Solana's Phantom Wallet Introduced Bitcoin Ordinals integration

30 Mei

Solana (SOL), the popular cryptocurrency, has been regaining attention as it hosts Bitcoin Ordinals on its associated Phantom Wallet. The platform has announced that Bitcoin support is now out of beta and available to everyone, eliminating the need for users to rely on centralized exchanges or unfamiliar wallets for collecting Ordinals. The team of developers at Phantom has dedicated themselves to enhancing the Bitcoin experience since its beta debut in December 2023.

Users can now buy and sell Ordinals and BRC-20s through various apps such as Magic Eden, Atlas 3, Ordinals Wallet, UniSat, BeFi Labs, Matrica Labs, Ordiswap, Hello, and Gamma. Solana's low cost and high-speed network attracts users due to its low cost and high-speed network. PayPal recently expanded its stablecoin, PYUSD, to the Solana (SOL) network, marking a significant leap in expansion for the online payment platform.

The Phantom Wallet offers comprehensive crypto management, including recursive inscriptions and ledger compatibility. Users can securely manage their Bitcoin, Ordinals, and BRC-20s in one account through the mobile app and browser extension. The Collectibles tab allows users to discover and manage rare sats, check total sat amounts, and view "satributes" for each UTXO. Additionally, Phantom offers simple address management, enabling Native Segwit, Taproot, or both.

This comeback simplifies the process of transferring and buying Bitcoin instantly, offering a comprehensive and streamlined experience for all crypto needs.

Solana (SOL) has manage to regain the $170 pivot again validating its position as the third to Ethereum (ETH). The Altcoin has a Relative Strength Index (RSI) of 55.62 which is primed for a trend reversal. In the short term, Solana's (SOL) daily price chart shows a rising trend pattern from an initial falling wedge pattern.