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This Reddit-Based Cryptocurrency Is Outpacing Dogecoin Gains Over Past Month

This Reddit-Based Cryptocurrency Is Outpacing Dogecoin Gains Over Past Month
Written by publisher team

p/CryptoCurrency Moons (CRYPTO: xMOON) It ​​made huge gains and is now worth a lot more than the meme cryptocurrency Dogecoin (CRYPTO: DOGE).

What happened: The price of the Reddit-based cryptocurrency soared after the project developers announced a new scalable network, which will enable faster and more efficient transactions. The project can be deployed on the Ethereum mainnet using the second layer solution Arbitrum.

The coin can only be received by voting in the “r/cryptocurrency” subreddit. It can be moved, given and spent in the subreddit freely.

See also: Why is Dogecoin Rising Today?

why does it matterThe price of r/CryptoCurrency Moons was only $0.06 about a month ago, even with Dogecoin trading in the $0.17-$0.25 range.

r/ The CryptoCurrency Moons have continued to rise in the past few weeks and touched an all-time high of $0.435 on Wednesday, August 4th.

Meanwhile, Dogecoin is down more than 73% from its all-time high of $0.7376 in May.

price movement: r/CryptoCurrency Moons are down more than 1% in the past 24 hours and are trading at $0.3563 at press time, while Dogecoin is up 1.4% at $0.1979 over the past 24 hours.

Read next: Exclusive: Dogebeans owner on Dogecoin brand adoption and how Meme Coin can help small businesses beat giants like Apple and Amazon

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