Phantasma is a blockchain platform that aims to provide a user-friendly and interoperable solution for gaming, smart NFTs, and dApps. It uses a dual token system, where SOUL is the governance token and KCAL is the utility token.
Users can stake SOUL to earn KCAL and participate in voting. KCAL is used to pay for transactions, mint NFTs, and deploy smart contracts. Phantasma supports cross-chain transfers with Ethereum, Binance Smart Chain, and NEO.
It also has a smart NFT technology that allows NFTs to have dynamic properties, nested layers, time-limited access, and locked content. Phantasma is designed to be eco-friendly and carbon-negative by using a Proof-of-Stake consensus mechanism; offsetting its carbon footprint
Phantasma crypto price exhibits an optimistic outlook in the daily timeframe. The price has surpassed above the 50-day and 200-day EMA indicating strength over the charts.
Moreover, a golden crossover was observed on the SOL/USD daily chart which indicated a trend shift on the positive side.
The SOUL price currently trades at $0.20 with an intraday drop of 6.39%. The price has gained over 60.6% in a week and has added nearly 170% in a month.
Phantasma Price Prediction 2023
On the last day, the trading volume increased by 1.19% and reached $193.6K. The SOUL crypto ranks 639th among the top cryptos with a live market cap of $24.87 Million. The volume-to-market cap ratio is 0.77% indicating very low volatility in the market.
The 50-day and 200-day EMA imply an optimistic outlook ahead. On the contrary, the RSI indicator shows that the price has entered an overbought zone. The price may reverse or take a pullback before moving further.
The price prediction of SOUL crypto showcases a neutral to bullish outlook. The most optimistic estimate of the analysts expects the price to reach a high of $0.283 by the year-end. The pessimistic outlook of the analysts hopes the price may decline to $0.137.
Phantasma Price Prediction 2024
As per the analysts, the most optimistic target that Phantasma price may achieve is $0.380; indicating an upside potential of 88.46% from the CMP. The minimum analyst price target is $0.268 by the end of 2024.
Phantasma Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the SOUL price may reach a high of $0.57604. The price may reach $0.454 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.346.
Phantasma Price Prediction 2026
The Phantasma price may reach a high of $0.85 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.504 by 2026.
Phantasma Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Phantasma crypto estimates a price target of $1.14. The minimum price target that SOUL may achieve by 2027 is $0.808.
Phantasma Price Prediction 2028
The analysts are optimistic about Phantasma (SOUL) and predict that the price could go up to $1.89 in the next five years. However, the pessimist analysts expect the price to reach the high of $1.29.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2023/12/01/will-phantasma-price-soul-sustain-the-recent-gains/