Reddit

Steve

Foundation

<ul> 
 <li>CMC reports that the trading price of a token is $0.48, up 67% in the last 24 hours.</li> 
 <li>Most Reddit users are particularly optimistic because of the magnitude of Crypto.com.</li> 
</ul> 
Reddit users’ native token, Moons, has seen a meteoric rise in value after being listed on the crypto exchange Crypto.com. CMC reports that the trading price of a token is $0.48, up 67% in the last 24 hours. On Monday, <a href="https://thenewscrypto.com/altcoin-news-kraken-listing-rumors-drive-reddit-moons-token-up-72/" target="_blank" rel="noopener noreferrer nofollow">after hearing</a> that Kraken, a cryptocurrency exchange, was contemplating listing Moons, the price rose remarkably. 
<figure class="wp-block-image size-full"> 
 <img decoding="async" width="661" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/07/MOON_1D_graph_coinmarketcap.png" alt="" class="wp-image-79094" srcset="https://thenewscrypto.com/wp-content/uploads/2023/07/MOON_1D_graph_coinmarketcap.png 661w, https://thenewscrypto.com/wp-content/uploads/2023/07/MOON_1D_graph_coinmarketcap-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/07/MOON_1D_graph_coinmarketcap-150x81.png 150w" sizes="(max-width: 661px) 100vw, 661px"> 
</figure> 
Most Reddit users are particularly optimistic because of the magnitude of <a href="http://crypto.com" target="_blank" rel="noopener noreferrer nofollow">Crypto.com</a>, despite the fact that it is joining a number of other exchanges that currently offer the coin (such as MEXC, Gate.io, SushiSwap, and RCP Swap). 
<h3 class="wp-block-heading" id="h-huge-boost-for-the-exchange">Huge Boost for the Exchange</h3> 
The approximately 6.5 million subscribers of the cryptocurrency subreddit (r/Cryptocurrency) are in an uproar after today’s inclusion. It is now highly possible that these millions of users to rush to Crypto.com. 
In 2020, the Reddit team created a community points system using an ERC-20 token Reddit Moons on the blockchain platform Arbitrum Nova. These tokens are used for tipping other users in the r/Cryptocurrency subreddit and are awarded to individuals depending on their involvement in that community.&nbsp; A user’s Moons are kept in their Vault, Reddit’s <a href="https://thenewscrypto.com/blockchain-news-vitalik-buterin-explores-ethereums-account-abstraction-challenges/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>-based digital wallet that was released to the whole community last year. 
There was speculation in the media yesterday that <a href="http://kraken.com" target="_blank" rel="noopener noreferrer nofollow">Kraken</a> could list Moons on its platform; however, the exchange has now denied any such plans. 
Over the years, Reddit has emerged as a significant hub for proponents of digital assets. It was co-founded by Steve Huffman and Alexis Ohanian in 2005; Ohanian left the firm in 2020 to become a prominent figure in the crypto and NFT sector. 
Highlighted Crypto News Today: 
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Reddit’s Moon Token Surges 67% as Crypto.com Announces Listing

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