The trading volume of Phoenix Chain (PHX) is $1,858.33 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Phoenix Chain (PHX) is $0.001715555326 , which was recorded on Mar 20, 2023 (2 months). Comparatively, the current price is - lower than the all-time high price. The lowest price paid for Phoenix Chain (PHX) is $0.000035844748 , which was recorded on May 18, 2023 (11 days). Comparatively, the current price is - higher than the all-time low price. Market capitalization of Phoenix Chain (PHX) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PHX tokens (0 tokens are tradable on the market today). The fully diluted valuation (FDV) of Phoenix Chain (PHX) is $36,690.16 . This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion PHX tokens are in circulation today. Depending on how the emission schedule of PHX tokens are designed, it might take multiple years before FDV is realized. There are no votes on Phoenix Chain (PHX) today. Be the first to vote and share this with your community.
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There are two schools of thought in determining the price of Phoenix Chain.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Phoenix Chain, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Phoenix Chain from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Phoenix Chain on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Phoenix Chain as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Phoenix Chain and the cryptocurrency market as a whole.
2. What is the highest price of Phoenix Chain in history?
Phoenix Chain achieved the all-time high of $0.0017 in 2023-03-20, and is currently trading at $0.00004.
3. What is the lowest price of Phoenix Chain in history?
In 2023-05-18, Phoenix Chain reached the all-time low of $0.00004.
4. Should I buy Phoenix Chain now?
It is important to remember that Phoenix Chain, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.