Just when you thought the craze of crypto was over after poor performance in the market comes a shocking finding that has even some experts stunned.
It’s been a rollercoaster of a ride for Bitcoin in the past few weeks which saw figures rise beyond the $90,000 mark! It’s clear that the craze and interest just might not be over yet.
As per estimates taken from App Intelligence, we can confirm that the crypto marketplace dubbed Coinbase witnessed its best day ever in terms of installs since what we saw at the start of 2022.
During the start of 2024, the average figure for downloads on Coinbase was 23,000 each day from all app stores. As the elections drew near, downloads fell by more than 50% in the summertime. The reason why was simple. Many assumed that Trump would not win and since he was the President who promised to transform the country into a crypto capital of the earth, this was bound to happen.
Now tables turned when Donald Trump came back stronger than ever, winning the elections for a second time. This saw downloads jump back to the daily average on election day and double the following day.
The price of Bitcoin continued to rise and the same effect was seen on downloads. It was at its peak with 114k last week. This is the greatest figure for downloads that this platform has seen in a single day since when it was first launched in 2022.
Now the question on many people’s minds is if this would be the new normal for all. For now, it’s just too early on to confirm. But if things do remain the way they are, Bitcoin’s strength just might continue to move upwards.
H/T: Appfigures
Read next: October 2024’s Highest-Earning and Most Downloaded Apps: TikTok Earns $269M, Instagram Leads Downloads
It’s been a rollercoaster of a ride for Bitcoin in the past few weeks which saw figures rise beyond the $90,000 mark! It’s clear that the craze and interest just might not be over yet.
As per estimates taken from App Intelligence, we can confirm that the crypto marketplace dubbed Coinbase witnessed its best day ever in terms of installs since what we saw at the start of 2022.
During the start of 2024, the average figure for downloads on Coinbase was 23,000 each day from all app stores. As the elections drew near, downloads fell by more than 50% in the summertime. The reason why was simple. Many assumed that Trump would not win and since he was the President who promised to transform the country into a crypto capital of the earth, this was bound to happen.
Now tables turned when Donald Trump came back stronger than ever, winning the elections for a second time. This saw downloads jump back to the daily average on election day and double the following day.
The price of Bitcoin continued to rise and the same effect was seen on downloads. It was at its peak with 114k last week. This is the greatest figure for downloads that this platform has seen in a single day since when it was first launched in 2022.
Now the question on many people’s minds is if this would be the new normal for all. For now, it’s just too early on to confirm. But if things do remain the way they are, Bitcoin’s strength just might continue to move upwards.
Read next: October 2024’s Highest-Earning and Most Downloaded Apps: TikTok Earns $269M, Instagram Leads Downloads
