Phala Network Gains 56% Amid Bitget Listing and Zero-Fee Transactions for PHA Buyers

Bitget’s strategic move to list Phala Network (PHA) sparked a 56% price increase. The crypto exchange’s zero-fee transaction promotion and growing trading volume highlight the token’s rising prominence.

Bitget Adds Phala Network to Its Innovation and AI Zone

The prominent cryptocurrency exchange Bitget has announced that it would be offering Phala Network (PHA) under its Innovation, AI, and DePIN Zone, as stated in an official press release dated December 28.

As part of its mission to introduce cutting-edge projects that are revolutionizing blockchain technology to a wider audience, the exchange has made this decision.

The release highlighted the fact that the asset's deposits are now open and that trading will begin on December 27 at 11:00 (UTC).

PHA Deposits, Trading, and Withdrawal Timeline

In addition, you will be able to make withdrawals for the same commencing at 12:00 (UTC) on December 28. Specifically, the platform's massive user base will have access to the PHA/USDT trading pair. Access to this cutting-edge Web3 AI ecosystem will be made effortless by our project.

Bitget is also running a unique 7-day promotion for the cryptocurrency project in an effort to increase support even further. Users of the platform can buy PHA using their credit or debit cards at no cost during this time.

PHA Gains Momentum Amid Zero-Fee Promotions

As the leading cryptocurrency exchange increases its backing for the token, investors are taking a positive view of it due to its increased exposure in the market.

The price of PHA increased by about 56% during the course of the day and is now trading at $0.5372. It hit a low of $0.3605 and a high of $0.5483 in a 24-hour period.

A 304% increase to $850.61 million in intraday trading volume suggests that traders had a favourable reaction to the listing news as well.

Additionally, once trading for the asset begins in the near future, market analysts anticipate further rises. Importantly, comparable historical accounts show that token values experience a favorable effect upon listing.

After securing listing on Bithumb, the PENGU cryptocurrency reportedly saw spectacular increases, according to CoinGape. Phala Network (PHA) now has a more optimistic tone thanks to this historical chronicle.