Phala has hit its highest market cap today, touching 360 million dollars and reaching a yearly high of $0.5 per coin. The surge is believed to have resulted from Bitget’s announcement regarding the listing of Phala’s PHA token in its Innovation, AI, and DePIN zones.
The hype based on the listing is expected to generate more investors for the token in the coming days. According to various analysts, the token has the potential to generate profit for the long-term hodlers, mainly because of its foundational values.
This article will forecast the PHA token’s position in the altcoin bull run, and also attach a long-term price prediction table from 2025 to 2030. Additionally, we will provide a purchasing guide to PHA and check the genuineness of the project.
What Is Phala Network?
Phala allows users to create their own AI applications with its LLM (Large Language Mode) and TEE (Trusted Execution Environments). Users can launch and monetize AI agents and apps with the help of blockchain technology. Built on the Ethereum blockchain, the native token of the network is $PHA.
The PHA Token: Use Cases & Tokenomics
| Token Ticker | $PHA |
| Chain | Ethereum ERC-20 |
| Contract Address | 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E |
| Total Supply | 1 Billion PHA |
| Circulating Supply | 771.79 Million PHA |
| Market Cap | $356.66 Million (28/12/2024) |
| 24-hour Volume | 737.77 Million (28/12/2024) |
| Hodlers | 23,450 |
PHA is the governance token of Phala Network, which the users should hodl to partake in the network operations. They can buy and sell AI apps & agents with PHA tokens. Also, it can be earned through staking and by providing computational power.
Around 70% of PHA is allocated for TEE mining which will be unlocked in regular intervals. 15% was sold through private sales and 9% through initial parachain offering (IPO). 1% was distributed as the testnet airdrop and the remaining 5% is for developers.
PHA’s Short-Term Price Forecast: December 2024 & January 2025
As a token that has continuously pumped for the past 4 days from $0.12 to $0.52, we can expect a downtrend for today. It will cool down to create more dips. $0.5 seems like a selling point for many traders, and the token needs a more strong reason to cross that barrier to reach $0.6 or $0.7 in the coming days. If it crosses, we can expect it to reach $0.78 in the early weeks of January 2025.
As a coin with a low market cap of below 1 billion, it has a chance to continue the uptrend after the dip by attracting some whales and other institutional investors. If it reaches $1, we can see high selling pressure.
Let’s move to the long-term prediction.
Phala Price Prediction 2025, 2026, 2027, 2028, 2029, & 2030
The below prediction has considered technical indicators such as moving averages, RSI (Relative Strength Index), and the support & resistance levels of the token. Also, we have integrated the token unlock schedule and other roadmap events of PHA. Anyway, be aware that uncertain ambiguous market conditions affect the crypto market than the mathematical and rational movements.
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $ 0.60322 | $ 1.178077 | $ 1.809127 |
| 2026 | $ 1.809127 | $ 0.499484 | $ 0.75217 |
| 2027 | $ 0.386929 | $ 0.437155 | $ 0.542951 |
| 2028 | $ 0.401767 | $ 0.480371 | $ 1.17839 |
| 2029 | $ 1.012724 | $ 2.10 | $ 3.29 |
| 2030 | $ 0.592002 | $ 0.813424 | $ 1.270386 |
Where To Buy PHA Tokens?
You can purchase PHA from both centralized and decentralized exchanges. Here is a detailed list of exchanges along with the trading pairs:
Top CEXs
- Binance – PHA/USDT and PHA/BTC
- OKX – PHA/USDT
- Bitegt – PHA/USDT
- Kraken – PHA/USD
- KuCoin – PHA/USDT
- HTX – PHA/USDT
- MEXC – PHA/USDT
- Gate.io – PHA/USDT
- BitMart – PHA/USDT
DEXs
- UniSwAP V2 – PHA/WETH
- DeGate – PHA/USDC
- Karura Swap – PHA/ASEED
- DODO – PHA/USDC
Final Thoughts: Is Phala A Good Investment Option?
As a platform that integrates the advantages of artificial intelligence, Phala Network is likely to get hodlers in the long run. It allows the participants to create their own AI applications and earn by monetizing their AI agents. If Phala survives the competitive nature of the AI niche, it will be a great addition to your portfolio.
Finally, don’t forget to do your own research to enlighten yourself to build your own decision-making skills while investing in cryptocurrencies. Go through Phala’s whitepaper and blogs, and also engage with its online communities to get a better understanding. Happy investing!
