Phoenix Price Overview
The current Phoenix price is 1.650000 €. The price has changed by 7.47% in the past 24 hours on trading volume of 16348656.00 €. The market rank of Phoenix is 566 based on a market capitalization of 84912979.00 €. Phoenix has a circulating supply of 51400778.73 PHB. The highest recorded Phoenix price is 3.630000 €. And the lowest recorded PHB price is 0.068095000 €.
How do Phoenix price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.
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Analysing Phoenix’s price history
Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.
Make sure your price prediction for Phoenix matches your long-term and short-term financial goals.
There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.
Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Phoenix chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.
In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.
You can consult an expert to tell you how to buy Phoenix. However, it’s fast and easy to buy Phoenix with the Kriptomat app. Phoenix is available for immediate purchase at the current Phoenix price quote of 1.650000 €. Current prices are always displayed in the Phoenix chart.
News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?
Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.
Buying Phoenix with Kriptomat
Discover where and how to buy Phoenix online. With Kriptomat, buying PHB and other cryptocurrencies is easy, quick, and secure.
Factors influencing the Price of Phoenix
Many factors affect the value of Phoenix.
The Phoenix exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.
Government regulations have a great impact on the price of Phoenix and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.
Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of Phoenix in the news, monitor PHB on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.
Competition and ongoing technological changes make a difference too. Many Web3 tokens are related to established blockchains like Ethereum and Solana. Take Ethereum, for example. The Ethereum Foundation has been open about its plans for introducing new technology to the underlying blockchain. Will those innovations create an opportunity for Phoenix? Or will they close a technology gap, rendering Phoenix less valuable as an investment?
Understanding the crypto market dynamics
The crypto market is a highly dynamic and fast-paced environment that rapidly changes. Just as with Phoenix, understanding these dynamics can be pivotal to your investment decisions. An important consideration is market volatility. Phoenix and similar cryptocurrencies have had high price volatility in the past. Sharp price increases and drops can happen within hours, or even minutes. This volatility can present both risks and opportunities for investors interested in PHB.
Phoenix along with the rest of the crypto market tends to follow Bitcoin’s price moves. This is partly because Bitcoin’s market cap accounts for over a third of the crypto market as a whole. In addition, the competitive landscape within the cryptocurrency market can also affect Phoenix’s price. The entry of new competitors, or the development of more advanced technologies by existing competitors, can pose a risk to Phoenix’s market position.
COMPARABLE MARKET CAP
COMPARABLE TRADE VOLUME
The impact of global economic events on Phoenix price
The PHB exchange rate sometimes moves with or in response to changes in the wider economy. Like all crypto, Phoenix can be affected by Government regulations. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the Phoenix price higher or lower.
Government policies encouraging the development and use of cryptocurrencies can boost the PHB exchange rate, while those that restrict or ban crypto can lead to price drops.
Economic instability or crises can lead people to look for alternatives to fiat currency, potentially increasing demand for Phoenix and other cryptocurrencies. On the other hand, strong economic growth can lead to increased crypto investment as individuals and companies look for new profit opportunities.
Investing in cryptocurrencies like Phoenix can be an exciting yet challenging endeavour. As the cryptocurrency landscape continues to evolve, staying informed and understanding the various factors that can impact crypto prices can help you navigate your investment journey with confidence.
Whether you're an experienced investor or just starting, always remember the basic tenets of investing - diversify your investments, only invest what you can afford to lose, and be sure to understand the risks involved before making any investment decisions. Check out our Intelligent Portfolios that automatically adapt to market conditions.
The role of crypto exchanges
Cryptocurrency exchanges play a crucial role in the trading and pricing of cryptocurrencies like Phoenix. They serve as platforms where buyers and sellers meet to trade crypto. The prices of cryptocurrencies are determined by the buying and selling activity within these exchanges
All of these factors influence the Phoenix exchange rate and the exchange rates of other cryptocurrencies – today. They all influence investment decisions in the crypto market, and those decisions determine the market price.
Live Phoenix value and market cap
The live Phoenix exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.
The market capitalisation of Phoenix is equal to the value of Phoenix multiplied by the number of Phoenix in circulation.
Phoenix Price FAQ
What factors influence the price of Phoenix?
Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence cryptocurrency prices. To see how Phoenix tracks the overall market, check out our comprehensive cryptocurrency price page.
How is the Phoenix exchange rate calculated?
The PHB exchange rate is decided by supply and demand on cryptocurrency exchanges. When more people are buying Phoenix than selling it, the price goes up. When more are selling, the price goes down.
Why is the live Phoenix price different on different cryptocurrency exchanges?
Phoenix’s price quote is based on transactions taking place at each exchange. There is no standard global Phoenix exchange rate. The trading volume and liquidity are different for each exchange, and those differences affect the price.
What will Phoenix be worth in the future?
Any number of things could affect the value of Phoenix in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments. Because unknown future events can affect the price, it is impossible to make a precise Phoenix price prediction.
What is the highest price of Phoenix in EUR?
Phoenix price history shows that Phoenix has recorded a peak value of 3.630000 €.
What is the lowest price of Phoenix in EUR?
Kriptomat data confirms that 0.068095000 € is the lowest recorded Phoenix value.
How much Phoenix should I buy?
If you’re purchasing tokens to use an app or play a game, explore the website and see how much you’ll need. If you’re acquiring Phoenix as an investment, take a look at your financial goals, your investment fund, and your portfolio. Smart investors build portfolios of 10 or more cryptocurrencies, balancing factors like anticipated growth rates, volatility, market niche, and more.