Why and how Moons and Reddit will have a major part next bullrun, Reddit X Team and incoming Reddit IPO! BULLISH
3 min read
Reddit crypto efforts so far have been great success between reddit community points going mainnet and huge success of Avatars in 2022, Reddit plans for crypto integration are going according to plan, and that is just the beginning
Reddit X Team
Reddit’s team whose mission is to currently develop the NFT marketplace and ultimately the new business model for reddit, model of subreddits being business and connecting, users, creators and subreddits into a unique new ecosystem
With integrating Moons in it, it will create a unique and powerful ecosystem encapsulating value created by users and connecting it to creators
Steve Huffman, SPEZ co-founder and CEO of reddit, Future business model of Reddit and empowerment of users on people generating living on Reddit
New business model of reddit will be taxation and each subreddit will be like a media company housed under Reddit the same way App Store houses thousands of apps
Reddit incoming IPO
Reddit initial valuation of $10b-$15b and public listing was pushed to late 2023 at earliest, waiting for better market conditions
Reddit IPO will be one of the biggest if not the biggest IPO of the year they launch it. During the bullrun r/cc was one of the subreddits with most traffic out of all and is still biggest internet crypto forum
If reddit make a push and launch the IPO and Marketplace at the same time, it will generate levels of hype we haven’t seen yet, at this point economy will recover and we know reddit won’t go public before economy is at a better state. This, media coverage and inevitable big exchange listings will put Moons far up the top 100
It’s not a coincidence that reddit was the first to understand and see the future of decentralized space and crypto. Reddit was always a platform that valued anonymity, freedom of speech and niche ideas
Moons core idea was suggested long ago by Vitalik, giving out crypto based on upvotes right here on Reddit
Moons being the BTC of reddit community points and ultimately social tokens will change the way we use and see social apps. Last bullrun any legit project had like $300m bottom mcap. Now imagine when BTC starts hitting new ATHs and goes to $100k with Reddit making strides. Bottom mcap for legit projects may very well be $1b during the peak next bullrun or more.
Worth keeping in mind that if Moons had 1/100 of Doge peek mcap, 1 MOON would be worth almost $10 at current supply
It’s hard for many to envision that something given out for free can be worth that much down the line, but Moons will be getting hard to get and scarce. On a bigger scale I witnessed the same with BTC and Doge. It’s hard to see those things in advance and you risk sounding like a madman. 5 BTC Faucet run by Gavin Andresen in summer of 2010, 1000s of Dogecoin tipped in r/Doge over the years, with people tipping 100s of thousands…no one could know what will happen other than speculate
THINK BIG, THINK AHEAD
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