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Trump Boosts Crypto Apps on US App Store
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Crypto apps are having a moment, and President Donald Trump’s memecoin drives the hype. As of January 22, they dominated the finance category on Apple’s US App Store. Crypto.com, Moonshot, and Coinbase are leading the pack. Let’s break it down.
But what’s behind this surge, and why are these crypto apps so popular?
Trump’s Memecoin
The excitement began on January 18, when Trump’s official memecoin, $TRUMP, launched. Within hours, its market cap soared past $9 billion, peaking at $14.5 billion before settling around $8.3 billion. Adding to the hype, First Lady Melania Trump introduced her memecoin, which hit a $6 billion valuation in two hours.
Top 10 finance apps:
1. Crypto
2. Crypto
3. Crypto
4. Crypto
5. Taxes
6. Offers crypto
7. Budgeting
8. Offers crypto
9. Offers crypto
10. Crypto pic.twitter.com/okpFIuRa3Z— Yano
(@JasonYanowitz) January 21, 2025
This memecoin hype didn’t only boost the tokens. It also caused a massive spike in interest in crypto apps. Moonshot, an app allowing users to buy memecoins using Apple Pay, skyrocketed from the 309th spot on the finance category rankings to number one. Similarly, DEX Screener, a platform to track token prices, climbed from the 102nd spot to the 21st by January 20.
Why Are Crypto Apps Winning?
Crypto apps such as these simplify the process of buying, trading, and keeping tabs on digital assets for regular people. Many new investors choose to use Coinbase and Moonshot because these platforms make it easy to join the memecoin market.
Yat Siu of Animoca Brands stated that $TRUMP can offer more than temporary popularity. He utilizes $TRUMP tokens to determine public sentiment about Trump’s presidency, using them like a digital indicator. Siu believes memecoins can be tools for positive change by launching philanthropic initiatives following their initial popularity.
.@realDonaldTrump you could go down in history as the most generous and charitable president in history with $trump! What a legacy that would be!
— Yat Siu (@ysiu) January 19, 2025
A New Era for Crypto Apps
The popularity of these apps continues to grow because investors use these platforms for financial solutions. The success of Crypto.com, Binance, and Kraken shows that digital assets gain acceptance from more users. Trump’s memecoin proves that digital financial platforms now drive the market.
NEW: Crypto apps dominate Apple’s US App Store finance rankings, fueled by Trump’s memecoin frenzy with Crypto. com and Moonshot on top. pic.twitter.com/HyMlxVndDN
— Cointelegraph (@Cointelegraph) January 22, 2025
Trump’s memecoin stunt made US App Store users notice crypto apps more. Trading platforms give users an easy way to work with digital assets through their simple and interactive trading options. You can achieve great pleasure by making money while also supporting worthwhile causes.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This post is sponsored by Sensay.
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January 23, 2025 at 08:42AM
January 23, 2025 at 08:45AM
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