The post Mobile crypto apps rank up on App Store amid Bitcoin surge appeared on BitcoinEthereumNews.com.

Mobile cryptocurrency applications have ranked up on Apple’s App Store, following the sporadic rise of Bitcoin and other digital assets. The bullish momentum in the market has also seen the overall market cap cross the $3 trillion mark, a new record for the ever-growing industry. Coinbase is leading the charge, moving from number 26 to number 1 in the Free Finance Category of the App Store. The move is in line with the huge jump in trading volume on the exchange. According to CoinGecko data, Coinbase registered a daily trading volume high of $12 billion on November 12. The figure is the highest it has ever recorded since the beginning of the year. Mobile crypto apps make impressive jumps on the App Store Aside from Coinbase, other crypto-related applications have made huge jumps in the category, with some moving into the Top 10. Applications like Robinhood and Crypto.com are a few of the apps that have made huge leaps. Historically, there has been a correlation between huge jumps in crypto prices and activities on exchanges increasing. These activities often trickle down to the use of their applications, which are used majorly by retail traders. These applications are easily accessible on mobile phones compared to decentralized finance applications. However, it is different this time, as it is not only the top crypto applications that are making a jump in the App Store rankings. For instance, the mobile meme coin trading app Moonshot scaled about 380 spots, jumping from outside the top 400 apps category to land inside the top 100 at number 84. According to data from SensorTower, Moonshot recorded more than 90,000 downloads across Apple’s App Store and the Google Play Store after its launch in July. The application allows users to sign up without worrying about the complications of…

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Filed under: News - @ November 16, 2024 9:05 pm