⇑ Rise of the Phoenix Coin: Dominance, Rapid Expansion, and Future Predictions

The crypto space has seen the rise and dominance of Phoenix primarily on the Bitcoin Cash network, as it accounts for 90% of the network's hash rate. Phoenix's entrance into the market led to an overnight doubling of the hash rate and triggered overlapping sentiments within the crypto community. Phoenix's rise comes alongside embarking on a winter tour, planning stops in places like Phoenix, and rumors of a DePINScan listing, which many speculate will catapult Phoenix's price prediction.

Simultaneously, Phoenix and Wasabi have exited the US market in light of the recent crackdown on self-custody wallets. This came while RockItCoin amplified its national presence, acquiring the FirstCoin ATM and Phoenix Crypto Bitcoin ATM networks. These acquisitions followed closely after Phoenix conducted an initial share sale in the UAE, which was 33 times over-subscribed. However, this growth hasn't come without minor setbacks, including the Phoenix Wallet being delisted from the US App Store on a soon-to-be-announced date.

Despite the obstacles, Phoenix's future looks promising, as it recently secured a $380M deal with WhatsMiner for green Bitcoin mining. This came as Phoenix announced another $187M deal with Bitmain, furthering their mining capabilities. Concurrently, the Phoenix Group's shares surged 35% in the Abu Dhabi Stock Market during their debut. Amid these successes and general growth in the crypto market, there's speculation around Phoenix cryptocurrency and Phoenix Coin Shop, with some customers left without goods and payments.

Phoenix Coin News Analytics from Thu, 26 Mar 2020 07:00:00 GMT to Fri, 05 Jul 2024 14:30:00 GMT - Rating 8 - Innovation 6 - Information 5 - Rumor 8