Reddit’s community altcoin, one of the world’s largest social media platforms, reached an all-time high due to the impact of news flow.
Moons (MOON), the local token of Reddit’s r/CryptoCurrency community with more than 6.5 million users, climbed to an all-time high with just a few days left before its integration with the Celer network.
Last month, Celer, the interoperability protocol, announced its decision to support MOON. According to the details shared, MOON holders will be able to move their assets to Arbitrum Nova and Arbitrum One networks and gain greater liquidity.
Since the announcement, the momentum of the rise in MOON has been triggered, especially accelerating in the days leading up to the launch.
According to CoinGecko data, MOON has shown a 130% rise in the last week, reaching an all-time high of $0.673 on March 17.
