Coinbase App Store rank as a market top indicator

[Fundamentals Of]

I guess this should be clarified or else it could be misleading. Has Coinbase really been number 1 downloaded app in the App Store? Did it really happen in 2021, in 2017, or ever? I think it has never reached the overall top. It could have reached number one within certain categories, but most likely never in the App store.

Coinbase has much fewer users compared to the likes of TikTok, Snapchat, Facebook, Instagram, WhatsApp, and many others. With these apps, we're talking of billions of users. Coinbase can only boast of tens of millions of users in 2021, much lesser in 2017.

[adaseb]

Coinbase on the App store is finally starting to accelerate rapidly.

2 days ago it was around 150 Rank
1 day ago it broke the 100 rank at 84

Now its standing at 44 Rank.

If this keeps up most likely next week we might be in the Top 10.


Whenever we are #1 we usually put in a top in crypto, give or take a week or two.

Something to keep an eye for.

[thecodebear]

Coinbase on the App store is finally starting to accelerate rapidly.

2 days ago it was around 150 Rank
1 day ago it broke the 100 rank at 84

Now its standing at 44 Rank.

If this keeps up most likely next week we might be in the Top 10.


Whenever we are #1 we usually put in a top in crypto, give or take a week or two.

Something to keep an eye for.

Question is how long is the top. Since we're at the start of the bull run, a cycle top is many months away. But perhaps we get a few weeks of correction.

[OgNasty]

Coinbase on the App store is finally starting to accelerate rapidly.

2 days ago it was around 150 Rank
1 day ago it broke the 100 rank at 84

Now its standing at 44 Rank.

If this keeps up most likely next week we might be in the Top 10.


Whenever we are #1 we usually put in a top in crypto, give or take a week or two.

Something to keep an eye for.

Hitting top 10 in the App Store will bring new eyes on Bitcoin in itself. Granted not enough to move the market or anything, but these are the sorts of actions that have a halo effect and bring in new users that might not have ever even heard about Bitcoin otherwise. I’m glad to see it is still rising.