Analysis: Despite the rebound in cryptocurrency prices, Coinbase app store rankings show retail investors are still waiting and watching

PANews September 16th news, according to The Block, Coinbase currently ranks 260th in the US app store ranking, indicating that although the prices of major mainstream cryptocurrencies have increased recently, retail investors' participation is still relatively low. Previous cycles have shown that when Coinbase tops the app store rankings, it often means retail participation has reached its peak and the market may become saturated. The current ranking is sluggish, but the price performance is stable, which shows that institutions and senior funds seem to be driving prices, while retail investors do not show corresponding FOMO sentiment. Whether this model can continue, or will be quickly replaced by retail investors' re-engagement, is likely to determine the sustainability of this cycle and when and where the market will peak.