There is stiff competition in the blockchain-as-a-service (BaaS) industry, with many networks designed to give enterprises a crypto presence.
Phoenix Global The first one launched in 2017. But its PHB The cryptocurrency is suffering from a long-term bearish trend.
However, at the time of writing, it is up 330% in the last seven days since it was recently listed on Binance.
What is Phoenix Global?
Phoenix Global offers blockchain and cryptocurrency solutions to enterprises. Designed with consumers in mind, it claims to be used in a variety of industries, including retail, travel, finance and automotive.
According to its website, there are several benefits of using Phoenix Global’s services. There is a built-in oracle, which allows connection between the network and external non-blockchain information.
Blockchain allows clients to create their own sidechains and applications. Its multi-layer smart contract system enhances the scalability of these features.
PHB is designed to finance the ecosystem. The cryptocurrency is used to pay for Phoenix Global’s products and execute transactions on the blockchain. Its white paper states:
“PHB integrates into all Phoenix Oracle modules and is used as payment for any and all usage associated with data requests and price-feed streams.”
Phoenix Global Price History
Phoenix Global’s cryptocurrency first debuted on 28 October 2017 at $0.06 under the ticker handle, PHX. It immediately rocketed to $0.80 before closing the year at $0.23 on 8 January 2018.
PHX continued its bearish trend over the next three years, falling to its all-time low of $0.0011 on 13 March 2020.
In an effort to address PHX’s bearish trend, the cryptocurrency underwent a renaming for its supply in November 2021. It was also fueled by the migration from the NEO blockchain to the BNB chain.
Phoenix Global has reduced its supply by 100 times with the new PHB cryptocurrency. Investors can exchange their tokens for one PHB at a rate of 100 PHX.
PHB/USD price chart
PHB saw a slight uptick in price, hovering around the $0.80 level, but eventually continued its downward trajectory.
The crypto crash in 2022 saw PHB fall further. According to CoinMarketCap, it fell to an all-time low of $0.066 on 12 May 2022.
However, it recently saw a significant surge as the Binance exchange for PHB with a BUSD pairing added cross margin and separate margin support, reaching its all-time high on September 13 of $2.55.
At the time of writing, on September 15, PHB is trading at $1.50, up 330% in the past seven days.
Phoenix global price prediction round-up
At the time of writing, forecasters are conflicted on whether PHB can continue this breakout.
Government capital It is one of the most bearish forebodings that it may eventually become worthless. Its PHB said the crypto price prediction could fall to $0 in October 2022.
Wallet Investor This is a “bad” long-term investment and the 2022 Phoenix global price forecast suggests that it may fall to $1.11 in a year. By the end of 2025, the PHB coin price forecast predicted a further decline and indicated that it could go to $1.05.
On the other hand, Digital coin price The average price this year is estimated at $1.77. The Phoenix Global Price Prediction for 2030 stated that the cryptocurrency could rise to $18.99 in 2030.
Cryptopredictions A steady rise is predicted for the cryptocurrency. The Phoenix global price forecast for 2025 expects it to reach an average price of $2.24 by the end of the year.
When considering PHB price predictions, it is important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to predict exactly what the price of a coin or token will be in a few hours, and difficult to provide long-term estimates. Likewise, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Check the latest market trends, news, technical and fundamental analysis and expert opinion before taking any investment decision. Remember that past performance is no guarantee of future returns. And never trade with money you can’t afford to lose.
Is Phoenix Global a good investment?
Phoenix Global is giving enterprises the tools to create a blockchain presence. Customers can use PHB cryptocurrency to build their own sidechains or leverage Phoenix Global’s decentralized applications (dApps).
In volatile cryptocurrency markets, it’s important to do your own research to determine if a coin or token is a good fit for your investment portfolio. Whether PHB Token is the right investment for you depends on your risk tolerance and how much you want to invest, along with other factors. Remember that past performance is no guarantee of future returns. And never invest money you can’t afford to lose.
Will Phoenix Global go up or down?
At the time of writing, the predictors are divided. DigitalCoinPrice expects a steady rise for PHB, but Gov Capital said it could be worthless this year.
In volatile cryptocurrency markets, it’s important to do your own research to determine if a coin or token is a good fit for your investment portfolio. Whether PHB is the right investment for you depends on your risk tolerance and how much you want to invest, along with other factors. Remember that past performance is no guarantee of future returns. And never invest money you can’t afford to lose.
Should I invest in Phoenix Global?
In the last seven days as on 15 September, PHB has seen a gain of around 330%. But you should keep in mind that this price rise is not guaranteed to continue.
Whether you should invest in Phoenix Global is a question you have to answer for yourself. However, before you do so, you need to do your own research and never invest so much money that you can lose because prices can go up and down.