Reddit's MOON Crypto Skyrockets More Than 300% In The Last Week

Reddit's MOON crypto skyrocketed. (Photo; Doc. Crash)

JAKARTA - Moons (MOON), the original token of the Reddit platform, has experienced a major spike in its value after being registered on the Crypto.com platform. The MOON price continues to rise with enthusiasm, recorded an increase of 397.50% in the last seven days, and is currently trading at a price of 0.4629 US dollars (Rp6,900).

MOON's Listing on Crypto.com is positive news for the value of this token. Previously, several other exchanges had also supported MOON, such as MEXC, Gate.io, SushiSwap, and RCP Swap. The more exchanges that support this token, including rumors about possible registrations in Kraken, have made Reddit users increasingly optimistic about MOON's potential.

Interestingly, many Reddit users initially did not expect this big growth for MOON tokens. They were shocked and did not expect that the token they received as part of the Reddit community's point program could grow so rapidly.

In 2020, Reddit launched the ERC-20 token, MOON, as part of their community point program. Reddit users get tokens proportionally based on their activity in subreddit r/Cryptocurrency. MOON can be stored on the user's Vault or used to tip fellow users.

It's no surprise that Reddit has become a gathering place for crypto supporters, given its foundersSteve Huffman and Alexis Ohanian, are crypto enthusiasts. Although Ohanian has left the company in 2020, his interest in crypto and NFT space still affects the Reddit platform.

With its attractive growth potential and support from various trading platforms, MOON is increasingly attracting the attention of the crypto community and has the potential to attract the attention of crypto market users.