[Infographic] Top 20 Cryptocurrency Apps Case Study - 2022
2018 Top Cryptocurrency Apps: Winners and Losers
Cryptocurrencies have unconnected over the senior 18 months. In this case study, we are going to visually showcase the top cryptocurrency apps you hind end use to gain entree to this exciting securities industry.
There is a slight twice withal in this showcase study. Whereas other online reviews have discussed at length the features of each platform to rank and filing cabinet the apps.
We at Tradingsim have taken a decidedly different approach by measuring "hit" app indicators including reviews, ease of installation and social shares to judge the time value of each product.
Before we dive into the top apps, let's first ground ourselves on the current state of popularity and stake in the space.
Chapter 1: Google Trends Interest in "Cryptocurrency App"
Arsenic a technician of the market, I can't service but notice the 100 rating from Google trends essentially called the top of the Bitcoin market at the end of 2017, right before the deal off. If you are in the business organization of timing the market, you will wish to keep a close eye happening a near 100 rating in the future. If you see a 100 rating cognisant hit your inbox, it's expected prison term to deal and enjoy some of those net profit.
Other interesting point is the number of searches from the Netherlands and Australia were greater than the America.
This is surprising, because the U.S. holds second place for total bitcoin trade volume and is only surpassed away Japan (57% of all bitcoin merchandise volume), which brings Maine to my survive point.
Japan is unlisted in the results because search locomotive engine food market part is evenly distributed in Asia-Ocean.
Now, to this point we have established there is a worldwide interest in cryptocurrency apps but what are the top apps? Besides, where can you discover whol the crypto apps fairly graded and assessed on the web?
Well look no further, our in-depth data study in finance apps led us to shift our focus to the emerging marketplace of cryptocurrency apps.l
To this aim, we created our own rating system on a power surmount to equivalence our findings by reviewing the apps gregarious power, install score, total number of reviews and Google Play ratings.
Chapter 2: The Top 10 Crypto Apps
So what are the top crypto apps? We used our custom scoring arrangement comprised of the aforementioned 4 primary factors. See below.
As you can insure the matchless and two floater are super tight, all things thoughtful. To catch our methodology, scroll to the bottom of the case read.
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I am a truehearted worshipper in there being only one winner in the top spot; withal, life does take over some gray.
Now, if you are a person that strongly values public opinion and reviews like my wife, then Coinbase is likely your number 1 selection. At the end of the day, both Blockchain and Coinbase are amazing companies that have sedate staying might, so you give the axe't go wrong either way.
Why do you think Blockchain and Coinbase apps are ranked so highly versus the former applications?
On the surface the other apps have becoming ratings from users, only when you unclothe back the onion plant, the multiethnic and install mountain are lacking.
But is this a big enough discriminator?
The obvious extractor for Blockchain and Coinbase is you can seat real trades through these applications.
All the other apps are ticker trackers and news alert services. While these are great for the dissemination of information, the true value summate comes in the fact that Blockchain and Coinbase create exchanges for people to trade their cryptocurrencies.
This is a huge valuate add, that has a significant roadblock to incoming for spic-and-span and forthcoming companies. This add economic value at it's heart is the main number one wood for the make awareness associated with Blockchain and Coinbase.
These companies are truly the trailblazers in the cryptocurrency space brpinging together investors and technology to create an entirely new financial system.
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The 3 Most Installed Cryptocurrency Apps
These cryptoapps experience been installed 4x more than any others:
- Blockchain
- Coinbase
- Blockfolio
Again, no shocker here. If a keep company has denounce awareness, significant capitalization and a strong course put down then they will rise to the top.
Chapter 3: The 4 Most Socially Powerful Cryptocurrency Apps
You'll quickly notice the top 4 apps have about 20x more social power than any other apps. Their social power is derived from their number of followers connected Facebook (45%), Twitter (35%), and LinkedIn (20%).
The one standout in this chemical group from a social perspective is Cointelegraph. Cointelegraph has been covering everything affiliated block chain and the cryptocurrency market since 2013.
Beyond looking for apps focused happening tickers and trading cryptocurrencies, Cointelegraph is decidedly worth a visit.
Cointelegraph provides in-depth articles and amazing visuals to recount the story of the cryptocurrency market from multiple angles. It is a nary-brainer wherefore their stories are divided across social platforms.
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Chapter 4: Coinbase Reviewed 10x More Than Any Other App
If you have heard of Coinbase, and so you will know what a truly amazing app IT is. However, it goes beyond Coinbase having an impressive product. Coinbase also has a sound maturation strategy rooted in 4 main areas of focus.
Coinbase has gone to intense lengths to ensure the certificate of its exchange and thus building a level of trust with the retail market that propels healthful growth.
See just how important this app is in damage of numbers pool of reviews on both the iOS App Store and the Google Play App Store.
Wherefore is numbers of reviews an important metric? It indicates the level of betrothal, downloads, interest, and usage.
2018: An Chance for Crypto App Growth
In conclusion, we found the 3 most notable cryptocurrency app leaders are: Coinbase, Blockchain, and Blockfolio.
These 3 apps are the most dominant and have a first-removal firm advantage in a relatively new space.
With the advent of cryptocurrencies there is an chance for app developers to create innovative apps for a global marketplace.
Depending happening the type of app you're superficial for will assist limit the most suitable app for you: whether it is for trading, news, or storing cryptocurrencies.
Chapter 6: Methodology/Study Inside information
Our study began by researching the crown apps in both the Google Play and iOS app stores. As we manually collected a list of the most downloaded, most reviewed, and highest rated apps, we also manually collected additive data points, suchlike number of social followers.
Overall Hit is a customer ranking metric characterised by 4 factors on a normalized exponential scale of 1 to 100. We equally heavy four factors in this study:
- Unconditioned Number of downloads (provided only by the Google Play App Store)
- Evaluation happening the Google Bring up App Computer storage (the iOS App Store only provides "4+")
- Total Number of Reviews
- Social Index
Societal Power is a custom ranking metric created with a disproportional weight of numbers of followers from each multiethnic network: Facebook (45%), Chitter (35%), LinkedIn (20%)
We have expropriated an unbiased view of all the app data we reviewed. However, whatsoever data depth psychology and presentation can be skewed towards factors that make a great app supported anyone's view. We have done our best to appropriately weight different ranking factors to provide an objective depth psychology therein case hit the books.
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Source: https://tradingsim.com/blog/crypto-apps-study/
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