PHB Price Analysis August 2022

PHB is a token of the platform Phoenix Global. Its current price is around $0.1296 by the time of writing, with a low of $0.06654, and it has a market cap of 4 million dollars.

Table of Contents

What is Phoenix Global?

Phoenix Global is a consumer-focused company. They use blockchain technology to enable rapid decentralized app development and deploy DApps to ensure their customers’ experience is exceptional. It is a next-generation blockchain that builds scalable & smart applications.

Phoenix Global software is a decentralized content delivery framework for B2C applications. It provides the advantages of decentralization – features, speed, and security – to consumer apps that aim to scale beyond niche, closed ecosystems. Connectivity is also integrated at this layer.

Fundamental Information About PHB

Phoenix Global (PHB) is a blockchain that hosts DApps for a consumer audience. Phoenix Oracle is its blockchain platform, which sources real-time prices for assets on the network.

PHB is a blockchain-based cryptocurrency with an underlying value in the form of the Azure business model.

It’s interesting that Phoenix Chain, a sidechain-agnostic protocol that can connect to a range of blockchains (such as Binance’s Smart Chain (BSC), Ethereum, Solana, NEO, and Tron), uses Federated Learning to provide a supplement to big data-based AI.

After months of discussion, APEX Network and Red Pulse Phoenix decided to take their projects to the next level by merging both into the enterprise data platform.

As a result of the merger, we have an even more robust and promising infrastructure that utilizes our finest resources. This includes technology, platforms, token economies, liquidity in tokens, and people.

PHB Coin Market Analysis 

PHB has a total supply of 37,136,775 coins worth around $0.1296 with a market volume of 2 million dollars, whereas the market capitalization is 4 million dollars at writing.

PHB has been a good long-term investment for those who purchased their coins early on. However, it is difficult to recommend PHB as an investment for the long term due to the lack of data about Phoenix Global’s performance.

PHB Price Prediction

The cost of Phoenix Global can increase from 0.0171 USD to 0.0270 USD over a single year. On the 1D timeframe, the price action of $PHB/USDT consolidates inside the descending triangle. We must wait for a successful breakout or breakdown to confirm its next move.

On-demand analysis on $PHB or any other coin can join our Telegram channel at any time.

Phb Price Chart August 2022Phb Price Chart August 2022
PHB Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.