Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Reddit MtGox Poll Reveals Majority Don’t Have Selling Intentions After Receiving BTC
The post Reddit MtGox Poll Reveals Majority Don’t Have Selling Intentions After Receiving BTC appeared first on Coinpedia Fintech News According to a poll conducted on the Reddit MtGox forum, which asked, “What percentage of your Bitcoins will you sell immediately after receiving them?”, 467 members participated in the vote. Among them, 260 individuals, representing the highest proportion at 55%, chose not to sell their bitcoins after receiving compensation. Following this, 88 members, constituting 18% of the respondents, opted to…
11 months ago
Reddit Shares Soar on News of OpenAI Data-Sharing Partnership
Reddit shares investors have been left ablaze after Reddit stocks rose by 11% in after-hours trading following its data-sharing partnership with Open AI Despite the legal hiccup on AI firms, Reddit seems focused on using AI to boost user engagement in the platform Reddit stocks surged following the announcement of the trailblazing data-sharing partnership with Open AI. This strategic partnership leaves both parties at a profitable juncture. While Open AI will showcase and gain access to Reddit information for better…
1 year ago
Which Crypto Reddit Users Recommend for 100X Potential: Solana, Polkadot, and New Crypto Raboo
Crypto Reddit is well-known as a place for uncovering cryptocurrency gems, and three have recently been highlighted for their 100x potential: Solana, Polkadot, and a new crypto known as Raboo. After raising more than $1 million in its presale, Raboo is quickly becoming Reddit's favorite new crypto. Let's find out why these three projects could be 100x gainers. Solana: Meme coin sentiment boosts SOL Solana is a standout on crypto Reddit, celebrated for its blistering transaction speeds—up to 3,500 TPS…
1 year ago
ETFSwap (ETFS) Presale Goes Viral On Reddit And Twitter With $350,000 Raised
Newcomer ETFSwap (ETFS) is setting the crypto world ablaze with its presale, which is rapidly selling out despite the current bearish season rocking the market. This momentum has caught the attention of several crypto investors who are actively seeking to diversify to sustainable investments after it trended on popular social media platforms Reddit and X (formerly Twitter) for hours on Tuesday evening. The massive belief in the ETFSwap (ETFS) project can be linked to its unique infrastructure and commitment to…
1 year ago
Reddit Buzz BlastUP Might Just Be the Next Solana
The hunt for the next big name in the crypto world has drawn attention to BlastUP, fueled by lively discussions on Reddit. Reddit's investment communities, renowned for spotlighting and potentially influencing the success of new tokens, are abuzz with talks about BlastUP. This budding cryptocurrency is making waves for its promise to transform a particular industry, drawing parallels to how Solana made a swift climb in the blockchain arena. Reddit's enthusiasts and investors are keeping a keen eye on BlastUP,…
1 year ago
Reddit Kicks Off “NFT” Sales on Polygon
Reddit announced it has jumped into the NFT space with the release of a series of “collectible avatars” on the polygon blockchain network. Although the word “NFT” did not appear anywhere in Reddit’s announcement, its new collectible avatars share many similarities with non-fungible tokens. Users can Showcase Tokens as Profile Pictures According to its official release, Reddit will launch the virtual avatars in conjunction with Ethereum’s layer-2 Polygon protocol. Working with independent designers, the Reddit team pulled together a collection…
3 years ago
CryptoSnoos: Reddit’s Crypto NFT Integration Still in Test
Reddit continues its integration of CryptoSnoos, a collection of four NFT avatars, on its platform. The Ethereum-based NFTs were each auctioned for up to $400,000 to be used as Reddit avatars. One of Reddit’s NFT avatars still sees activity, despite its initial introduction in June 2021. The continued scarcity of these collectibles suggests that Reddit may still be testing this integration before producing more avatars or allowing users to mint and use their own NFTs on the platform. Redditors with…
3 years ago
Reddit Confidentially Files For IPO
Reddit made another step towards going public. The social media giant announced filing a confidential draft statement for a planned IPO this Wednesday. The company filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The registration statement uses SEC Form S-1. Public companies in the US use the form to register new securities. The SEC requires this form and doesn't allow stock listing on the national exchange without it. Usually, companies submit the S-1 Form before their initial…
3 years ago
Elon Musk and Reddit Among Top Crypto Influencers, Survey Shows
GamblersPick talked to 1,000 US investors recently on their crypto holdings, how they finance their portfolios and maintain their investments. The survey shows a third of the number consulted Reddit before making their crypto investments. Out of the total number, 35% admitted to having dived into crypto via Elon Musk’s influence. The Influence of Reddit According to survey outcomes, crypto enthusiasts have made funding calls after consulting Reddit. More so, over a 3rd of crypto holders reported getting information there. …
4 years ago