A recent federal court ruling compels Apple to revise its App Store rules, which will allow crypto apps to use external payment systems. This could lead to significant gains for various cryptocurrencies, especially those associated with NFTs and meme coins. Notable mentions include Magic Eden, BTC Bull Token, Uniswap, and Axie Infinity, all poised for potential growth in light of these developments.
Apple is facing a significant shakeup regarding its App Store rules thanks to a recent federal court ruling. This decision mandates that Apple must allow crypto-related apps to link to external payment systems and circumvent the hefty fees that they usually impose. The ruling stems from a 2021 injunction linked to Epic Games’ antitrust case against Apple, suggesting a notable shift in the tech giant’s long-standing policy. Phil Kwok, co-founder of crypto education app EasyA, noted the potential for increased blockchain adoption, illustrating the enthusiasm in the crypto community. He tweeted about this change, emphasizing how compliance issues often arose for apps merely mentioning cryptocurrencies.
With the new court ruling, it seems the door is wide open for broader digital asset integration into various applications, possibly spurring more widespread crypto adoption. So, as the market shifts, which cryptocurrencies look like solid bets right now?
First up is Magic Eden, a Solana-based NFT marketplace. The new ruling may favour Magic Eden, primarily because the mobile app can deliver a hassle-free user experience. If users can trade NFTs without restrictive fees, demand for Magic Eden’s native token, $ME, is likely to climb. While NFTs may have taken a back seat this cycle, any removal of friction could reignite interest just like during the 2021 bull run.
Speaking of bullish indicators, Bitcoin recently surged past $95K, and several altcoins have grabbed returns of over 50% this month. It seems the market is optimistic. With investors typically more willing to explore riskier assets in these conditions, now might be a good time for NFTs and the popular meme coins.
Speaking of meme coins, BTC Bull Token is grabbing attention as a potential hidden gem. Currently in presale, they’ve raised an impressive $5.3 million so far. This project uniquely rewards holders with actual Bitcoin—something that’s never been done before. The value of $BTCBULL is also directly tied to Bitcoin’s price movements, with airdrops planned at key price milestones, starting from $100K, to attract more investors.
Another aspect of the BTC Bull Token is its staking mechanism, currently offering an enticing 77% APY, although this could lower as more people join in. Given the hype surrounding meme coins and this project’s innovative features, there’s a chance that BTC Bull Token could surge as the market heats up.
Then we’ve got Uniswap, the leading player in decentralized exchanges (DEX). Uniswap has expanded beyond just trading into areas like Unichain and Uniswap Wallet. Apple’s decision could favour Uniswap, since the new payment methods allow easier fund transfers into the blockchain for users. This directly impacts centralized exchanges, which often mediate transactions, while enhancing the efficiency for Web3 wallets.
The Uniswap Wallet’s primary goal is to simplify the user experience for crypto transactions, effectively mimicking the ease of trading on centralized platforms while offering more blockchain options. If users can easily funnel bank funds into their Uniswap Wallets via iPhone, this could propel growth.
Axie Infinity is another exciting project positioned to gain from Apple’s regulatory reform. Initially generating buzz during the 2021 bull cycle, it faced setbacks that diminished its popularity including Apple’s prior fee structure. The new changes could facilitate easier NFT purchasing through Axie Infinity, and perhaps even allow for third-party payment processing options like Stripe.
The platform operates with the token $AXS, and as more users engage with it, demand for $AXS is likely to correspondingly rise. As the market improves, the Play-to-Earn model could regain traction, potentially bringing rewards for $AXS holders this year.
Just a note—this article is for informational purposes and isn’t financial advice. Cryptocurrencies can be incredibly volatile, so do your research before diving in!
