Phantom Pockets climbs Apple app retailer charts — Bullish signal for Solana?

Phantom Pockets climbs Apple app retailer charts — Bullish signal for Solana?

Cryptocurrency pockets Phantom Pockets has now secured the third place on the Apple App Retailer within the utility class, simply behind Google and Google Chrome Apps. 

Crypto commentators are speculating that the rise could possibly be a bullish indicator for Solana (SOL), provided that Phantom Pockets initially launched as a Solana-only pockets.

“Looks like the SOL season goes to be Massive! What SOL cash shall I purchase?” crypto entrepreneur Evan Luthra requested his 413,900 X followers on Could 19.

“Phantom pockets is the third prime utilities app I’m so bullish on crypto and Solana,” added crypto influencer Borovik.

Phantom – Crypto Pockets holds the third spot on the Apple app retailer underneath the utilit class. Supply: Apple

It comes after Phantom Pockets just lately clocked 7 million month-to-month energetic customers, in response to an April 29 submit on X. The rise in any crypto pockets software’s month-to-month customers is often seen by the crypto group as an indicator of wider adoption.

As for the general Apple app retailer, Phantom Pockets now ranks thirty second throughout all classes, lagging behind X (previously Twitter) and the substitute intelligence (AI) chatbot, ChatGPT.

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Though Phantom began as a Solana-only pockets, it has since added assist for Bitcoin, Ethereum, and Polygon blockchains as nicely.

On the time of publication, Solana is at the moment buying and selling at $174.11, up 25.13% over the previous 30 days, as per CoinMarketCap knowledge.

Nevertheless, if cryptocurrency alternate Coinbase — which is at the moment ranked 288th — rises to the highest 10 on the Apple app retailer, and if Phantom Pockets does the identical factor, crypto dealer Shear believes it’d sign the market’s peak.

“These are my favourite indicators, I will likely be promoting all the things when they’re each prime 10,” Shear said in a Could 18 submit.

An app’s rating on the app retailer is influenced by varied components, not solely reliant on obtain numbers. Regardless of MetaMask securing the seventy fifth place in the identical class, it clocked 10 million month-to-month energetic customers as of February 2024.

Rankings additionally weigh components resembling month-to-month uninstalls, in-app transactions, and person sentiment in opinions.

Being a self-custodial pockets, Phantom Pockets gives customers the power to retain management over their keys. 

This offers a substitute for storing property on exchanges, a shift probably influenced by the high-profile collapse of crypto alternate FTX in November 2022, prompting individuals to search for different choices of locations to retailer crypto.

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