Coinbase surges 63% in App Store rankings as retail investment enthusiasm picks up

Odaily News As the crypto market heats up, Coinbase's ranking in the App Store has jumped from a low of 436 last month to 162, a 63% increase, indicating that retail investors are pouring back into the crypto market. This ranking has always been seen as an important signal of the top of the crypto market cycle, often indicating high FOMO sentiment and potential adjustment risks. Analysts say that although Coinbase is still indicative, its representativeness may be diverted to multiple platforms with the rise of competitors such as Robinhood.