📢 The Phantom wallet supports Bitcoin (BTC) and BRC-20 tokens
🚀According to the announcement posted in the early morning of December 21st, the cryptocurrency wallet Phantom has stated that it has started allowing users to buy, sell, trade, and hold coins on the Bitcoin network, including #BTC and BRC-20 tokens created by Ordinals - Inscription.
🌸Phantom enables users to link their existing Bitcoin wallets to the application, providing features for fund management and detailed transaction history viewing. Additionally, users are empowered to activate optional upgrades for Bitcoin, such as SegWit or Taproot.
✨The Phantom development team acknowledges that "without Bitcoin, there can be no Solana, Ethereum, or web3 industry," and therefore feels "honored" to support BTC and #BRC20 tokens on their product.
📈Although initially developed as a cryptocurrency wallet on the #Solana blockchain, Phantom decided in April 2023 to pursue a multi-blockchain strategy by integrating Ethereum and Polygon.
💹The decision by Phantom to choose Bitcoin as the next blockchain to support coincides with the recent surge of Inscription across various blockchains in the past two months, despite diverse opinions within the Bitcoin community.
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🚀How will Ethereum rise in 2024?
💹In 2023, Ethereum's native cryptocurrency, Ether (ETH), has attempted to recover most of the losses incurred during the 2022 market crash, reaching nearly $2,400 a few days ago. However, this price is still far from its all-time high of over $4,800 recorded in November 2021.
⭐ETH Price Increase
👑Some analysts believe that the recent upward trend may continue into the next year, with #ETH possibly setting new highs in the coming months. According to FieryTrading, this asset has been in an uptrend for over a year and a half, indicating the potential for further significant price increases in the near future:
💰"ETH has been trading within an ascending triangle pattern for over 1.5 years. In my view, breaking out of this pattern could bring significant profits to ETH as it will break through an area filled with stop-loss orders in Short trades, forcing them to buy back their positions."
📈Analysts predict that Ether could reach a desirable level of $5,000 by the end of 2024 or the beginning of 2025.
🎯Nikolaos Panigirtzoglou, CEO at JPMorgan, also shared his perspective, praising Ethereum's upcoming upgrade "Protodanksharding" (EIP-4844). He stated that it could contribute to a strong ecosystem development and push ETH's price to $8,000 by 2026, with #Ethereum potentially outperforming Bitcoin in 2024.
🎉Renowned analyst Michaël van de Poppe has also forecasted a promising future for ETH in the coming year. In his view, the asset may undergo a correction to around $1,900 but remains poised to surge to $3,400-$3,800 in the first quarter of 2024.
⚠️Note: The information in this article is for reference purposes only and is not financial advice. Please conduct thorough research before making any investment decisions. The final financial decisions are your responsibility.
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