Cryptocurrency experts name the cryptocurrency that grew by more than 300% per day

Cryptocurrency analysts have drawn attention to the growth of the DONUT token launched by the Reddit community — the digital asset grew by 363% in a week. According to experts, investors assume that DONUT, following MOON and BRICK, may be listed on major exchanges.

At the time of writing, DONUT is trading at $ 0.03, having risen in price by 1368.1% in 14 days, 2849.7% in a month, and 1884.5% in a year. After a poll conducted on r/ethtrader showed that the majority of community members would like to see DONUT listed on a centralized exchange, one of the users sent a letter to the management of the Kraken platform.

The message, published by u/LivingFondant1419, states that DONUT is «the original tokenized cryptocurrency of the Reddit community .» Referring to the precedents of Moons and Bricks, u/LivingFondant1419 noted that Donuts came before other Reddit tokens that are already traded on leading exchanges.

Further excitement arose after the u/KrakenSupport account started interacting with the r/ethtrader subreddit. «We have indeed seen the message u/LivingFondant1419 and it has been passed on to our team for consideration for listing,» the response reads.

Donut is an ERC-20 token used in the r/ethtrader subreddit to reward users for their contributions to the community. Reddit members can earn Donuts by posting quality content and participating in discussions. The coins can be used to purchase premium features such as user flags and badges.

As a reminder, the cryptocurrency created by Reddit users, r/CryptoCurrency Moons (MOON), grew significantly in July. According to analysts, the growth was the result of Reddit’s decision to gradually stop supporting non-tokenized coins and Reddit rewards. At the time, rumors also circulated online about a possible listing of the cryptocurrency on the Kraken exchange.

In February of this year, MOON’s exchange rate was higher than that of 100 fiat currencies. One MOON traded for $ 0.21 was worth more than a unit of fiat currency in Argentina, Brazil, China, Costa Rica, and Egypt.