cryptonews.net
The Phantom Wallet cryptocurrency wallet ranks third in the Apple App Store in the utilities category, just behind Google and Google Chrome Apps. Crypto commentators have speculated that this rise could be a bullish indicator for the Solana token, given that Phantom Wallet was originally launched as a Solana-only wallet.
This comes after Phantom Wallet recently hit seven million monthly active users, according to a post on X on April 29. The crypto community generally views an increase in the monthly number of users of any crypto wallet app as an indicator of wider adoption. In terms of Apple’s app store as a whole, Phantom Wallet currently ranks 32nd across all categories behind X and artificial intelligence (AI) chatbot ChatGPT.
Initially considered a Solana-only wallet, Phantom has now added support for the Bitcoin, Ethereum and Polygon blockchains. At the time of writing, Solana is trading at $174.11, up 25.13% over the last 30 days, according to data from CoinMarketCap. Crypto trader Shear believes that if cryptocurrency exchange Coinbase — currently ranked 288th — rises to the top 10 on the Apple app store and if Phantom Wallet does the same, it might signal the market’s peak.
Image: CryptoRank