Topic: Ethereum prices can tremendously shoot upwards thanks to Reddit. (Read 310 times)
I don't know about letting an average joe on Reddit hold ETH would be a good idea. True they are the front page of the internet but that only talks about quantity when to me, personally I always consider quality first and foremost in the crypto space.
I think Ethereum 2.0 and change of its algorithm to POS is bigger thing than reddit coming up with an ethereum based token, there are thousands of eth based tokens already available, so i am fundamentally bullish about eth and not due to a specific project.
Both are big news, reddit has a lot of users too and this will help the adoption for ethereum coin. AFAIK if that will also push the price of ethereum too. This is a big news for all caused by crypto has already started to be implemented in our real life.
Reddit is a good platform, but I don't saw how its adoption will spike ethereum price why I say this is that the are platforms that also have that kind arrangement already with their own coin but it never spike the coin.
it’s actually difficult to imagine how much the price of ethereum will increase in the cryptocurrency market thanks to this news, but nevertheless, expanding the number of ETH users will play a very good role in developing and spreading the possibilities of using ethereum by a large number of people. One way or another, for ethereum and for the owners of ETH coin, this is very good news, After all, any popular coin on erc20 , and especially the coin of the Rabbit resource popular all over the world, popularizes the platform and the Ethereum.
I’m posting here to let you’ll that Reddit has finally come out with it’s crypto tokens that I was talking about in the op, and even though it’s in beta testing I would yet suggest you’ll to immediately join these two sub Reddit’s i.e. cryptocurrency, and fortnitebr because only these two sub Reddit’s users will be receiving the token for now. Also It’s pertinent to note that you’ll need to create a account on Vault to use these tokens and Reddit has prepared a guide for it, which you’ll can find in the article link posted below.
The two tokens, one named $MOONS and other $BRICKS, will be issued to members of the subreddits /r/Cryptocurrency and /r/FortniteBR, respectively, as part of Reddit's new initiative called "Community Points."
“We continuously run experiments to explore features that engage our users and communities. With Community Points, we’re working exclusively with two communities to test this feature and gather feedback from our users,” a Reddit spokesperson told The Block.
Subreddit links:
https://www.reddit.com/r/CryptoCurrency/
https://www.reddit.com/r/FortNiteBR
Source:
https://www.theblockcrypto.com/linked/65178/reddit-launches-ethereum-based-tokens-for-cryptocurrency-and-fortnite-subreddits
Quote
The two tokens, one named $MOONS and other $BRICKS, will be issued to members of the subreddits /r/Cryptocurrency and /r/FortniteBR, respectively, as part of Reddit's new initiative called "Community Points."
“We continuously run experiments to explore features that engage our users and communities. With Community Points, we’re working exclusively with two communities to test this feature and gather feedback from our users,” a Reddit spokesperson told The Block.
Subreddit links:
https://www.reddit.com/r/CryptoCurrency/
https://www.reddit.com/r/FortNiteBR
Source:
https://www.theblockcrypto.com/linked/65178/reddit-launches-ethereum-based-tokens-for-cryptocurrency-and-fortnite-subreddits
April 15, 2020, 03:31:26 PM
I think this is a very good move for reddit platform, because in a crypto space, there are high competitions amongst other social media page, and i have to say that reddit is getting left behind.
Etherum rightly increased in price due to the news, because i assume Reddit got a handful of it to kickstart their eth reward on the platform. But instead of thanking Reddit for etherum, i think reddit should thank etherum, because now we will begin to see influx of users and investors on the reddit platform unlike before.
Etherum rightly increased in price due to the news, because i assume Reddit got a handful of it to kickstart their eth reward on the platform. But instead of thanking Reddit for etherum, i think reddit should thank etherum, because now we will begin to see influx of users and investors on the reddit platform unlike before.
April 15, 2020, 03:16:07 PM
Is there a topic on reddit where this news are discussed? Or maybe a proper subreddit? Interesting to read what "locals" think about this. Are they excited or think this will be useless, spoil reddit. Because projects often lose popularity and its unique "thing" when money gets involved.
April 15, 2020, 12:43:08 PM
ETH is always the leading altcoin in this market, and we will always get a profit by investing in it in the long term. Also I hope this news will help ETH to go up in the near future, the current price of ETH is still very cheap and we should buy and hold.
Ethereum is one of best altcoin in crypto world we have no doubt and this news even right now just speculation but going to help good rise in price so we can say if someone want to invest in long run then surely its good time for him to do this and have good profit as bitcoin halving is also on so these all things can give very good impact on its price. 
April 15, 2020, 12:41:29 PM
Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.
I frankly don't think ETH price will jump because of that. For crying out loud, the ETH chain is a smart contract and one would expect that such an opportunity of its use would drive price higher than it is. Yet, it's still where it is and far below many other coins. On the flip side, we get fancy and positive news on Ripple of how many financial institutions are adopting it but has that impacted the price of XRP? Nope, of course. 
April 15, 2020, 12:37:29 PM
What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum?
Not sure if it's the perfect time, but I'll say this: ETH is probably one of the safest altcoins investments in the cryptosphere, especially for the long-term.About this news, adoption is always good, especially in the altcoin ecosystem, but if we want to talk about an event that's actually bullish and could potentially become the trigger for some massive upward movement in the long run, it has to be the launch of Ethereum 2.0. I'm not trying to downplay this reddit thing, but as of now, there's nothing set in stone, just speculation.
April 15, 2020, 11:55:07 AM
Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.
What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.
Sources:
https://www.digitaltrends.com/web/what-is-reddit/
https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system
That's really a good new to all ethereum holder.ETH will remain valuable altcoin in crypto industry no matter what. It is good to hold eth for a long term to gain high profit . Eth is very useful and i always use it in every transaction i made online. What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.
Sources:
https://www.digitaltrends.com/web/what-is-reddit/
https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system
April 15, 2020, 11:24:38 AM
Even without reddit announcement eth is already one of ghe major altcoins that proven its usefulness. How many platform out there are using their network? Obviously if we count all still they have the largest group of projects up to date. Which smart contract platform start it all and imitated by other network such as tron and eos? They both came from eth network before having their own, so we can still rely on eth capability to grow. I think reddit adoption of eth's platform is just another small talks, which we should rather focus on a bigger picture such as defi that totally makes eth grow.
April 15, 2020, 11:04:41 AM
Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.
What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.
Sources:
https://www.digitaltrends.com/web/what-is-reddit/
https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system
What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.
Sources:
https://www.digitaltrends.com/web/what-is-reddit/
https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system
I support that, reddit is huge this could be one of the time that they can help the cause of one project and they are helping a project that deserves a big boost because Ethereum has proven it's worth in the industry, since day one, it changes the landscape of the industry, and they are the second most popular coin in the business.
April 15, 2020, 10:11:08 AM
ETH is always the leading altcoin in this market, and we will always get a profit by investing in it in the long term. Also I hope this news will help ETH to go up in the near future, the current price of ETH is still very cheap and we should buy and hold.
April 15, 2020, 10:03:44 AM
So that is good news for the ethereum coin because the probability to rise it is very high. Thank to reddit if they do that.
For the investors now better to buy more ethereum because there is a lot of good news will come to thid coin that can push to this to up the value and this is the perfect time to have ethereum .
For the investors now better to buy more ethereum because there is a lot of good news will come to thid coin that can push to this to up the value and this is the perfect time to have ethereum .
April 15, 2020, 09:50:55 AM
Most likely here according to the notoriety of Reddit stage I'm certain to such an extent that ethereum will turn out to be very much perceived than previously, things may seem sluggish now because of the pandemic but once this Pandemic is over crypto space will flourish
April 15, 2020, 08:50:08 AM
Honestly not all countries can use reddit as legitimate platform. This is happened in my country that still ban this platform, I don't know the reason of government who do that since reddit is good platform that I know beside medium.
Also, this news will be a good movement for reddit either for ethereum. Since the user of reddit is already much ans they can use this coin for any purpose. It will make the ethereum price will soar again, moreover with halving event that will happen to bitcoin it will be the other reason to make the ethereum price going up.
Also, this news will be a good movement for reddit either for ethereum. Since the user of reddit is already much ans they can use this coin for any purpose. It will make the ethereum price will soar again, moreover with halving event that will happen to bitcoin it will be the other reason to make the ethereum price going up.
April 15, 2020, 07:16:47 AM
Really interesting news and being a mature network especially related to crypto and blockchain i am sure reddit will have a great positive impact on the price of Eth as it will help in boosting the fundamentals and also create a demand for eth where the reddit community will be able to buy reddit points or coins for eth so they can use different services offered by reddit paltform.
Reddit over the past few years has had a huge impact on ETH and I think this is normal because so many large communities appear here. I think 20% of people who are computer savvy will tend to visit this site because this is the best way for them to know what is happening in the world. Of course, most of the coins available in this market use Reddit to attract investors. 
April 15, 2020, 05:59:43 AM
Well, another question you should be asking yourself is - what is the purpose for those that will be adopting the Ethereum coin? What if they all install wallets that would let them receive Ethereum just so that they can receive and sell it immediately to fiat and nothing more? When they are receiving and selling, then that's not going to be making any impact.
The only time that it's going to help is when the community brings more investors to Ethereum and lots of people from Reddit starts investing their money in Ethereum and storing it, and not just receiving and selling them immediately to fiat. Anyway, I can't tell what would happen then from now. We can only just wait till then and see for ourselves.
The only time that it's going to help is when the community brings more investors to Ethereum and lots of people from Reddit starts investing their money in Ethereum and storing it, and not just receiving and selling them immediately to fiat. Anyway, I can't tell what would happen then from now. We can only just wait till then and see for ourselves.
April 14, 2020, 02:14:58 PM
I think Ethereum 2.0 and change of its algorithm to POS is bigger thing than reddit coming up with an ethereum based token, there are thousands of eth based tokens already available, so i am fundamentally bullish about eth and not due to a specific project.
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