Phantasma (SOUL) shines in a struggling crypto market
Cryptocurrency investors were forced to witness a prolonged correction as the market declined after one of the biggest bullish rallies the industry has ever seen.
While all major cryptocurrencies, including and, experienced losses of more than 5%, a lesser-known crypto, Phantasma (SOUL), prospered.
SOUL has set several all-time highs in the past week, the highest being $ 3.39 on November 25. Despite experiencing a strong correction that lowered its price to $ 2.39, SOUL has risen again more than 20%, pushing its price up to $ 2.8975.
The Phantasma (SOUL) 7-day price chart. Source: Tradingview
In the last seven days, SOUL has gained more than 70%, with the price of SOUL growing from $ 1.59 to $ 3.39; however, the token is now trading at $ 2.8975.
The Phantasma 30-day price chart (SOUL). Source: Tradingview
Over the past 30 days, SOUL has gained more than 390%, making it one of the best performing cryptocurrencies. Phantasma is now ranked the 190th largest cryptocurrency, with a market capitalization of $ 298 million.
What is Phantasma?
Phantasma is a blockchain for NFT, games and dApps that is fast, secure and decentralized. The Phantasma blockchain supports some of the most advanced NFT capabilities in the industry and is home to carbon-neutral smart NFTs.
Phantasma is a blockchain layer built for the future of gaming. Developers focus on a seamless experience with increased developer revenue and empowering players through ownership of digital assets.
SOUL is the symbol of government for the Phantasma network. However, it is not the only tab in the ecosystem. KCAL serves as Phantasma's energy token, allowing interoperability with other blockchains while maintaining a decentralized governance system.
On the other side
- Although Phantasma has one of the best technologies, it does not enjoy as much adoption and uses as the more popular platforms.
Why should you care?
Time in the crypto space has shown that the most profitable investments are the lesser-known cryptocurrencies, rather than the market leaders like Bitcoin and Ethereum.
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