tl;dr
Mobile cryptocurrency apps, led by Coinbase, have surged in the App Store rankings amid a spike in Bitcoin and crypto prices, driving the overall market cap for all coins past $3 trillion. Coinbase topped the Free Finance category, with significant trading volume, while other major crypto apps like ...
Mobile cryptocurrency apps, including Coinbase, Robinhood, and Moonshot, surge in App Store rankings, reflecting the increasing popularity and trading volume of cryptocurrencies.
Moonshot, a mobile meme coin trading platform, rises to #84 in the Free Finance category, attracting retail participants with simplified access to meme coins and record-breaking fiat deposits.
Established platforms like Photon and BullX, as well as the upcoming Vector.fun from the team behind Tensor, signal fierce competition in the crypto app market.
The success of Coinbase and other crypto apps in App Store rankings is seen as a potential indicator of local highs in the crypto market, although the rise of multi-chain wallet Phantom suggests a different trajectory.
Mobile cryptocurrency apps, led by Coinbase, have surged in the App Store rankings amid a spike in Bitcoin and crypto prices, driving the overall market cap for all coins past $3 trillion. Coinbase topped the Free Finance category, with significant trading volume, while other major crypto apps like Robinhood and Crypto.com also made substantial gains.
Moonshot, a meme coin trading platform, climbed to #84 in the Free Finance category, offering accessibility to retail buyers. The rise corresponds to reported record-breaking fiat deposits and high daily revenue. Despite competition from platforms like Photon and BullX, the success of Coinbase and other apps in the rankings is seen as a potential signal of a market peak, although some believe this time may be different.
Mobile cryptocurrency apps have jumped towards the top of App Store rankings amid a surge for Bitcoin and other crypto prices, resulting in a major increase in the overall market cap for all coins—surpassing $3 trillion earlier this week. Coinbase leads the charge, jumping from #26 on Election Day to #1 on Friday in the Free Finance category of Apple’s App Store for iOS devices.
Historically, rising crypto prices correlate with an increased popularity of major exchanges and their respective apps, which are more accessible to mainstream retail buyers than decentralized platforms targeted towards crypto experts. But this time, it’s not just the top crypto brands making their presence known in the App Store rankings.
Moonshot, a mobile meme coin trading platform, has jumped 388 spots—from outside the top 400 apps—to #84 in the Free Finance category during the same timeframe. Launched in July, Moonshot has amassed more than 90,000 downloads across the iOS App Store and Google’s Android Play Store based on data from SensorTower.
Established platforms like Photon and BullX offer more sophisticated traders access to a greater breadth of meme coins and earlier entry points directly on-chain. Meanwhile, the team behind Tensor—the Solana-based NFT marketplace—is gearing up to release its social trading platform Vector.fun. The success of Coinbase and other crypto apps in App Store rankings is sometimes viewed as a “top signal” in crypto circles, in other words—a signal that the cycle and prices may be reaching their local highs, with a correction imminent. But maybe this time is different?
Phantom, the popular multi-chain crypto wallet, was ranked #6 in Apple’s Utilities category as of late Friday.