Phala Network is trading at 0.0953 as of the 21st of September 2023, a -0.42 percent decrease since the beginning of the trading day. Phala Network has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Cryptocurrency ratings for Phala Network are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of August 2023 and ending today, the 21st of September 2023. Click here to learn more.
Phala Network is peer-to-peer digital currency powered by the Blockchain technology. More on Phala Network
Phala Network is an online market maker for p2p online currency indicated as Cryptocurrency. Phala Network has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Phala Network are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Phala Network are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
Phala Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Phala Network's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Phala Network or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Phala Network Target Price Odds Analysis
What are Phala Network's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Phala Network jumping above the current price in 90 days from now is about 51.06%. The Phala Network probability density function shows the probability of Phala Network crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.1054 indicating Phala Network market returns are highly-sensitive to returns on the market. As the market goes up or down, Phala Network is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Phala Network is significantly underperforming NYSE Composite.
Phala Network Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Phala Network market risk premium is the additional return an investor will receive from holding Phala Network long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Phala Network. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Phala Network's alpha and beta are two of the key measurements used to evaluate Phala Network's performance over the market, the standard measures of volatility play an important role as well.
Phala Network Technical AnalysisWhen it comes to investing in cryptocurrency, such as Phala Network, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Phala Network, which is currently traded at 0.0953, shows everything you need to know about Phala Network market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Phala, to determine its price movements. However, the Phala Network's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Phala Network's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Phala Network's future price trend
Phala Network Against Markets
Picking the right benchmark for Phala Network crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Phala Network crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Phala Network is critical whether you are bullish or bearish towards Phala Network at a given time. Please also check how Phala Network's historical prices are related to one of the top price index indicators.
Be your own crypto managerOur tools can tell you how much better you can do entering a position in Phala Network without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.
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How to invest in Phala NetworkYou need to understand the risk of getting into digital currencies such as PHA before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Phala Network in four ways:
Buy PHA through an exchangeGet yourself a crypto wallet before embarking on your Phala Network journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Phala Network. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.
Purchase fractions of Phala Network through an exchangeYou don't have to buy a full token when starting out since PHA is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.
Trade Phala Network through a brokerIf you don't want to store your Phala Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.
Invest in PHA through an exchange-traded fund (ETF)You can also invest in PHA through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.
Investing IdeasIn addition to having Phala Network in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
Explore Investment Opportunities
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phala Network. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. Note that the Phala Network information on this page should be used as a complementary analysis to other Phala Network's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Phala Crypto Coin analysis
When running Phala Network's price analysis, check to measure Phala Network's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Phala Network is operating at the current time. Most of Phala Network's value examination focuses on studying past and present price actions to predict the probability of Phala Network's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Phala Network's coin price. Additionally, you may evaluate how adding Phala Network to your portfolios can decrease your overall portfolio volatility.