Phala Network has recently emerged as the talk of the crypto town, emerging on investors’ radars as its token witnessed phenomenal price gains. PHA price gained over 50% against the backdrop of a major crypto exchange expanding support for the token. As a response, market participants anticipate the future price action of the token that boasts the integration of artificial intelligence (AI) with blockchain technology.
Phala Network Gains Bitget’s Backing Sparking Optimism
According to an official press release dated December 28, the leading crypto exchange Bitget is listing Phala Network (PHA) in its Innovation, AI, and DePIN Zone. This decision by the exchange comes in an effort to offer innovative projects redefining blockchain technology to the broader market.
Notably, the announcement revealed that deposits for the asset are now open, with trading to commence on December 27 at 11:00 (UTC). Further, withdrawals for the same will be enabled starting December 28 at 12:00 (UTC). In particular, the PHA/USDT trading pair will be available for trading for the platform’s colossal user base. This endeavor ensures providing seamless access to this advanced Web3 AI ecosystem.
Moreover, to further expand support, Bitget is offering a special 7-day promotion for the crypto project. The platform’s user base can purchase PHA using credit or debit cards with zero transaction fees during this period. Overall, as the top crypto exchange expands support for the token, market watchers optimistically eye the token in light of enhanced market visibility.
What’s Next For The Crypto?
At the time of reporting, PHA price gained roughly 56% intraday and is currently trading at $0.5372. Its 24-hour low and high were $0.3605 and $0.5483, respectively. Intriguingly, traders also reacted positively to the listing announcement as the intraday trading volume witnessed a 304% uptick to $850.61 million.
Further, market watchers anticipate additional gains as the trading for the asset commences ahead. Notably, similar past chronicles reflect a positive impact on tokens’ prices post-listing. CoinGape reported the PENGU token to have witnessed phenomenal gains as it secured listing on Bithumb. This past chronicle has added a bullish tint to Phala Network (PHA).
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