Cryptocurrency pockets Phantom Pockets ranked third within the Apple App Retailer within the utilities class, after Google and Google Chrome Apps.
Crypto commentators consider that the rise may very well be a bullish indicator for Solana (SOL), provided that Phantom Pockets was initially launched as a Solana-only pockets.
“Appears to be like just like the SOL season goes to be a giant one! Which SOL cash ought to I purchase?” crypto entrepreneur Evan Luthra requested his 413,900 X followers on Could 19.
“Phantom pockets is the third hottest utility app, I am very bullish on crypto and Solana,” added crypto influencer Borovik.
This comes after Phantom Pockets not too long ago hit 7 million month-to-month energetic customers, in accordance with a submit on X on April 29. A rise in month-to-month customers of any crypto pockets app is mostly seen by the crypto group as an indicator of wider adoption.
When it comes to Apple’s general app retailer, Phantom Pockets is now ranked thirty second throughout all classes, behind X (previously Twitter) and synthetic intelligence (AI) chatbot ChatGPT.
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Though Phantom began out as a Solana-only pockets, it has since added help for the Bitcoin, Ethereum, and Polygon blockchains as properly.
On the time of publication, Solana is at present buying and selling at $174.11, up 25.13% over the previous 30 days, in accordance with CoinMarketCap.
Nevertheless, if cryptocurrency alternate Coinbase, at present ranked 288, climbs into the highest 10 in Apple’s app retailer, and if Phantom Pockets does the identical, crypto dealer Shire believes it may sign a market peak .
“These are my favourite indicators, I’ll promote every little thing in the event that they each enter the highest 10,” Scheer stated in a Could 18 submit.
An app’s rating within the app retailer is determined by quite a lot of elements, not simply the variety of downloads. Though MetaMask ranked seventy fifth in the identical class, it had 10 million month-to-month energetic customers as of February 2024.
The scores additionally weigh elements corresponding to month-to-month downloads, in-app transactions and person sentiment in opinions.
As a self-storage pockets, Phantom Pockets presents customers the flexibility to remain accountable for their keys.
This gives a substitute for storing belongings on exchanges, a shift that would probably be affected by the high-profile crash of crypto alternate FTX in November 2022, which prompted individuals to search for different choices for locations to retailer crypto.
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