I was a little bit concerned about how hard we had pumped last Thursday and while people across the internet were claiming we were getting ready to have a new bull market kick-off there were several big things that I personally think need to be addressed before that takes place. So when a lot of the gains were given up on Friday and we started to crab once more I wasn't surprised. Luckily though one crypto has really kicked off and single-handedly is carrying my portfolio right now... my precious moons!
To say that MOONs have exploded might be an understatement I mean look at the complete explosion in the SushiSwap LP pool one of the only places that you can trade MOONs.
I mean we are talking about volume increases of over 10,000% in the last 24 hours and this is going into the second day of the huge price movement as you can see with the chart. This is a huge and significant movement as last Saturday the price of MOONs was right around $0.09 per moon and now is currently sitting at $0.201 per MOON!
The reason behind this movement is Reddits recent announcement last week that it was going to phase out its Reddit Coins and a change in its terms of service that seems to give the A-okay to allow the sale of digital assets. This allows those who own the digital avatars and MOONs to be sold and by officially allowing this could set up MOONs to be listed on major exchanges. Naturally, all of this coming out over the weekend has led to a huge surge in interest especially when the market starts crabbing and people are looking for the next big mover. How long this surge will last and if there are going to be any more announcements that could further spur it only time will tell but for right now the community is extremely bullish, to say the least!
Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_
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