Solana’s Phantom Wallet secures 3rd position on the Apple App Store, big rally coming?

The majority of the Solana (Sol) investors & proponents are now more bullish on Solana cryptocurrency, as its native wallet ranked 3rd position on the Apple app store.

Phantom Wallet is a famous non-custodial crypto wallet designed specifically for the Solana crypto network. This wallet allows users to store, send, receive, and manage their Solana-based (SPL) tokens easily. Also, this wallet is famous for its user-friendly interface and strong security features, Phantom Wallet supports many decentralised applications (dApps) and non-fungible tokens (NFTs) within the Solana ecosystem. Its browser extension and mobile app make it accessible and convenient for users to interact with their digital assets on the go.

On 19 May 2024, Crypto entrepreneur Evan Luthra shared that the popular Solana Wallet Phantom secured third position in the utility app category list on the Apple app store. 

Another Crypto enthusiast said that he is now highly bullish on Solana, as its popular wallet ranks at the top on the Apple appstore.

Earlier on 29 April 2024, The Phantom Wallet team reported that Phantom achieved a very big milestone with 7 million monthly active users. 

In the all category, Phantom is currently ranking at 32th position, which is a very big achievement for any crypto app. 

Some crypto enthusiasts said that it is a very big sign for the Solana crypto market and it’s an indicator for a big rally in the trade price of Sol coin.

It is worth it to note that Solana will release a major update to its mainnet beta on 27 May. This update, Version 1.18, aims to improve Solana’s network performance and also fix network congestion issues. Recently, an increase in bot-driven transactions with meme coins has caused more transaction failures and congestion problems on the Solana network.

The current trade price of Solana (Sol) coin is $172 & this trade price has been 20% high over the last 30 days period, which is itself a huge increment for any crypto token amid the current market sentiments scenario. 

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