• In an impressive takeover, Reddit Moons are now worth more than Dogecoin

  • The price of Reddit Moons has now surpassed the price of Dogecoin. Moons, the native coin of the r/CryptoCurrency subreddit, has seen tremendous growth. Reddit Moons are now worth more than Dogecoin, the popular meme coin. Following the announcement of a new scaling network by the project developers, the price of r/CryptoCurrency Moon increased. Arbitrum, a Layer 2 solution, would aid the project’s deployment on the Ethereum Mainnet.

    So far, the coins obtained for upvotes on the r/CryptoCurrency subreddit have had an interesting run. The coin, like Dogecoin, achieves success after a period of obscurity. Only a small segment of the market knew who had the coins. However, as a result of the recent market surge, the price of Moons has skyrocketed.

    Moons vs. Dogecoin r/CryptoCurrency

    r/CryptoCurrency Moons was still trading at $0.06 about a month ago. While the price of Dogecoin remained above $0.25. Following a massive uptrend that saw the coin’s price reach $0.80, Dogecoin began to lose momentum. However, as prices in the cryptocurrency market began to fall, he began to lose ground.

    Dip after dip, the price of Dogecoin fell by more than 60% from its all-time high. Despite the fact that there have been recoveries and corrections along the way. The price of r/CryptoCurrency Moons remained mostly flat during this time. Because, while the coin was becoming more popular, there was insufficient demand to raise the coin’s price.

    The majority of July was spent fluctuating between $0.09 and $0.1. However, both coins saw price increases as the market rally in Bitcoin two weekends ago spilled over into altcoins.

    Moons Price Exceeds Dogecoin

    As the weekend came to a close, the cryptocurrency market saw a drop in prices. With the start of a new week, the value of coins such as bitcoin fell. Dogecoin was not left out of the equation. Doge had seen a price increase, pushing the coin’s value into the $0.233 range. However, with the start of the new week, a significant portion of that was shaved off. The price has dropped back down to $0.2 and is now trending downward.

    During the same time period, the price of Moons rose. The market slowdown did not appear to have an impact on the coin. As the price rises further into the new week. Moons finished the weekend at a price of $0.21. Dogecoin closed at $0.209 on the weekend. They were closely following each other.

    Moons, on the other hand, have continued to rise in value as the prices of other coins have fallen. Moons’ price has risen by 23% in the last 24 hours, pushing it above the $0.3 mark. At the time of writing, the price had risen above $0.4 before falling back to rest at $0.372. Doge is currently priced at $0.1998. In the last 24 hours, the price has risen by 0.60 percent.

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