Reddit token MOON climbs 270% after coin volume is capped

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Last Updated on 15 November 2023 by CryptoTips.eu

Moon, the digital currency of social media site Reddit is given to those who post on the r/cryptocurrency forum. After limiting the number of coins and giving control over the future projects to users, the coin shot up 270% since the announcement.

MOON is available on:

Advertentie.

Sub-Reddit

Reddit is one of the twenty most popular sites in the world according to the global website ranking. The messaging website allows you to give your opinion on anything and everything and is so popular that they have several sub-forums that attract millions of readers every day.

Anyone who ever had an article placed on the front page will see their blog or news site increase by hundreds of thousands of visitors in a day. Crypto is discussed on a daily basis.

The founder of Reddit was one of the first major investors in Ethereum.

Moons are the digital coins that you can earn by posting on Reddit’s crypto forum. The popular social media site started Moons a few years ago but announced about a month ago that they were unsure whether they would continue with the project. Of course, Moons’ price collapsed.

Yesterday Reddit then announced that it had made a decision about the future of Moons. The number of coins would be limited and control over the project was given to its users. The latter could vote on future projects. As a result, Moons were again purchased in large numbers. The price of the coin rose by some 270% since the decision.

MMollaretti / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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