Best Crypto to Buy as Apple Removes Crypto App Restrictions
Donald Trump deregulatory approach to crypto may have swayed a landmark new ruling.
A federal court ruling has said Apple must revisit its App Store rulebook and allow crypto apps to link to external payment systems and bypass its fees. This comes as the court finds Apple in violation of a 2021 injunction from Epic Games’ antitrust lawsuit.
“This is big. I can’t tell you the number of times our app’s been flagged for compliance … simply because we mention crypto. This will pave the way for a flood of blockchain adoption,” wrote Phil Kwok, co-founder of crypto education app EasyA on X.
The move is expected to unlock new ways of integrating digital assets into apps, thus bolstering crypto adoption and market conditions. With that in mind, what is the best crypto to buy now?
Magic Eden
One of the cryptos that could stand to benefit directly is Magic Eden, a Solana-based NFT marketplace.
Magic Eden has its own mobile app, and the new ruling will enable a more frictionless user experience. This could stimulate platform adoption, which would lead to more demand for Magic Eden’s native token, $ME.
Something else to consider is that NFTs were a core narrative in the 2021 bull run, but they’ve been relatively under the radar this cycle. If Apple’s fee-free model makes trading NFTs more seamless, we could see sector demand resurface.
It’s also worth noting that the market appears to be reentering a bullish phase, with Bitcoin above $95K and numerous altcoins making 50% gains or more this month. This signifies market optimism and confidence, which drives investors to riskier asset classes like NFTs and meme coins.
BTC Bull Token
Regarding meme coins, BTC Bull Token might be the best hidden gem on the market. It’s a meme coin that pays its holders real Bitcoin rewards. The project is undergoing a presale and has raised $5.3 million so far.
It’s the first time a cryptocurrency project has paid its holders real Bitcoin, so $BTCBULL has a real chance at big gains.
The project will track Bitcoin’s price and run $BTC and $BTCBULL airdrops at key price milestones, starting at $100K. These airdrops will continue at every $50K price increase afterward until the price hits $1 million.
The project also has a staking mechanism that’s live in the presale and currently provides a 77% APY, but this will decrease as the staking pool grows.
Considering its early stage, meme coin allure, and lucrative rewards, BTC Bull Token appears positioned to capture huge demand as the crypto bull run advances.
Uniswap
Uniswap is the leading decentralized exchange (DEX) on the Ethereum blockchain, but it’s no longer just a DEX. The project has expanded its operations in multiple directions; Unichain and Uniswap Wallet are two of its core pillars.
Regarding Apple’s rule change, Uniswap could certainly benefit. As mentioned, it’ll allow apps to implement third-party payment gateways, making it easier for crypto users to on-ramp funds to the blockchain.
This isn’t good news for centralized exchanges, which are often used as intermediaries between Web3 wallets and banks, but it’s good news for Web3 wallets since it allows them to cut out the middle men.
Uniswap Wallet is focused on delivering an integrated and intuitive user experience that will make transacting on-chain much easier – it’ll be like a trading on a CEX but with more options.
And now, with the new abilities granted to Apple’s crypto apps, it’ll be easy to add funds from your bank directly to your Uniswap Wallet using your iPhone.
And considering a crypto wallet is just one of Uniswap’s many different use cases, plenty of other drivers could contribute to the project’s growth this year.
Axie Infinity
Just like Magic Eden, Axie Infinity is a project set to directly benefit from Apple’s rule change. The project is a Play-to-Earn game that generated immense hype in the 2021 bull run, but a sequence of unfortunate events led to its demise since.
The imposition of Apple’s 30% fee did nothing to help the project maintain its user base and attention, but with that aside, buying NFTs on the Axie Infinity app will be cheaper and more seamless.
It will also allow the project to experiment with new features and other payment systems, such as integrating third-party payment processors such as Stripe.
$AXS is the utility token inside the Axie Infinity ecosystem, so rising platform adoption will directly correlate with rising $AXS demand. This could lead to strong gains for holders this year.
We should also note that, like NFTs, the Play-to-Earn narrative could well return to the main stage this year as market conditions improve.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.