Know r/cc on Reddit | Moons Is Their Native Token | And It Is Slaying The Market At The Moment

over 1 year ago

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Disclaimer: This looks like financial advice, doesn’t it? You look at it from the right, it even looks like I am pushing you to do what is written in the article. If you put your head down and think, you may be convinced that this indeed is financial advice. If you close your eyes, it may seem logical to do what is in the article.

Even then - Do Your Own Research! This is not financial advice! 😊

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What Is r/cc?

Well, one of the cryptocurrency sub-Reddits on Reddit is r/cryptocurrency. One of their name to fame is their vibrant community and more importantly the native token from the site. R/cc has been distributing Moons as one of the tokens for a long time now. It is awarded to those posting and engaging with other posts. The long story short is that this token is doing crazy gains over the past few days. It is, in fact, giving XRP’s rise some challenge.

But why is this happening? Here’s why.

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Reddit Policy Update | Possible Reasons

So, here’s what happened. Moons had peaked some months back at $0.4 and then dropped hard to $0.09 in the wake of our yo-yo-ing bear market. However, over the past few days, there was some good news in the r/cryptocurrency space. I wonder if it had something to do with the XRP judgment since the decisions and everything followed the lawsuit.

Reddit had updated its policies and that allowed the sale of cryptocurrencies in their sub-Reddits. This was not the case until the last week. Earlier, these tokens and coins were considered as just that without any monetary value, or being a medium of exchange. This earlier stance was seen as complying with the SEC’s way of working where Reddit itself was looking at an IPO, and therefore, a possibility of coming under the SEC’s scanner.

Things have changed since the XRP ruling, or so feel most, including me.

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Moons Mooning | Millionaires in the Wake

These policy changes have resulted in almost all tokens and coins on Reddit blasting upwards, more so, Moons. Why do I speak about Moons alone? Because I am one of the beneficiaries of the crypto token, and therefore, coming from the experience of the recent highs. Needless to say, I am also on the r/cryptocurrency sub-Reddit.

Moons were doing just about nine cents last week, and this announcement made them shake up the skies.

See that? That’s the seven-day chart. Moons touched a new ATH of roughly $0.6. At the moment, Moons is trading at $0.49 as we speak. Comparing it with the real giant in the space XRP, which caused the SEC’s feathers to be ruffled, is trading at $0.83. That looks like a nominal rise for XRP as compared to the phenomenal one for Moons.

Also, the point to note is that the market cap of XRP is $43 billion and inching close to $44 billion. On the other hand, the market cap of $50 million. Imagine Moons having the market cap of XRP. Moons would be doing $480 roughly. Man, that’s crazy! 😊

Anyway, even today’s price has made a lot of millionaires. But that’s not all. Moons got subsequently listed on crypto.com, and rumors are that Kraken would be next. To date, MEXC, Gate.io, and Sushiswap were the go-to places for Moons. And now, we have the big CEXs. What does that mean? It means more players will play the Moons trading game. And that is the big potential we are talking about.

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Moons and Reddit Tokens | Give It A Look

While I am not just a Moons user but also a beneficiary of other Reddit tokens like Brick, Donuts, and likes, I’ve got to say that Moons has had the biggest price increase. Is this the one for the future? You decide.

Give them a look and see if they interest you. I am already playing with them. Now, let’s see how far high can these tokens go! 😊

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Image Courtesy: Moons - Reddit || Chart - Coingecko

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