cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home NFT

3 reasons that Phantasma (SOUL) is chasing brand-new all-time highs

ccLink by ccLink
January 3, 2022
in NFT
0
3 reasons that Phantasma (SOUL) is chasing brand-new all-time highs
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Nonfungible tokens and blockchain-based video gaming tasks saw a breakout in appeal throughout2021 This was because of their prevalent appeal which drew in the attention of crypto newbies and skilled hodlers alike. This pattern assisted to even more start the mass adoption of blockchain innovation and from the appearance of things, its most likely to extend throughout2022

One job is making relocations in 2022 is Phantasma (SOUL), a layer-one blockchain procedure that focuses on the development of SmartNFTs and decentralized video gaming applications. Its rates show that it’s about to make a run for a brand-new all-time high.

Data from Cointelegraph Markets Pro and TradingView reveals that because striking a low of $2.30 on Dec. 30, the rate of SOUL has actually climbed up 61.73%to a daily high at $3.72 on Jan. 3 as its 24- hour trading volume increased from approximately $3 million to $12 million.

SOUL/USDT 1-day chart. Source: TradingView

Three factors for the surging cost of SOUL are the launch of a number of brand-new procedures on the Phantasma network, the addition of cross-chain assistance for numerous networks, and the total boost in appeal of NFTs and blockchain-based video gaming.

New tasks introduce on Phantasma

One of the greatest advancements to come out of the Phantasma environment over the previous number of weeks has actually been the launch of numerous jobs on the network. This consists of the role-playing card video game Blood Rune, the mobile video game Ghost Festival and the NFT market GhostMarkets.

The GhostMarket NFT market is presently performing its preliminary decentralized exchange offering (IDO) on Flamingo Finance and will have its GM token offered to run on the 6 various networks that GhostMarket supports, however consisting of Ethereum (ETH), Binance Smart Chain (BSC), Phantasma, Avalanche, Polygon and NEO N3.

One of the primary draws of utilizing Phantasma over other chains is its double token system where SOUL token holders can stake their tokens to make Phantasma Energy (KCAL). These in turn can be utilized to spend for deal costs. This basically makes deals complimentary for SOUL holders.

Phantasma is likewise licensed as a carbon-negative blockchain which has actually assisted draw in favorable attention. This sets it apart from other networks like Ethereum, which infamously has a greater carbon footprint because it makes use of mining.

Cross-chain interoperability

A 2nd factor for the structure strength of Phantasma has actually been the addition of cross-chain interoperability with numerous blockchain networks consisting of Ethereum, BSC and NEO.

On the 5th day of Christmas #Phantasma offers to you a Layer 1 clever agreement environment, quad-chain interoperable with $ETH, #BSC and $NEO for fungible tokens and quickly for Non-Fungible Tokens( #NFTs)$ SOUL $BNB #smartNFTs #blockchaingaming #GameFi pic.twitter.com/vcpXmqO66 r

— Phantasma (@PhantasmaChain) December 29, 2021

On top of the addition of interoperability with other networks, the Phantasma chain itself can reaching high levels of throughput. This is because of the capability to host unlimited sidechains while the network as an entire take advantage of having actually native oracles developed straight into the core of its style.

With interoperability seeming among the significant styles in the cryptocurrency community for 2022, jobs that have actually currently begun making it a focus of advancement are most likely to surpass the competitors that does not. This will incentivize crypto users to end up being significantly comfy with negotiating throughout numerous networks.

Related: Samsung reveals NFT platform for wise TVs

NFT and video gaming appeal

The 3rd factor for the structure strength of Phantasma is the general appeal of video gaming and NFT tasks as blockchain adoption is on the increase.

According to information from Google Trends, interest in NFTs has actually been increasing considering that early 2021 and struck a peak in the middle of December as Phantasma was presenting brand-new jobs and promoting its low-priced abilities.

Interest in NFT searches with time. Source: Google Trends

On top of the generalized increase in interest in NFTs, popular blockchain-based video games like Axie Infinity have actually caused the development of play-to-earn video games throughout the crypto environment. The high throughput, inexpensive abilities of Phantasma make it an appealing choice for players seeking to optimize their profits while decreasing deal expenses.

With the interest in video gaming and NFTs revealing no indications of vanishing in the future, jobs that concentrate on facilitating their development and adoption might continue to see their worths increase as NFTs end up being more traditional.

The views and viewpoints revealed here are entirely those of the author and do not always show the views of Cointelegraph.com. Every financial investment and trading relocation includes threat, you ought to perform your own research study when deciding.

View Source

Did you like this post? Think about contributing to us.

[crypto-donation-box]

Related articles

Nifty Gateway Founders Step Down

Nifty Gateway Founders Step Down

January 28, 2023
How to Buy a Tom Brady NFT: A Beginner’s Guide

How to Buy a Tom Brady NFT: A Beginner’s Guide

January 28, 2023
Tags: nftPhantasmareasons
Share76Tweet47

Related Posts

Nifty Gateway Founders Step Down

Nifty Gateway Founders Step Down

by ccLink
January 28, 2023
0

Reading Time: 2 minutes The founders of Gemini’s NFT platform Nifty Gateway have stepped down to start a new company...

How to Buy a Tom Brady NFT: A Beginner’s Guide

How to Buy a Tom Brady NFT: A Beginner’s Guide

by ccLink
January 28, 2023
0

Image from autograph.io/tom-bradyAre you a fan of Tom Brady and looking to add one of his rare NFTs to your...

Hackers steal $750K after fake NFT link on Azuki’s Twitter account

Hackers steal $750K after fake NFT link on Azuki’s Twitter account

by ccLink
January 28, 2023
0

The Azuki team managed to reclaim the Twitter account shortly after the attack. Data shows the hacker was able to...

Car Titles Issued As NFTs In Testing Phase Throughout California

Car Titles Issued As NFTs In Testing Phase Throughout California

by ccLink
January 27, 2023
0

California’s Department of Motor Vehicles will test the Tezos network for the digitization of car titles as NFTs. The agency...

Amazon Reportedly Working on an NFT-based Game

Amazon Reportedly Working on an NFT-based Game

by ccLink
January 27, 2023
0

Reading Time: 2 minutes Amazon is reportedly planning to enter the Web 3.0 gaming world with an NFT-based game The...

Load More
  • Trending
  • Comments
  • Latest
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

November 20, 2021
You Are The Carbon They Want To Reduce

You Are The Carbon They Want To Reduce

April 11, 2022
What Would Happen if Celsius Got Sued by the Rest of the Claimants?

What Would Happen if Celsius Got Sued by the Rest of the Claimants?

July 14, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
Quantum Days 2023: CCA Expert Panel examining quantum through multitude of different lenses

Quantum Days 2023: CCA Expert Panel examining quantum through multitude of different lenses

January 28, 2023
Binance is still operating normally despite months of FUD

Binance is still operating normally despite months of FUD

January 28, 2023
Biden Administration Releases Roadmap To Mitigate Cryptocurrency Risks

Biden Administration Releases Roadmap To Mitigate Cryptocurrency Risks

January 28, 2023
Nifty Gateway Founders Step Down

Nifty Gateway Founders Step Down

January 28, 2023

Join our mailing list

Tags

ADA altcoin altcoin daily altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today DEFI Dogecoin ETH Ethereum Finance investing metaverse Money news nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.