Key Highlights
- Binance introduces Phala Network (PHA) trading with Multi-Assets Mode, enabling BTC and other assets as margin.
- Phala Network partners with AI framework ai16z to enhance privacy-focused cloud computing for Web3 AI.
- Analysts forecast PHA could revisit its all-time high of $1.40 amid growing adoption.
Cryptocurrency exchange Binance has announced support for Phala Network (PHA) following a 263% price surge over the past week. The move expands trading options for PHA, including USDT-margined perpetual contracts with up to 75x leverage.
👉 Discover how Binance leverages Phala Network for high-stakes trading
Why Phala Network (PHA) Is Gaining Momentum
1. Binance Listing Fuels Price Rally
PHA’s price jumped 7.37% post-announcement, reaching $0.4619** with a **275% weekly gain**. Trading volume spiked **20%** to **$475 million, while open interest rose 9.94% to $16.83 million (CoinGlass).
2. Strategic AI Integration
Phala Network’s collaboration with ai16z aims to launch Network 2.0, combining Trusted Execution Environments (TEE) with AI for secure data processing. This positions PHA as a key player in Web3 AI infrastructure.
3. Price Predictions
- Short-term targets: $0.50** → **$0.70
- All-time high retest: $1.40 (possible in coming months).
Binance Expands Support to dForce (DF)
Alongside PHA, Binance added dForce (DF) with 75x leverage. DF surged 120% monthly, now trading near $0.099.
| Metric | dForce (DF) |
|---|---|
| Market Cap | $91 million |
| 24h Volume | $159 million |
| Price Range | $0.076 – $0.1277 |
FAQ Section
Q1: What is Phala Network’s use case?
A: It enables privacy-first cloud computing for Web3 AI, leveraging TEE technology.
Q2: Why did PHA price surge?
A: Binance listing and AI partnerships drove demand, with 275% weekly gains.
Q3: Is dForce (DF) a good investment?
A: DF shows strong momentum (120% monthly rise), but always conduct personal research.
👉 Explore Binance’s latest crypto offerings
Final Thoughts
Phala Network’s privacy-focused AI solutions and Binance’s support signal long-term growth potential. Traders eye $1.40 as the next major milestone.
Disclaimer: This content is for informational purposes only. Verify data independently and consult financial experts before investing.