Phala Network is a utility token used in the Phala blockchain, which focuses on privacy-preserving cloud computing and Web3 AI services. Its technology aims to enable secure, decentralized computation and data privacy.
PHA trades at a low price level (~$0.026–$0.027 USD / around ৳3.20 BDT per coin) with a modest market cap (~$22 M), reflecting limited liquidity and subdued momentum.
The token has corrected heavily from its all-time high (~$1.39 in 2021), losing over 95 % of its peak value and showing long-term bearish pressure.
Recent price action shows sideways consolidation with modest volatility, as traders watch if support near recent lows holds.
Volume swings reflect speculative interest more than fundamental adoption, typical for smaller cap altcoins.
Overall, PHA remains a high volatility, speculative token where technology progress and ecosystem adoption could influence future direction.
@Phala Network $PHA #PHACoin #pha