The cryptocurrency that grew by 88% per day is named

Editor’s note: not financial advice!

The cryptocurrency created by Reddit users, r/CryptoCurrency Moons (MOON), has shown significant growth over the past day. According to CoinGecko, MOON managed to rise by 88.1% in 24 hours.

At the time of writing, MOON is trading at $ 0.30, having reached an all-time high of $ 0.33 in March of this year. «Given the rapid upward movement of the price, it seems that the token rate will break this record soon,» one analyst emphasized.

The value of r/CryptoCurrency Moons increased by 236.3% in a week, 243.7% in a month, and 598.7% in a year. Traders started buying MOON, probably because of rumors about a possible listing of the cryptocurrency on the Kraken exchange. The digital asset is already represented on such trading platforms as MEXC, Gate. io, SushiSwap, and RCP Swap.

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. The coins will be transferred to the Vault cryptocurrency wallet, which was integrated into Reddit last year. It is reported that Reddit even has special editors dedicated to MOON mining.

In February of this year, the MOON 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.