It’s still just days into the new year, but investors have already identified a hot new crypto that’s ready to blow. Phantasma (CCC:SOUL-USD) centers itself around a lot of the moment’s most intense interests in the blockchain space. It’s a gaming play, a non-fungible token (NFT) play and an adversary to dapp networks like Ethereum (CCC:ETH-USD). And as the SOUL crypto is primed for a hot start to the new year, more investors are pouring into the currency. As such, Phantasma price predictions are a point of interest this week.
NFTs had a tight grip on investors throughout 2021. The niche industry of digital art is seeing a renaissance fueled almost entirely by collections like Bored Ape Yacht Club and Crypto Cyberpunks. But NFTs have also been introduced to investors through the lens of online gaming. Projects like Axie Infinity (CCC:AXS-USD) speak to the success of this offering, growing its AXS coin by hundreds of dollars throughout the year.
Phantasma seeks to take blockchain gaming and NFTs and combine it with a network fit to compete with even the largest of dapp protocols. The network is built primarily for the gaming crowd; it offers up a platform that hosts a multitude of blockchain video games already. Of course, these games are also play-to-earn, enabling users to generate income by playing. Moreover, the network plays host to an NFT marketplace. Through this market, users are able to buy and trade smart NFTs, which can be utilized in-game.
What sets Phantasma further apart from fellow gaming plays is its robust dapp protocol. Developers can build dapps of their own on the network, bolstered by a two token system that essentially eliminates transaction fees. Additionally, DeFi capabilities on the network unlock the possibility of staking SOUL for passive income.
Phantasma Price Predictions: SOUL Crypto Looks for New Highs in 2022
It’s obvious that Phantasma is chock full of offerings that make it attractive for the new year. With NFT and blockchain gaming interest only growing larger, it’s easy to assume the SOUL crypto will be one set to grow. And growing it is. Today, the coin is up 6%, trading at $3.64. Trading volume is also exploding, with a 30% increase in SOUL trading over yesterday. But just how much might SOUL grow? Let’s take a look at some Phantasma price predictions and see what analysts are thinking:
- By the close of 2022, Wallet Investor expects SOUL to grow only slightly. The site targets a $4.83 price for the coin.
- DigitalCoin is slightly more bullish; the outlet forecasts a $5.02 price for SOUL by the close of this year.
- Gov Capital predicts paltry gains for SOUL over the next 12 months. It expects SOUL to reach just $4.08.
- Trading Bulls expects the coin to price in at $4.10, given a particularly bullish year.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.