What's Driving the Rally in Reddit Community Token MOON?

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Moons (MOON), the native cryptocurrency of Reddit’s r/CryptoCurrency community, hits a record high ahead of Celer’s multidirectional bridge launch. MOON rallied to 84 cents over the weekend, surpassing the previous peak of 65 cents registered in July 2023. CoinDesk's Jennifer Sanasie presents the 'The Chart of the Day.

Moons , the native cryptocurrency of Reddit’s r/CryptoCurrency community, hits a record high ahead of Celer’s multidirectional bridge launch.The chart of the day is presented by crypto.com, 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.

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.

 

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