In an unexpected development, two of Reddit’s community tokens, MOON and BRICK, have experienced a significant uptrend. The reason? Their recent listing on Kraken, a top-tier cryptocurrency exchange.
Rapid Surge in MOON and BRICK Prices
Within 24 hours of the announcement, MOON, representing Reddit’s r/CryptoCurrency forum, escalated by an impressive 47%, settling at 42 cents. On a similar trajectory, BRICK, synonymous with the r/Fortnite community, witnessed a jump of nearly 50%, reaching 4 cents, as per Coingecko’s records.
- MOON: An ERC-20-based token, MOON predominantly rewards active members within the r/CryptoCurrency subreddit. Contributions, such as insightful comments or popular posts, often get compensated with MOONs. Holding this token isn’t just about prestige; users can capitalize on Reddit’s Ethereum-backed wallet, Vault. From trading and tipping to unlocking unique features such as badges and enhanced GIFs in discussions, MOON’s applications within its community are vast.
- BRICK: Parallel in its functionality, BRICK serves the r/Fortnite community, offering similar perks and utilities.
Kraken’s Strategic Move
It wasn’t long ago that Kraken‘s support team alluded to their openness towards listing newer coins on the platform. This casual mention on the r/CryptoCurrency subreddit fueled widespread speculation. With the recent listing of MOON and BRICK, Kraken seems to have turned speculation into reality.
For those invested in these tokens, Kraken and Kraken Pro offer trading options against traditional currencies like the U.S. dollar and the euro. Additionally, enthusiasts can explore perpetual futures, especially for the MOON/USD pairing.
This latest move by Kraken emphasizes the growing influence of community-driven tokens like MOON and BRICK. With the expansion of trading opportunities and the ever-evolving crypto landscape, holders of these tokens might be on the verge of witnessing more thrilling developments.
Disclaimer
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. FintechMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
