1. BITBILIHome
  2. Article

Reddit’s Moons token skyrockets after Crypto.com listing

• 19 views

TL;DR Breakdown

  • Reddit’s Moons token has registered a massive increase in two days after listing on Crypto.com.
  • Users believe the token will become a growing force.

Description

The native token of cryptocurrency enthusiasts on Reddit, known as Moons, has witnessed a dramatic surge in price following its listing on Crypto.com. The token’s value has soared for two consecutive days, with an impressive 141% increase in a single day, reaching a trading price of $0.41. Moons had already experienced significant gains earlier when … Read more

The native token of cryptocurrency enthusiasts on Reddit, known as Moons, has witnessed a dramatic surge in price following its listing on Crypto.com. The token’s value has soared for two consecutive days, with an impressive 141% increase in a single day, reaching a trading price of $0.41. Moons had already experienced significant gains earlier when news of a potential listing on the Kraken crypto exchange surfaced.

Moons token registers a 141% increase in one day

Crypto.com’s decision to support Moons adds yet another prominent exchange to the list, alongside MEXC, Gate.io, SushiSwap, and RCP Swap. The platform’s substantial size has generated a surge of bullish sentiment among Reddit users, signaling a newfound sense of seriousness surrounding Moons. The cryptocurrency subreddit (r/Cryptocurrency), boasting over 6.5 million users, has been buzzing with excitement since the listing announcement.

Some users were taken aback by the development, expressing surprise at the unexpected success of Moons and pondering their next steps. Introduced in 2020 by administrators as part of their community points program, Moons are ERC-20 tokens launched on Arbitrum Nova. Users receive these tokens based on their activities within the r/Cryptocurrency subreddit and can utilize them for tipping other users.

Safely stored in a user’s Vault, an Ethereum-based digital wallet that Reddit rolled out in the previous year, Moons offer a seamless and user-friendly experience for managing these tokens. The speculation surrounding Moons intensified when reports emerged yesterday suggesting that Kraken might consider listing the token on their platform. However, Kraken has now clarified that, as of the latest update, there are no immediate plans for such a listing.

Reddit has evolved into a significant hub for digital asset enthusiasts over the years. Founded in 2005 by Steve Huffman and Alexis Ohanian, the platform has witnessed significant growth. While Alexis Ohanian departed Reddit in 2020, he remains a prominent figure in the crypto and NFT space, leaving a lasting impact on the industry.

Reddit users believe that the token will become a growing force

The Crypto.com listing has propelled Moons into the spotlight, drawing attention from millions of Redditors. This newfound exposure on the exchange has brought even greater momentum to the already flourishing Moons token. Crypto enthusiasts are closely monitoring the situation, eager to observe how the listing on Crypto.com will shape Moons’ trajectory in the cryptocurrency market.

As Moons continue to soar, the cryptocurrency community eagerly anticipates its potential applications and utility beyond Reddit’s ecosystem. With the support of multiple exchanges, Moons are gaining legitimacy and recognition as a prominent player in the digital asset landscape.

It remains to be seen how the surge in Moons’ value will impact its use within the Reddit community. As more users become engaged with the token, the demand for Moons might surge, leading to further adoption and potential use cases beyond tipping on the platform. The listing of Moons on Crypto.com has sent waves of excitement through the cryptocurrency community, particularly among Reddit users. With its soaring value and newfound attention, Moons is poised to make a lasting impact within the digital asset space.

The crypto community is now closely watching to see how Moons will evolve in response to this heightened interest, and whether it will find applications beyond its original use on Reddit. As the cryptocurrency market continues to evolve, Moons’ journey promises to be one filled with intrigue and potential for further growth.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Reddit’s Moons token skyrockets after Crypto.com listing

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月20日 12:42
Next 2023年7月20日 13:53

Related articles

  • Bitstamp announces temporary suspension of select altcoins for US customers

    TL;DR Breakdown Bitstamp has announced the temporary suspension of select altcoins for users in the United States. Exchanges respond to regulatory scrutiny with token suspensions. Description Cryptocurrency exchange Bitstamp has announced its decision to suspend trading of several cryptocurrencies for customers based in the United States starting from August 29th. The move comes in response to recent developments, although the specific reasons behind the suspension were not detailed in the announcement. The seven cryptocurrencies affected by this decision are AXS, Chiliz … Read more Cryptocurrency exchange Bitstamp has announced its decision to suspend trading of several cryptocurrencies for customers based in the United States starting from August 29th. The move comes in response to recent developments, although the specific reasons behind the suspension were not detailed in the announcement. The seven cryptocurrencies affected by this decision are AXS, Chiliz (CHZ), MANA, MATIC, Near, SAND, and Solana. Bitstamp asks users to clear the affected tokens before August 29 All of the affected tokens have faced allegations by the U.S. Securities and Exchange Commission (SEC) of being unregistered securities in complaints against…

    Article 2023年8月10日

  • Venezuela’s President seeks entry into the BRICS bloc with China’s support

    TL;DR Breakdown Venezuela’s President Nicolas Maduro is actively seeking China’s support to join BRICS. Venezuela and China have signed a Memorandum of Understanding to cooperate on developing and modernizing special economic zones. The BRICS bloc has admitted six new members, expanding its influence and commitment to reshaping the global order. Description Venezuela’s President Nicolas Maduro is actively seeking China’s support in joining the recently expanded BRICS group, a bloc of Brazil, Russia, India, China, and South Africa. This move comes as the BRICS members recently agreed to admit six new full members. Venezuela seeks entry into BRICS In an interview with the Chinese state news agency … Read more Venezuela’s President Nicolas Maduro is actively seeking China’s support in joining the recently expanded BRICS group, a bloc of Brazil, Russia, India, China, and South Africa. This move comes as the BRICS members recently agreed to admit six new full members. Venezuela seeks entry into BRICS In an interview with the Chinese state news agency Xinhua, Maduro expressed his aim to secure Venezuela’s entry into BRICS, emphasizing the importance of China’s…

    Article 2023年9月10日

  • Uniswap price analysis: Bearish sentiment causes a regression in price to $5.28

    TL;DR Breakdown Uniswap price analysis shows a bearish trend. The price has decreased up to $5.28. Support for cryptocurrency is present at $5.19. The Uniswap price analysis shows that bears have struggled to maintain dominance, resulting in a low price trend over the past two days. After peaking at $5.33, selling pressure emerged, leading to a downtrend. Today, the price declined to $5.28 as bears regained strength. This decline has had a negative impact on the coin’s overall value, delaying any potential recovery. The expectation is for a further decline in the upcoming hours. UNI/USD 1-day price chart: The price took a recent hit, leading to a decrease to $5.28  According to the one-day Uniswap price analysis, today’s trend indicates a downward movement as the price has reached $5.28. The price has been gradually falling over the past few days, although there were some intermittent bullish periods observed yesterday. Within the last 24 hours, the bears gained an advantage and successfully brought the price down to $5.28. It is important to note that the price is still above the moving…

    Article 2023年5月21日

  • Euler Hacker Sends Cryptic Messages Encouraging Ethical Hacking and Hints at Future Actions

    TL;DR Breakdown The Euler hacker, who returned $200 million in stolen crypto, has sent cryptic messages encouraging ethical hacking and advising against stealing. The messages were encoded in transactions and included references to Buenos Aires and the Argentine people. The hacker self-identified as an Argentine Peronist and urged beginner hackers to pursue bounties instead of theft Description In a surprising turn of events, the notorious Euler hacker, who recently returned $200 million in stolen cryptocurrency, has resurfaced with cryptic messages encoded within transactions. The self-proclaimed Argentine and “Peronist” hacker, known for exploiting vulnerabilities in the Euler code, urged beginner hackers to pursue ethical bounties instead of engaging in illicit activities. The enigmatic … Read more In a surprising turn of events, the notorious Euler hacker, who recently returned $200 million in stolen cryptocurrency, has resurfaced with cryptic messages encoded within transactions. The self-proclaimed Argentine and “Peronist” hacker, known for exploiting vulnerabilities in the Euler code, urged beginner hackers to pursue ethical bounties instead of engaging in illicit activities. The enigmatic messages, sent by the hacker during the evening in London,…

    Article 2023年6月21日

  • XRP community buzzes as Ripple CTO explains halt of investor lockups

    TL;DR Breakdown Ripple’s CTO, David Schwartz, shared a past post outlining key points of Ripple’s vision. According to Schwartz, investor lockups involving XRP were abandoned due to their ineffectiveness. Ripple has evolved its strategies, showcasing adaptability and a willingness to explore new approaches. Description The Ripple (XRP) community recently unearthed an old post by David Schwartz, Ripple’s Chief Technology Officer (CTO). Shared by an enthusiastic member known as “RealXRPboy,” the post rekindled curiosity and ignited discussions within the crypto community. Schwartz, known for his insightful perspectives, had outlined ten key points, providing a glimpse into Ripple’s vision. Schwartz began … Read more The Ripple (XRP) community recently unearthed an old post by David Schwartz, Ripple’s Chief Technology Officer (CTO). Shared by an enthusiastic member known as “RealXRPboy,” the post rekindled curiosity and ignited discussions within the crypto community. Schwartz, known for his insightful perspectives, had outlined ten key points, providing a glimpse into Ripple’s vision. Schwartz began by stating, “Here’s how I’ve been explaining it recently,” offering a glimpse into his mindset during that era. With cautious optimism, he concluded…

    Article 2023年7月18日
TOP