Mar 18, 2024

Moons (MOON), the native cryptocurrency of Reddit’s r/CryptoCurrency community, hits a record high ahead of Celer’s multidirectional bridge launch.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Reddit. Community Token Moon hits a record high ahead of seller's multidirectional bridge. Launch the subreddits moon token clocked a record high of 84 cents over the weekend after interoperability protocol seller decided to support the token allowing token holders to move their coins to arbitra one. The bridge will debut on March 20th moons are er C 20 tokens distributed as rewards to users for their posts or comments in the subreddit. The tokens can be freely traded tipped or spent in the community. Reddit's initial public offering due on March 21st may have also generated interest in the community token. According to Reuters, the IP O is 4 to 5 times overly subscribed, which suggests the shares in the social media platform could debut with a valuation of $6.5 billion. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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