Despite the recent price rise of bitcoins (BTC), the download number of crypto-related mobile applications is not increasing. Bloomberg reports on June 28.
Computer Application for Mobile App Analysis Company App Annie shows that in the first half of 2018, there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year it was 67 million, an increase of about 1.82%.
This growth is almost not as sharp as the one reported in previous years, when the first half of 2017 saw 28.2 million crypto drop downloads from 2016's 15.3 million, an increase of 45%.
Apps related to the industry were individualized by searching for programs, including words such as bitcoin, cryptocurrency or blockchain in the Finance tab description of the Apple App Store or the Google Play store. Bloomberg also notes that the number of relevant apps is up 35% from January 201
The report postulates that low crypto app growth is an indicator of low consumer enthusiasm for the asset class , despite the last rally. In fact, recent research from institutional cryptographer Genesis Capital – an affiliate of Genesis Global Trading – shows that institutional participation in cryptographic basket markets is on the rise, and could be a driver for the recent bull market.
As Cointelegraph reported earlier this week, veteran retailer and writer Peter Brandt predicted in a recent market view that bitcoin will continue to grow, but altcoins will not feel the benefits.
Also this week, Galaxy Digital founder and crypto enthusiast Mike Novogratz predicted that Bitcoin's prize will stabilize between $ 10,000 and $ 14,000.