In a surprising turn of events, crypto apps have taken over the top spots of Apple’s US App Store. As of January 22, the top three applications in the US App Store’s finance category were all crypto-related. These include digital asset trading platforms – Crypto.com, Moonshot, and Coinbase.
What Does This Mean for Crypto?
This sudden surge in crypto app popularity is likely due to the launch of President Donald Trump’s Official Trump (TRUMP) memecoin on January 18. The token’s market capitalization skyrocketed to over $9 billion within hours of its launch, peaking at around $14.5 billion.
The Trump memecoin frenzy has also boosted interest in digital asset trading platforms. Moonshot, an app that allows users to buy memecoins using Apple Pay, rose from 309th place in the US App Store’s finance category on January 1 to the top spot just a day after Trump’s memecoin launch.
Other cryptocurrency apps, such as Coinbase Wallet, Robinhood, Binance.US, and Kraken, also ranked within the top 30 free apps.
The dominance of crypto apps in the US App Store’s finance category suggests a growing interest in digital assets and cryptocurrency trading.
Expert Insights
According to Yat Siu, co-founder and executive chairman of Animoca Brands, the TRUMP memecoin could act as a tool to measure public sentiment toward the Trump administration. Siu also noted that memecoin could be used for philanthropic activities. It could transform into a movement with meaningful real-world impact.
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