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Cryptocurrency mobile app downloads are on price increase: Report



Despite Bitcoin's recent price increase (BTC), the number of downloads for cryptocurrency-related mobile applications is not increasing, Bloomberg reported on June 28, 2018, there were 65.8 million crypto-currency-related app downloads in the first six months of this year it is 67 million, an increase of about 1.82%.

This growth is nowhere near as strong as in previous years, considering 28.2 million Crypto apps were downloaded from 15.3 million in 2016 in the first half of 2017, an increase of 45% ,

Industry apps have been customized Search for apps that have words like Bitcoin, Cryptocurrency, or Blockchain in the Finance category of the Apple App Store or the Google Play Store. Bloomberg also notes that the number of relevant apps has increased by 35% since January 201

8, indicating that the search for Bitcoin has dropped 73% from its peak in December 2017.

The report postulates that low growth of crypto-apps is an indicator of this Despite the recent recovery, consumer enthusiasm for the asset class is low. Indeed, recent research by institutional crypto-lender Genesis Capital, a subsidiary of Genesis Global Trading, suggests that institutional participation in crypto currency markets is increasing and could be a driver for the recent bull market.

Cointelegraph reported earlier this week that veteran trader and author Peter Brandt predicted in a recent market forecast that Bitcoin will continue to grow, but that Altcoins will not feel the benefits Mike Novogratz predicted that the Bitcoin price would range between $ 10,000 and stabilize $ 14,000.


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