The cryptocurrency that grew by 110% in just one day is named

Cryptocurrency analysts have drawn attention to a digital asset that has shown rapid growth. The native token of the Reddit community Fortnite Bricks (BRICK) managed to rise by 110% in just a day. At the time of writing, the cryptocurrency is trading at $ 0.15, according to CoinGecko.

The bulk of Fortnite Bricks trading volume was on the Kraken cryptocurrency exchange. In total, the figure amounted to about $ 750,000 on all platforms. This is 800% more than the day before. The exact reason for the sharp jump in the value of the token is unknown. However, all this shows that the platform’s community is interested in the benefits of the platform that can be obtained with Reddit tokens.

BRICK is an ERC-20 token distributed among the participants of the popular Fortnite subreddit. In August, the value of the asset rose sharply amid the excitement around other Reddit tokens, such as Moons (MOON), a cryptocurrency in the r/Cryptocurrency section. Users of the social platform can use BRICK tokens to purchase premium features of Reddit, including unique items, icons, and emojis.

In August of this year, another digital asset from Reddit, DONUT, demonstrated significant growth. At that time, the value of the token increased by 363% in a week. This jump occurred amid speculations about the possible listing of DONUT on the Kraken exchange. Also, in July, the value of the Moons cryptocurrency (MOON) created by Reddit users increased. 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 about a possible listing of the cryptocurrency on the Kraken exchange.