Reddit’s cryptocurrency token has become more expensive than more than 100 world currencies

The MOON token from Reddit is gaining popularity among crypto enthusiasts, which means it is growing in value. Currently, the MOON rate is higher than that of 100 fiat currencies. According to CoinMarketCap, on February 15, the Reddit token was trading at $ 0.2176.

Thus, one MOON is worth more than a unit of fiat currency in Argentina, Brazil, China, Costa Rica, and Egypt. In particular, 1 MOON is worth approximately 42.16 Argentine pesos, 1.14 Brazilian real, 1.5 Chinese yuan, 125.98 Costa Rican colones, and 6.73 Egyptian pounds.

(*ratio of 1MOON to the national currencies of the countries)

The MOON cryptocurrency is part of the digital asset subreddit. The coin operates on the Ethereum network. Anyone who actively interacts in the subreddit through posts and comments can earn the asset. MOON tokens are stored on digital wallets that Reddit calls Vaults. Reddit reportedly even has special editors on staff who are dedicated to MOON mining.

The Reddit platform demonstrates a great interest in cryptocurrencies and blockchain technology, and NFT social networks are in demand among the crypto community. The company recently issued more than a million Super Bowl NFT avatars on the Polygon network.

Ready to score? We’re teaming up with the @NFL to bring you #SBLVII Collectible Avatars. And they’re free. Get yours today: https://t.co/EklR8sMJi3 pic.twitter.com/8IwYNBmyci

— Reddit (@Reddit) February 6, 2023

Initially, there were 40,000 digital NFTs on Reddit, and now their number reaches almost 10 million. The value of the tokens increased sharply in 2022, with sales exceeding $ 10 million in three months.

Another NFT-record holder on the Polygon blockchain was the digital tokens of former US President Donald Trump. Yesterday, February 14, the minimum value of Trump Digital Trading Cards reached the highest price of $ 1,000. Despite the fact that the images depicting the 45th US president in various guises are considered mostly meaningless, they continue to be actively bought.