• Mon. Mar 4th, 2024

Price Analysis of Bend DAO (BEND) and Phoenix Token (PHX)

May 1, 2022

Time to go through the price analysis of Bend DAO (BEND) and Phoenix Token (PHX) to see how much these cryptocurrencies have grown in the past 24-hours. Due to the strong rallies, Bend DAO and Phoenix Token investors have grown very determined in elevating their prices.

Bend DAO – 533.23% Surge

The price of Bend DAO was reportedly at a low of $0.009685 per BEND and most of the investors had negative sentiments toward the digital asset. Finally, the bulls were able to counter the bears with their strong buying power. As a result, a strong 533.23% rally was formed, which resulted in pushing the price of Bend DAO to a high of $0.06126 per BEND.

Even after 24-hours, the investors are still investing heavily in Bend DAO. This is the reason why the trading volume for Bend DAO has been pushed up by 8912.83%. Due to the strong push, the trading volume for Bend DAO has been pushed up to $2,235,822.

The fully diluted valuation for Bend DAO has also been pushed up by 533.23%. Due to the surge, the fully diluted valuation for Bend DAO has been pushed up to $601,405,412.

Going forward, the investors may continue increasing their buying power in order to push the price of Bend DAO. If the rallies continue, then the price of Bend DAO may grow up to a high of $0.2356 per BEND.

The price prediction for Bend DAO suggests that if the momentum for Bend DAO continues to grow, then more investors may continue investing in Bend DAO. This would result in pushing the price of Bend DAO to a high of $0.4135 per BEND.

If the moving averages, summary scale, and other growth factors grow more bullish, then the price of Bend DAO may surge to $0.6087 per BEND.

Phoenix Token – 333.94% Surge

Phoenix Token has experienced a 333.94% elevation in price in the past 24-hours. The rally recorded for Phoenix Token was also due to the strong buying power of the investors that continued backing the bulls.

Due to the strong rally, the trading price of Phoenix Token ended up uplifting from a low of $0.004374 per PHX to a high of $0.01846 per PHX.

The investors have also rallied in order to push the trading volume for Phoenix Token higher, and so far, they have caused it to grow by 450.26%.

As the momentum keeps growing in favor of Phoenix Token, then the price of Phoenix Token may grow up to a high of $0.03235 per PHX. Going forward, it is expected that the investors may increase their buying energy if the rally stays put. As a result, the trading price of Phoenix Token may rise to $0.04182 per PHX.

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