At this juncture, we will examine the fundamental indicators that influence the future price performance of cryptocurrencies. Phantasma supports a Cosmic-Swap framework, a liquidity solution that enables token and coin swaps. Phantasma swaps do not require users how to buy tron on crypto com to use exchanges or learn how to place trades. The volume-weighted moving average (VWMA) was also bullish, while Hull moving average gave a sell signal. The stochastic fast, relative strength index (RSI) and average directional index remained neutral.
The partnership allows 1-UP users to create and compete by minting phenomenal NFTs, hosting custom tournaments, and designing customizable in-game content. Predictions for the future SOUL coin price ranged as of 29 December from $10 in 2028 based on DigitalCoin data to $75.96 by 2030 based on PricePrediction’s forecast. The price peaked at $0.8593 on 6 April as seen on the chart below, then fell to the $0.13 level in June and July as the broader markets collapsed in price from May and bottomed out in July. After retreating to $0.5597 on 18 October SOUL rallied to reach a new high of $3.97 on 1 December. SOUL then retreated to a low of $1.91 and traded up to $2.43 on 28 December.
SOUL has an annual inflation rate of 3% plus 125,000 SOUL distributed monthly to eligible holders. The 3% will be allocated in thirds to network validators, developers and ecosystem incentives. Each decentralised app (dApp) can run on an independent side chain, reducing the risk that a problem with a single dApp could disrupt the entire network.
- This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, it’s likely to extend throughout 2022.
- Phantasma supports a Cosmic-Swap framework, a liquidity solution that enables token and coin swaps.
- Phantasma was co-founded by Sérgio Flores, a senior developer and consultant on blockchains and smart contracts.
- More so, its decentralized storage system provides added flexibility and functionality to the protocol, which makes Phantasma a project to watch.
- Now, since the start of war in Ukraine, these incidents increased in numbers and started posing a real threat.
The Phantasma 2.0 upgrade in December 2021 launched Smart NFTs, which are composite NFTs made up of an unlimited number of tokens. For example, in the 22 Racing Series each hypercar is made up of individual NFTs representing individual car parts. They can be time-limited, minted on demand, nested with multiple assets and contain locked content. Phantasma has introduced an inflationary element to SOUL supply to incentivise developers to use the network.
Barry’s research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining. Our price prediction forecasts use real-time Phantasma (SOUL) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity. Following the success of its public token sale, Phantasma released another statement that remarked that Phantasma protocol would not only focus on DApps but would be a full-featured blockchain.
The three-day to ten-day simple moving averages (SMAs) and exponential moving averages (EMAs) were giving sell signals while the 100-day to 200-day averages were bullish. Holders who stake more than 50,000 SOUL are given the title of Soul Master, earning extra tokens from a reward pool of 125,000 SOUL every month. More than 57% of SOUL tokens have been staked, according to the Phantasma website. Phantasma is also certified as a carbon-negative blockchain, which has helped to attract positive attention. This sets it apart from other networks like Ethereum, which has a notoriously higher carbon footprint since it utilizes mining. This website is using a security service to protect itself from online attacks.
Phantasma (SOUL) Fundamental Analysis
In the same year, Phantasma partnered with Semkhor, a media and tech company majoring in digital content production and distribution. The partnership aimed at using Phantasma’s technology and Metaverse expertise to create and market NFTs. This makes the Total TPS of the Phantasma chain the amount of the sidechain plus the main chain, multiplied by the maximum TPS of each side chain.
Phantasma (SOUL) Price Prediction 2031
We cannot accept the fact that such attacks on foreign companies and institutions how to buy dash 2 trade are silently approved or even encouraged by the Russian state.
KCAL functions as the network’s resource token, which is used to execute transactions. Phantasma protocol is a secure, fast, and scalable blockchain solution that permits interoperability with several blockchains while maintaining a decentralized governance system. The platform runs a reliable staking service and a dual token system that promotes accessibility to digital services and products, especially in entertainment, Marketplace, communication, and data storage.
Phantasma (SOUL) Price Prediction – 2023, 2025, 2030
Phantasma’s infinite side chain and interchain model start with ten blocks with 15 blocks on standby. Based on PricePrediction’s SOUL predictions as of 29 December, SOUL coin could reach the $10 level in the coming years, hitting $11.84 in 2025. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The unique thing about Phantasma is the ability to add infinite side chains. Every side chain can achieve 10,000 transactions per second independent of the main chain and side chains.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. To hold a soul coin is to feel the soul bound within it — overcome with rage or fraught with despair. Phantasma partnered with Polinate, a Kickstarter-style crowdsourcing platform, to increase traffic and drive user adoption. This partnership aims to increase user adoption on the Phantasma chain using leading-edge Smart NFTs for their creators. In 2021 Phantasma partnered with Netvork, an innovative project focused on deploying immersive and interactive Metaverse using Unreal Engine. Through the partnership, Netvork will leverage Phantasma’s technology to build and expand its Metaverse.
I’m playing a laweful evil necromancer, so I’ve got no qualms about spending/ using them to further his own ends. Freeing a soul from a soul coin is considered a good act, even if the soul belongs to an evil creature. Soul coins are about 5 inches across and about an inch thick, minted from infernal iron. Each coin weighs one-third of a pound, and is inscribed with Infernal writing and a spell that magically binds a single soul to the coin.
A second reason for the building strength of Phantasma has been the addition of cross-chain interoperability with multiple blockchain networks including Ethereum, BSC and NEO. One project is making moves in 2022 is Phantasma (SOUL), a layer-one blockchain protocol that specializes in the creation of SmartNFTs and decentralized gaming applications. Phantasma deploys decentralized storage that allows the creation how to buy binance coin uk of fully decentralized apps using the blockchain’s power. Phantasma (SOUL) employs a variant of the Proof-of-Stake mechanism that allows users to be Validators if they have a stake in the Phantasma chain. Phantasma rewards the block Validators with a share of the block transaction fees. Phantasma’s on-chain governance also eliminates the need for network forks and other challenges blockchains face.