days worth chart of Phantasma (SOUL). Source: Tradingview
Over the final 30 days, SOUL has gained greater than 390%, making it among the finest performing cryptos. Phantasma is now ranked because the 190th largest cryptos, with a market cap of $298 million.
What is Phantasma?
Phantasma is a blockchain for NFTs, gaming, and dApps that’s quick, safe, and decentralized. Phantasma’s blockchain helps a few of the most superior NFT capabilities in the business and is residence to carbon-neutral Smart NFTs.
Phantasma is a blockchain layer constructed for the way forward for gaming. The builders deal with a easy expertise with elevated developer income and empowering players via digital merchandise possession.
SOUL is the governance token of the Phantasma community. However, it’s not the one token in the ecosystem. KCAL serves because the power token of Phantasma, permitting interoperability with different blockchains whereas sustaining a decentralized governance system.
On The Flipside
- Although Phantasma has among the finest applied sciences, it doesn’t take pleasure in as a lot adoption and makes use of as extra in style platforms
Why You Should Care?
Time in the crypto area has confirmed that essentially the most worthwhile investments are the lesser-known cryptos, somewhat than the market leaders like Bitcoin and Ethereum.
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