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Phala Network

Phala Network pricePHA

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PHA
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1 PHA = 0.2127 USD
Last updated 2024-04-22 13:54:15(UTC-0)

Phala Network price live data summary

The live price of Phala Network is $0.2127 per (PHA / USD) today with a current market cap of $151.92M USD. The 24-hour trading volume is $17.80M USD. PHA to USD price is updated in real time. Phala Network is +2.60% in the last 24 hours. It has a circulating supply of 714,166,800 .

What is the highest price of PHA?

PHA has an all-time high (ATH) of $1.41, recorded on 2021-05-15.

What is the lowest price of PHA?

PHA has an all-time low (ATL) of $0.07072, recorded on 2022-10-13.

Phala Network price performance in USD

24h7d30d90d1yAll-time
+2.60%-10.52%-31.03%+109.58%+48.16%+130.25%

Phala Network price history in USD

TimeLowHigh
24h$0.2054$0.2346
7d$0.1802$0.2346
30d$0.1782$0.3438
90d$0.09710$0.3716
1y$0.08027$0.3716
All-time$0.07072(2022-10-13, 1 years ago )$1.41(2021-05-15, 2 years ago )

Phala Network market information

Market cap
$151,921,562.61
+2.60%
Fully diluted market cap
$212,725,601.91
+2.60%
Volume (24h)
$17,796,118.67
+160.92%
Market rankings
Circulation rate
+71.00%
24h volume / market cap
0.1171
Circulating supply
714,166,800 PHA
Total supply / Max supply
1,000,000,000 PHA
-- PHA

Phala Network ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Phala Network Social Data

In the last 24 hours, the social media sentiment score for Phala Network was 3, and the social media sentiment towards Phala Network price trend was Bullish. The overall Phala Network social media score was 0, which ranks 597 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,469,623 times, with Phala Network being mentioned with a frequency ratio of 0.01%, ranking 380 among all cryptocurrencies.

In the last 24 hours, there were a total of 385 unique users discussing Phala Network, with a total of Phala Network mentions of 108. However, compared to the previous 24-hour period, the number of unique users increase by 10%, and the total number of mentions has increase by 48%.

On Twitter, there were a total of 0 tweets mentioning Phala Network in the last 24 hours. Among them, 0% are bullish on Phala Network, 0% are bearish on Phala Network, and 100% are neutral on Phala Network.

On Reddit, there were 27 posts mentioning Phala Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 23% . Additionally, there were 0 comments mentioning Phala Network. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#597)
Social contributors(24h)
385
+10%
Social mentions(24h)
108(#380)
+48%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
37
Reddit posts(24h)
27
+23%
Reddit comments(24h)
0
0%

About Phala Network(PHA)

What Is Phala Network?

Phala Network is a decentralized cloud computing platform that is transforming the Web3 landscape. It empowers developers to create decentralized apps (dApps) with enhanced capabilities by providing a secure and trustless off-chain computing infrastructure. This is achieved through Phala's Phat Contracts, which are off-chain programs that extend the functionality of smart contracts. These contracts enable seamless cross-chain integrations, internet connectivity, and heavy computation, all while maintaining the decentralized ethos of Web3.

At its core, Phala Network is built with robust security measures, offering fully verifiable computation. It operates on a network of "Workers" — nodes with the correct hardware that perform computations and are rewarded for their contributions. The network's design incorporates tokenomics incentives, hardware-based assurances, and cryptographic proofs, all verified on the Phala blockchain, to extend blockchain security into the off-chain world.

Resources

Whitepaper: https://files.phala.network/phala-paper.pdf

Official Website: https://phala.network/

How Does Phala Network Work?

Phala Network operates by leveraging the unused computational power of computers worldwide, offering a decentralized alternative to traditional cloud services like AWS and Google Cloud. It uses a dual-node system to manage its operations: Gatekeeper nodes handle the network's interactions and maintain blockchain consensus, while Miner nodes contribute CPU power for computation tasks. This separation of duties ensures a scalable and secure network infrastructure.

The network's privacy-centric approach is powered by Trusted Execution Environment (TEE) technology, which ensures computations are secure and private, even from the hardware owners. This is crucial for maintaining data confidentiality in a world where privacy is increasingly valued. Phala Network's integration with Polkadot as a parachain allows for interoperability with various blockchains, further enhancing its utility and reach.

What Is PHA Token?

PHA is the native utility token of the Phala Network, playing a pivotal role in its ecosystem. It is used for transaction payments, staking by nodes for network participation, and governance, allowing token holders to vote on proposals and influence the network's future direction. The tokenomics of PHA are designed to incentivize network security and participation, with a maximum supply cap of 1,000,000,000 tokens, ensuring scarcity and value retention over time. As the network grows and more users adopt Phala for their cloud computing needs, the demand for PHA is expected to rise, potentially increasing its value for holders and users alike.

What Determines Phala Network's Price?

The price of Phala Network's native token, PHA, is influenced by a complex interplay of factors, much like other assets in the cryptocurrency and blockchain space. Market sentiment plays a significant role, often driven by the perceived value of Phala Network's decentralized cloud computing solutions and its potential to disrupt traditional cloud services. As the network demonstrates its ability to provide secure, private, and scalable computing power, it attracts more attention from developers and users, which can positively impact PHA's price.

Another key determinant is the network's adoption rate within the broader blockchain ecosystem. Integration with Polkadot as a parachain enhances Phala Network's interoperability, allowing it to connect with multiple blockchains and potentially increasing its utility. The more partnerships and collaborations Phala secures, the greater its network effect, potentially leading to increased demand for PHA tokens. This demand is further compounded by the token's utility in transaction payments, staking, and governance on the network, making it an integral part of the Phala ecosystem.

Furthermore, the overall market dynamics of the cryptocurrency sector, including regulatory news, technological advancements, and shifts in investor sentiment, can also affect PHA's price. As investors and users become more knowledgeable about the benefits of decentralized cloud computing and the unique features of Phala Network, such as its trustless off-chain computation and TEE technology, investment could increase, potentially driving up the price. However, it's important to note that the volatile nature of the crypto market means that prices can fluctuate widely, and investors should always perform due diligence before participating.

Trade PHA perpetual futures

After having successfully signed up on Bitget and purchased USDT or PHA tokens, you can start trading derivatives, including PHA futures and margin trading to increase your income.

The current price of PHA is $0.2127, with a 24h price change of +2.60%. Traders can profit by either going long or short onPHA futures.

Join PHA copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or PHA tokens, you can also start copy trading by following elite traders.

Phala Network news

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People are also inquiring about the price of Phala Network.

What is the current price of Phala Network?

We update our Phala Network to USD price in real time. Get the live Price of Phala Network on Bitget.

What is the 24 hour trading volume of Phala Network?

Over the last 24 hours, the trading volume of Phala Network is $17.80M.

What is the all-time high of Phala Network?

The all-time high of Phala Network is $1.41. This all-time high is highest price for Phala Network since it was launched.

Can I buy Phala Network on Bitget?

Yes, Phala Network is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Phala Network?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Phala Network with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Phala Network online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Phala Network, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Phala Network purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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