Mobile cryptocurrency apps, including Coinbase, Robinhood, and Crypto.com, have seen a significant increase in popularity and usage, as Bitcoin and other crypto prices surge. This has resulted in a major increase in the overall market cap for all coins, surpassing $3 trillion recently. Coinbase’s app reached the top of the Free Finance category in Apple’s App Store for iOS devices, and other crypto apps also made progress in the same category.
Historically, rising crypto prices have correlated with increased popularity of major exchanges and their apps. However, this time, even new platforms like Moonshot, a mobile meme coin trading platform, have seen a significant increase in popularity and usage, reaching #84 in the Free Finance category on Apple’s App Store.
This surge in cryptocurrency apps’ popularity might suggest that the cycle and prices may be reaching their local highs, with a potential correction imminent.
