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Download Cryptocurrency Mobile App Stall against a Price Jump: Report



Despite the recent Bitcoin (BTC) price jump, the number of mobile applications associated with cryptography is not increasing, Bloomberg reports on June 28

App Annie reports that while in the first half of 2018 65.8 million cryptographic applications have been downloaded, with 67 million for the first six months of this year, an increase of about 1.82%.

This growth is not as sharp as that of previous years, given that in the first half of 2017, 28.2 million cryptographic applications were downloaded, from 15.3 million in 2016, an increase of 45%.

Industry-related apps were individualized. looking for apps, including words such as bitcoin, cryptocurrency or blockchain, in their description in the Apple App Store or Google Play Store category. Bloomberg also notes that the number of relevant apps has increased by 35% since January 201

8 and indicates that demand for bitcoin has decreased by 73% of the peak recorded in December 2017.

The report postulates that low growth Cripp application is indicative of low consumer enthusiasm for the asset class, despite the recent rally. Indeed, recent research by the Genesis Capital Institutional Cryptographer, a subsidiary of Genesis Global Trading, shows that institutional participation in cryptographic markets is on the rise and may be the engine of the recent bull market.

As Cointelegraph reported earlier this week, veteran and author Peter Brandt predicted a recent market forecast that bitcoin will continue to grow but altcoins will not feel the benefits.

Also this week, the founder of Galaxy Digital and Cripp Mike Novotroget predicts the Bitcoin price will stabilize between $ 10,000 and $ 14,000.


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