For the second time this year, Coinbase is the most popular app on the App Store. It is also at the top of the Google store popularity. Could the rise of Shiba Inu have boosted app downloads?
The mobile application of the cryptocurrency exchange Coinbase It has become the most popular of the App Store, Apple’s application store, in the United States.
According to data from SensorTower, the application of Coinbase is number one of the ranking of free apps in the Apple store, even ahead of popular social apps TikTok, Instagram and Youtube. The data also indicate that the application of exchange is currently the second most popular in Google’s Play Store.
SensorTower collects data from more than 10 million app users around the world to provide an estimate of the ten most popular mobile apps based on user engagement, number of downloads, revenue volume, and other metrics.
Coinbase is the app no. 1 at Apple and no. 2 on Google
Launched in June 2014, the application of Coinbase for iOS devices has registered nearly 1.5 million downloads to date, with a recent surge in popularity. According to the data, the app was well below the top 10 iPhone apps at the beginning of the month. Coinbase It went from being the 190th app to the most popular in the last three weeks.
Fred Ehrsam, who co-founded Coinbase along with Brian Armstrong (current CEO of the company), took to Twitter to share what the app looked like in its early days. “How it started … How it goes “, he remembered Ehrsam in a tweet next to a comparative image.
How it started How it’s going pic.twitter.com/7xCGmnHljI
– Fred Ehrsam (@FEhrsam) October 28, 2021
The exchange’s iOS app ranked 385th in terms of popularity in early August. Meanwhile, the data also suggests that Coinbase has climbed among the list of applications for Android. The app went from below number 190 at the beginning of the month to the top three; although in recent weeks it had remained among the top 30 Google applications.
In any case, the data suggest that Coinbase has garnered more attention from Android users. According to data from SensorTower, the crypto trading application for iOS has registered a total of 700,000 downloads in the App Store, while, in the Play Store, for Android devices, it has registered 900,000 downloads in the last month.
The oldest exchange The United States is not the only digital currency mobile app to rank among the most popular. The application of Crypto.com, another well-known cryptocurrency exchange, is also within the App Store’s 10 ranking, according to SensorTower. For its part, in the Google store, the application Cash from Square ranks number 5 and Crypto.com the number 7.
Is Shiba Inu the reason?
Although it is difficult to reduce to one reason the growing popularity of the Coinbase, the latest spike to the top tier of the App Store rankings coincides with the recent cryptocurrency price spike meme Shiba Inu (SHIB).
SHIB’s trading volume soared this week as the token it was conquering a new historical price high. The data from CoinMarketCap Wednesday they showed that Shiba Inu became at that time the cryptocurrency most traded in Coinbase. These metrics also coincide with the fact that recently the application of Coinbase changed his image to include SHIB.
– Shiba Updates (@ShibaUpdates) October 19, 2021
Shiba Inu started trading on the platform Coinbase in September. The coin has risen in price to trade at $ 0.000073 amid growing interest from users. It should be noted that the doggy token price rally led it to rank among the top ten of the major cryptocurrencies by market capitalization, even above its rival Dogecoin (DOGE).
This is not the first time Coinbase tops the list of most popular Apple apps. In May of this year, after the company’s debut on the Nasdaq Stock Exchange, the application conquered the number one position of the App Store in terms of popularity. Previously, at the end of 2017, the application of the exchange had also positioned itself among the top positions.
Hannah Estefanía Pérez’s version / DailyBitcoin
Image from Unsplash