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Mobile cryptocurrency applications are experiencing unprecedented popularity on Apple’s App Store, fueled by the recent rise in Bitcoin and other digital assets.?
The crypto market has reached a record $3 trillion in capitalization, with Bitcoin touching a record-high of $93,434, reflecting increased investor enthusiasm.
Crypto Apps Take Top Spot in Ranking
Riding the wave of increased trading activity, Coinbase has leaped from 26th place to claim the top position in the App Store’s Free Finance category. The platform recorded its highest trading volume of the year, hitting $12 billion on November 12, according to CoinGecko.
Coinbase is now the #1 finance app and #13 in the entire App Store.
This is happening too fast.
Makes me a bit uncomfortable.
Is this a local top signal? pic.twitter.com/BbTiHqu05u
— Lark Davis (@TheCryptoLark) November 15, 2024
Other crypto apps, including Robinhood and Crypto.com, have also climbed into the top 10, echoing previous trends where rising crypto prices boosted the prominence of centralized exchange apps.
Moonshot, a meme coin trading platform launched in July, has emerged as a standout performer.
The app moved from outside the top 400 to rank 84 in the Free Finance category.
Designed for retail investors with minimal crypto experience, Moonshot bypasses traditional wallet setups by enabling deposits through familiar payment methods like Venmo and debit cards.
The app has gained over 90,000 downloads and reported record fiat deposits, achieving a daily revenue high of $130,000 on November 12, according to DefiLlama.
Moonshot’s rapid growth reflects the increasing appetite for meme coins, volatile tokens tied to internet trends.
The company playfully acknowledged its ascent on social media, claiming to be “coming for #1” as it overtook traditional finance apps like E-Trade.
However, competition looms from platforms like Photon, Phantom, and BullX, which cater to advanced traders with broader access to meme coins and on-chain tools.
Moonshot’s Meteoric Rise: How Memecoins Are Shaping Crypto Trend
The rise of apps like Moonshot highlights how meme coins continue to play a pivotal role in attracting retail investors to the memecoins subcategory.
Despite their volatility, meme coins promise massive gains, fueling speculative interest.
The “memecoin supercycle” gained further momentum with Coinbase’s recent listing of PEPE and Dogwifhat (WIF), which saw price surges of 79% and 45%, respectively.
Coinbase teased the announcement on X with a playful post, further amplifying the frenzy.
PEPE and WIF are now available on @coinbase.
Is your wallet ready?
— Coinbase Wallet ??? (@CoinbaseWallet) November 13, 2024
The trend has also been boosted by viral moments, such as Elon Musk’s tweet about “a squirrel and a meme coin,”which sent PNUT soaring by 1000% in just a week after its Binance listing.
Also Trending
If you are interested in exploring the most popular crypto apps, you might also want have a look at these three coins.
Pepe Unchained ($PEPU) is the first meme coin to have its own Ethereum Layer 2 blockchain. It’s raised $32 million in ICO, which finishes in 27 days, so there’s no time to lose if you wish to contribute.
Flockerz ($FLOCK) is ‘the people’s meme coin’. It is the first meme coin that will be run by its token owners through its vote-to-earn mechanism. Flockerz empowers its community – The Flock – to guide the project by voting on proposals and are rewarded for their participation. Flockerz has raised nearly $2 million and is priced at $0.0060289 in the current price stage, which ends in one day and 12 hours.
Crypto All-Stars ($STARS) is a meme coin ecosystem that introduces the innovative concept of unified staking for meme coins.?Crypto investors like what they see – the presale raise total is about to hit $4 million. $STARS sells for $0.001568, and there’s only one day to go before the price rises.?
You can buy the presales mentioned above on the Best Wallet app. The wallet’s native token $BEST is for sale exclusively to Best Wallet users in a private sale.
