In this guide, we will voice our own and market’s opinion on PHA future while discussing the Phala Network price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Phala Network.
Now, let’s head into it. Before we delve deep into the Phala Network price prediction and answer questions if PHA is a good investment or not, why will PHA succeed or fail or why will Phala Network price rise or drop, let’s quickly throw a glance at what PHA is and its to date history.
What you'll learn 👉
PHA Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now behind us. Ripple was also fined to pay \"only\" $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $55k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,300 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this summer were memes, RWA and AI projects.
Below is a tabular overview of how will PHA develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
Phala Network Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced to the current levels in the $60k area. Total market capitalization is currently at around $2 trillion (it around $1 trillion in June last year). Despite having strong start of the year, the market then “survived” two crashes so far this summer, in July and August when BTC plunged to around $50k. It bounced off this area quickly though.
There are several bullish several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, Bitcoin halving is now behind us, but BTC price didn’t perform well around this event (post-halving retracement mentioned above). Historical data tells us the BTC price starts to rally 6-9 months after the halving, so we are still not there yet.
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies. Coins such as RNDR, NOT, TON, WIF, or ENA produced nice gains.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The Ethereum ETFs approvals are now also a done deal and trading already. All in all, the whole crypto community is preparing for the next leg up in this bull run.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
PHA Price Prediction 2025
Our prediction model sees PHA reaching $0.2280 in 2025.
What will PHA be worth in 5 years?
The price of PHA in 5 years could lie around $0.1993, according to Captainaltcoin’s prediction model.
Phala Network Price Prediction 2030 – 2040
What Phala Network will be worth in 2030?
Our forecasting model sees Phala Network reaching $0.5701 in 2030.
What Phala Network will be worth in 2040?
Our forecasting model sees Phala Network reaching $1.14 in 2040.
Will Phala Network replace / surpass / overtake Bitcoin?
No, Phala Network will not replace or overtake BTC.
Can Phala Network reach $10?
Yes, it is possible that Phala Network can reach $10 but only in a distanced future, after 2030.
Can Phala Network reach $100?
No, our prediction model sees no possibility for Phala Network to reach $100 in the short or mid-term period.
Can Phala Network reach $1000?
No, our prediction model sees no possibility for Phala Network to reach $1000 in the short or mid-term period.
Is Phala Network worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Phala Network is worth buying.
Is Phala Network a good investment?
Phala Network is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Phala Network be worth?
For the short-term future, it could reach $0.0638. In the long-term (8-10 years), it could jump to $0.5701 or even higher.
Why will Phala Network succeed and go up in price?
Phala Network has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Phala Network rising up to $0.5701 in 2030.
Why will Phala Network fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Phala Network go?
Our forecasting model sees Phala Network price exploding and reaching $1.14 in a distant future.
What is the short-term prediction for Phala Network?
Phala Network will reach $0.0638 in the next 90 days, which is a 41.8% change over the current price which hovers around $0.1096.
Can Phala Network make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Phala Network millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Phala Network could make you a millionaire.
Phala Network Price Prediction Today - What will be the price of Phala Network tomorrow?
Phala Network will hover around $0.1149 tomorrow.
Can Phala Network reach $1?
Yes, Phala Network can reach $1 by the end of 2024.
Read also:
- Centrifuge Price Prediction | CFG Price Forecast
- Proton Price Prediction | XPR Price Forecast
- Metal Price Prediction | MTL Price Forecast
- Ultra Price Prediction | UOS Price Forecast
- MVL Price Prediction | MVL Price Forecast
- Dogelon Mars Price Prediction | ELON Price Forecast
- WhiteCoin Price Prediction | XWC Price Forecast
- Coin98 Price Prediction | C98 Price Forecast
- Alitas Price Prediction | ALT Price Forecast
- INO COIN Price Prediction | INO Price Forecast
