Daily crypto reddit
Popular social media network Reddit is rolling out a waitlist for users and moderators to participate in its expanding Ethereum-based Community Points program. According to its website , the program would allow members of eligible subreddits to earn reputation points and own a piece of their favorite community via customized crypto tokens built on the Ethereum blockchain. Over time, your community will benefit from even greater control and independence on — and off of Reddit. Reddit users can earn points by participating in discussions, winning community contests, and posting quality content.
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Content:
- Social Giant Reddit Expanding Ethereum-Based Crypto Program, Rolls Out Waiting List
- Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke
- Going for Broke in Cryptoland
- Confused About Dogecoin? Here’s How It (Doesn’t) Work.
- Bitcoin price news – live: BTC hopes stoked as crypto at ‘4th most oversold in its history’
- Reddit to Roll Out Crypto Tokens to More Communities
- Reddit Crypto Traders Try Their Luck Before Big Players Invade
- Coinbase now lets you buy cryptocurrency with your PayPal account
- How high can meme coin prices go?
Social Giant Reddit Expanding Ethereum-Based Crypto Program, Rolls Out Waiting List
It often feels like the world of Cryptocurrency is moving at a million miles per hour. With so much noise in the space, it can be hard to tell apart manufactured hype and legitimate conversations online. Specifically, we looked at the top 1, posts from September 19, to October 19, By only taking the top posts, we can have a degree of certainty on the quality of the posts, rather than scraping every single post that gets submitted. If we scraped every single post, we could potentially include those submitted by spammers or bad actors.
In order to do this, we used ParseHub, a free and powerful web scraper that can scrape data from any website. You can download ParseHub for free to start scraping data from reddit right now. Want to learn how to scrape data from Reddit? Check our guide on how to scrape data from Reddit, including images, links and more.
Once we extracted all the data we needed. We organized our list based on mentions of the currencies across post titles and inside text posts.
We also took into consideration the amount of upvotes and comments said posts garnered. While some coins had fewer posts dedicated to them, they generated significantly more conversation than coins with more dedicated posts. What are the most popular Cryptocurrencies? After all, these are also the 2 largest cryptocurrencies by market cap and considered to be the 2 most popular ones. Despite their relative seniority, conversation on both cryptos dominates the space significantly.
Out of all posts analyzed, About 3. When we look at text posts, where the real conversations often happen. Bitcoin is mentioned in About With Bitcoin reaching new all-time-high prices and Ethereum-based NFTs continuing to drive up hype, we expect these 2 to dominate conversations in the space for the foreseeable future. Shiba Inu was started as a new memecoin in the same spirit as Dogecoin.
Despite only being over a year old, it has gained tons of attention lately due to its rise in price and meme status. Not only is Shiba Inu way up in mentions when compared to its market cap, but the conversations around it are overwhelmingly positive.
While only being mentioned in about 1. In fact, posts about Shiba Inu garnered almost as many upvotes and comments as posts about Ethereum, with only a fraction of posts mentioning it.
Shiba Inu shows a lot of strength in the conversation side of things, we shall see how it translates to actual value in the coming months. Despite its age 6 years, which might as well be a lifetime in the crypto space , Cardano has remained popular. Cardano is considered to be the largest cryptocurrency to use a proof-of-stake blockchain. Cardano was mentioned in 1. Posts about Cardano are also positively received with a healthy total count of 10, upvotes and 4, comments garnered.
In a rather controversial spot, we have Algorand, the 20th largest coin by market cap Technically, the coin name is just Algo while Algorand is the underlying platform, but alas. While Algorand managed to garner a high number of mentions, said posts were not necessarily that popular. However, these posts garnered fewer upvotes and comments than multiple coins further down the list.
Tether, Ripple and Dogecoin all garnered more upvotes while Dogecoin and Tether generated more comments with fewer dedicated posts. Next up, we have Tether, the 5th largest cryptocurrency by market cap. Similarly to Cardano, Tether has a relatively standard rate of upvotes and comments when compared to the amount of posts.
In fact, Tether has close to half as many post mentions, upvotes and comments as Cardano. This is despite their market caps being incredibly close to each other 70B to 69B as of the time of writing.
While Tether sparks a similar positive sentiment as Cardano, it does not spark it at the same volume as its neighbor does. At 7 we have the cryptocurrency known as the original memecoin , Dogecoin.
It currently is the 10th largest crypto by market cap. Despite only being mentioned in 0. Dogecoin remains incredibly popular and continues to generate lots of discussion in the crypto space. At 8 we have XRP Also known as Ripple, the name of its underlying platform , one of the oldest cryptocurrencies on the list. Despite being founded 3 years after Bitcoin, XRP remains popular and its currently the 6th largest cryptocurrency by market cap.
XRP is mentioned in 0. Said posts garnered 3, upvotes More than Algorand and 1, comments. At 9 we've got a relatively new cryptocurrency, Solana. Solana was mentioned in 0. Said posts garnered upvotes and 1, comments. Last but not least we have LINK Also known as ChainLink, the name of the underlying platform , the 17th largest cryptocurrency by market cap.
LINK is another coin that manages to drive a high amount of conversation around itself despite its lower market cap. LINK is mentioned 0. LINK continues to rise in popularity, we shall see if this popularity can translate into future valuations.
The future of crypto is uncharted territory. However, by analyzing data on the popularity of different cryptocurrencies, a clearer path to the future can be seen. However, we recommend doing extensive research on any cryptocurrency you plan on investing in. Lastly, we took into consideration mentions of both the coin names Bitcoin and tickers BTC. Cardano remains a valuable and popular coin in the crypto space.
Algorand remains a popular coin that struggles to build as much hype as others. Ripple remains a moderately popular coin in the cryptocurrency space. Solana has managed to become moderately popular in a very short amount of time. Said posts garnered upvotes and comments. Not too shabby for 17! The most talked about Cryptocurrencies The future of crypto is uncharted territory. Download ParseHub for free.
ParseHub Blog. What were the most popular Cryptocurrencies in the last month? According to Reddit. Share this.
Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke
Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button. This will alert our moderators to take action. Stock analysis. Market Research. Nifty 17,
Going for Broke in Cryptoland
This op-ed was originally published by The Washington Post. Bitcoin, the original cryptocurrency, was launched in The surge in their prices earlier this year minted tens of thousands of cryptocurrency millionaires—at least on paper. Cryptocurrencies might turn out to be a massive speculative bubble that ends up hurting many naive investors. Indeed, many cryptocurrency fortunes have already evaporated with the recent plunge in prices. But whatever their ultimate fate, the ingenious technological innovations underpinning them will transform the nature of money and finance. Cryptocurrencies such as bitcoin and Ethereum were designed as a way to make payments without relying on traditional modes such as currency notes, debit cards, credit cards or checks. In fact, it has become very expensive and slow to conduct transactions using cryptocurrencies. Ethereum, the second-largest cryptocurrency, processes transactions slightly faster but also has high fees.
Confused About Dogecoin? Here’s How It (Doesn’t) Work.
Our mission is to bring community and belonging to everyone in the world. Reddit is a community of communities where people can dive into anything through experiences built around their interests, hobbies, and passions. For more information, visit redditinc. The Internet is the most important public square in history. It shapes economies and elections, relationships and futures.
Bitcoin price news – live: BTC hopes stoked as crypto at ‘4th most oversold in its history’
Community Points can be used for tipping, increasing voting power on polls, and snapping up items that are unique to each community. They also serve as a way of building a user's reputation. Reddit has been dabbling in Ethereum-based tokens for some time. These Community Points can be used for tipping, increasing voting power on polls, and snapping up items that are unique to each community. Reddit has been keen to roll this feature out further, but has been stymied by the high levels of congestion on the Ethereum blockchain. Until now.
Reddit to Roll Out Crypto Tokens to More Communities
Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the " Doge " meme as its logo and namesake. With the help of Reddit , the site became an instant hit. Dogecoin takes only 1 minute to confirm, while BTC takes 10 minutes. They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to distance it from the controversial history of other coins. Palmer is credited with making the idea a reality. At the time, he was a member of the Adobe Systems marketing department in Sydney.
Reddit Crypto Traders Try Their Luck Before Big Players Invade
Other cryptocurrencies have come along for the ride, and one of the odder beneficiaries has been Dogecoin—heavily promoted on Twitter in the past couple of weeks by Tesla CEO Elon Musk. Dogecoin started in December , at the peak of the first big bitcoin bubble. The idea was to have fun and be silly with a cryptocurrency that was cheap enough to mess around with—each coin was worth a fraction of a cent.
Coinbase now lets you buy cryptocurrency with your PayPal account
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Coinbase has added the option for users to buy cryptocurrency using their PayPal accounts in the US, the company has announced. The feature will expand to other countries in the coming months.
How high can meme coin prices go?
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During the last five trading days, volume in put options has lagged volume in call options by This is among the lowest levels of put buying seen during the last two years, indicating extreme greed on the part of investors. This is a neutral reading and indicates that market risks appear low. Investors in low quality junk bonds are accepting 1.
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