Phantasma (SOUL) Price Prediction – 2023, 2025, 2030

Phantasma (SOUL) Overview

Phantasma (SOUL) Introduction

Phantasma was launched in 2018 when Sergio Flores, its founder, discussed user-oriented content, integrating Neo Smart Contracts, and using an interplanetary file system to store data. In 2018, Phantasma was declared the winner of a tech development competition co-hosted by Neo and Microsoft. The competition kicked off in 2017, and Phantasma’s winning product was a turn-based competitive wrestling game that employed Neo smart contracts on its back-end -Nacho men.

In May 2018, Phantasma launched its white paper. The Phantasma team stated that its primary aim was to create and deploy the new standard for seamless and secure data transfer, management, and integration across many communication partners and DApps in the Neo ecosystem.

Following the success of its public token sale, Phantasma released another statement that remarked that Phantasma protocol would not only focus on DApps but would be a full-featured blockchain. The team added that the Phantasma blockchain would enable the scalability needed for successful deployment and maintenance of a decentralized content distribution platform and provide capabilities for continuous innovative features to scale the network.

In November 2018, Phantasma launched its Test net and transferred its Nacho game and Mail DApp onto the Phantasma chain. Soon, the launch of Phantasma mainnet followed, which supported distribution and decentralized storage systems, Oracles, and Cross-Chain Cosmic Token Swap functionality.

What is Phantasma (SOUL)?

Phantasma protocol is a secure, fast, and scalable blockchain solution that permits interoperability with several blockchains while maintaining a decentralized governance system. The platform runs a reliable staking service and a dual token system that promotes accessibility to digital services and products, especially in entertainment, Marketplace, communication, and data storage.

One of the pivotal drives of the Phantasma chain is to build a blockchain ecosystem that enables user access to products and services anywhere, anytime. The Phantasma chain operates a dual token system. Its tokens are SOUL and KCAL. SOUL functions as the chain governance token. SOUL also provides staking functionality and gives users access to valuable resources and services on Phantasma. In addition, SOUL creates a fair manner of choosing network validators that power the Phantasma chain through its on-chain voting system. KCAL functions as the network’s resource token, which is used to execute transactions.

Phantasma (SOUL) employs a variant of the Proof-of-Stake mechanism that allows users to be Validators if they have a stake in the Phantasma chain. Phantasma rewards the block Validators with a share of the block transaction fees. Phantasma’s on-chain governance also eliminates the need for network forks and other challenges blockchains face.

Phantasma deploys decentralized storage that allows the creation of fully decentralized apps using the blockchain’s power. In contrast with other app designs that require front-end websites that can be compromised by ISP or the app developers, the Phantasma storage solution, in combination with its app design, makes the launch of DApps on the Phantasma chain possible without the possibility of any unnecessary shutdown.

Phantasma supports a Cosmic-Swap framework, a liquidity solution that enables token and coin swaps. Phantasma swaps do not require users to use exchanges or learn how to place trades.

Phantasma is not left out of the NFT revolution. The protocol uses a Chain-Smart NFT technology, allowing users to develop items and characters for gaming and exchange items with one another. Phantasma’s NFT functionality includes advanced features like Multilayer NFTs, On-demand Minting, Infusion of Multiple Assets, Infusing NFTs within NFTs, and NFT Nesting, which permits the combination of several unique NFTs. Phantasma runs its own NFT marketplace that supports NFT from other networks.

Phantasma (SOUL) Fundamental Analysis

At this juncture, we will examine the fundamental indicators that influence the future price performance of cryptocurrencies.

Scalability

The Phantasma chain can validate up to 10,000 transactions per block. This applies to both its main block and side chains. The unique thing about Phantasma is the ability to add infinite side chains. Every side chain can achieve 10,000 transactions per second independent of the main chain and side chains.

This makes the Total TPS of the Phantasma chain the amount of the sidechain plus the main chain, multiplied by the maximum TPS of each side chain. Phantasma’s infinite side chain and interchain model start with ten blocks with 15 blocks on standby. The number of Block producers will increase by 3 per year.

Collaborations

In 2021 Phantasma partnered with Netvork, an innovative project focused on deploying immersive and interactive Metaverse using Unreal Engine. Through the partnership, Netvork will leverage Phantasma’s technology to build and expand its Metaverse. In the same year, Phantasma partnered with Semkhor, a media and tech company majoring in digital content production and distribution. The partnership aimed at using Phantasma’s technology and Metaverse expertise to create and market NFTs.

Phantasma partnered with Polinate, a Kickstarter-style crowdsourcing platform, to increase traffic and drive user adoption. This partnership aims to increase user adoption on the Phantasma chain using leading-edge Smart NFTs for their creators.

Phantasma partnered with 1-UP in 2022 to deliver its advanced innovative NFT capabilities to the 1-UP platform and take its games to new fun levels. The partnership allows 1-UP users to create and compete by minting phenomenal NFTs, hosting custom tournaments, and designing customizable in-game content.

Phantasma (SOUL) Current Price

Phantasma is currently worth $0.129574 USD. SOUL has moved -0.22% in the last 24 hours with a trading volume of $134,055. Phantasma is currently ranked 936 amongst all cryptocurrencies with a market capitalization of $16,083,873 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Phantasma (SOUL) to decide wether it is going to have a bullish or bearish year.

Phantasma (SOUL) Price Predictions

The NFT market cap is in billions, and the market is not yet saturated. Phantasma’s solution no doubt sets the bar high with its ability to combine ownership rights, control over personal creations, and an infinitely scalable model. However, we turn to our artificial intelligence systems for accurate predictions of what Phantasma’s price would be.

Our price prediction forecasts use real-time Phantasma (SOUL) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Phantasma (SOUL) Price Prediction 2023

Phantasma, according to some, is one of the most amazing cryptocurrencies to rise this year (SOUL). The SOUL price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.19436.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.181403 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. SOUL is expected to have a minimum value of $0.155488.

Phantasma (SOUL) Price Prediction 2024

In 2024, Phantasma SOUL price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of SOUL will soon surpass $0.323934. However, we should wait to see if the SOUL’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, SOUL will trade with a minimum trading price of $0.259147 and an average trading price of $0.285062.

Phantasma (SOUL) Price Prediction 2025

If the upward trend continues until 2025, it could reach $0.453508 and SOUL may profit. If the market experiences a decline, the goal may not be met. SOUL is expected to trade at an average price of $0.414636 and a low of $0.388721 in 2025.

Phantasma (SOUL) Price Prediction 2026

If Phantasma successfully boosts market sentiment among cryptocurrency enthusiasts, the SOUL coin price could remain stable for the next five years.

According to our projections, SOUL will be green in 2026. The SOUL is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.583081, with a minimum price of $0.518295 and an average price of $0.544209.

Phantasma (SOUL) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the SOUL price is expected to cross an average price level of $0.673783 by 2027, with a minimum price of $0.647868 expected before the end of the year. Furthermore, SOUL has a maximum price value of $0.712655.

Phantasma (SOUL) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.803357. If SOUL manages to break the resistant level in 2028, we could see a maximum price of $0.842229, failing to gather the support SOUL needs by 2028 could result in a low of $0.777442.

Phantasma (SOUL) Price Prediction 2029

While SOUL is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.907016 and a yearly price close above $0.971802 in 2029.

Phantasma (SOUL) Price Prediction 2030

By 2030, Phantasma will finally surpass its previous ATH values and record new price levels. The minimum price could be $1.04 and potentially reach a maximum price value of $1.10, averaging out at $1.06.

Phantasma (SOUL) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum SOUL price in 2031 is projected to be $1.27 in the event of a bull run, with an average price level of $1.22.

Conclusion

Phantasma is a secure, fast, and scalable blockchain solution that permits interoperability with several blockchains while maintaining a decentralized governance system. The protocol seeks to take NFT, Gaming’s, and the Metaverse experience to a different level. More so, its decentralized storage system provides added flexibility and functionality to the protocol, which makes Phantasma a project to watch.

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