Phala.Network is a blockchain-based project focused on providing privacy computing services. The native token of the network is PHA, which is used for a variety of purposes, including transaction payments, staking, and participation in its ecosystem. Here is the latest data and information about PHA based on market statistics:
Phala.Network Key Data
1. Current Price: The current price of the PHA token is $0.3527, with a 4.66% increase in the last 24 hours. In Rupiah, this price is equivalent to around Rp5.59 T.
2. Market Cap: PHA's market cap is at $266.66 million (equivalent to Rp4.32 trillion). This shows the total value of tokens circulating in the market.
3. Fully Diluted Market Cap: This figure reflects the total value of all tokens if the entire supply was in circulation, which is $344.96 million (equivalent to Rp. 5.59 trillion).
4. Ranking in the Crypto Market: Based on CoinMarketCap data, PHA ranks 272nd among all crypto assets.
5. Market Dominance: This token has a market dominance of 0.0077%, which indicates a small but significant share in the global market.
6. 24-Hour Trading Volume: PHA's trading volume in the last 24 hours reached $193.49 million (equivalent to IDR 3.13 trillion), reflecting quite high trading activity.
7. Volume to Market Capitalization Ratio: This ratio stands at 72.56%, indicating good market liquidity.
8. Circulating Supply: There are currently 773.02 million PHA circulating in the market, out of a maximum total supply of 1 billion PHA.
9. Launch Date: Phala.Network was launched on September 11, 2020, marking its debut in the blockchain world.
10. Issue Price: When it was first launched, the price of the PHA token was $0.01 (equivalent to Rp. 161.95).
11. All-Time High: PHA reached an all-time high of $1.4094, indicating significant upside potential in the future.
Why is Phala.Network Interesting?
Phala.Network offers a unique solution in the blockchain world with a focus on data privacy and computing. Some of the reasons why this project attracts the attention of investors and blockchain users are:
1. Security and Privacy: By using TEE (Trusted Execution Environment) technology, Phala.Network enables encrypted data processing without the risk of information leakage.
2. Token Utility: PHA Token is not only a transaction tool, but is also used for staking and governance (network management).
3. Limited Supply: With a maximum total supply of 1 billion tokens, PHA has the potential to increase in value if demand continues to increase.
4. Community and Ecosystem Support: Phala.Network has an active and growing community, coupled with integration into the wider blockchain ecosystem.
Investment Potential
With its current price still far from its All-Time High, PHA has room for growth. However, as with all crypto investments, it is important to consider the risks of a highly volatile market.
For those of you who are interested in investing in PHA, make sure to always do in-depth research and only allocate funds that are ready to face the risk.
Phala.Network is one of the promising projects in the blockchain world, especially in the field of privacy and data security. With a growing ecosystem, PHA has the potential to be one of the digital assets worth monitoring.
