Key takeaways:
- On Wednesday, Coinbase climbed to the top of the Apple App Store in the United States.
- And hence Coinbase surpasses TikTok, Instagram, YouTube, and other popular applications.
Coinbase’s mobile app has surpassed the number one place on Apple’s U.S. Software Store, making it the most downloaded iOS app in the United States in recent days.
According to U.Today, the largest U.S. exchange recently had a brief outage, which the massive Shiba Inu runup caused, as some suspected.
The meme cryptocurrency has reached a new all-time high of $0.00008616, and its price rise shows no signs of subsiding.
Coinbase took advantage of the rise by including the SHIB ticker alongside Bitcoin (BTC) and Ether (ETH) in the name of its app (ETH).
Shiba Inu’s daily trading volume on the platform hit $5.1 billion, about five times that of Bitcoin and Ether. This is not the first time Coinbase’s app has topped the charts. But, according to the most recent rankings, crypto mania is now gaining a lot of media attention.
When the Dogecoin craze was in full force in early May, the exchange claimed the top place. This happened just a few weeks after the exchange became public on Nasdaq. It is worth remembering that Coinbase became the #1 app on the eve of a significant market collapse on May 19.
The Coinbase app also peaked at number one in late 2017, just as the bitcoin bubble was set to burst. As a result, many investors may be inclined to interpret Coinbase’s recent climb to the #1 rank as a sell signal.
Amid the bull market, Crypto.com’s iOS software has become one of the most downloaded in the United States, reaching the fifth rank on Apple’s U.S. App Store.
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