0
0
Many of this subreddit's users (me included) believe that MOON as a CryptoCurrency (ERC-20 token on Arbitrum Nova blockchain) has a lot of potential for growth in its Market Cap (MC = price * number of coins).
I will address this potential from the aspect / narrative of MOONs being something unknown or nearly unknown to the general cryptoverse masses and thus when more of them get to see it, hear about it, more will want to either invest in it, use it, try it or learn about it.
Possible short questions of narrative: r/CryptoCurrency Moons are quite unknown to the general cryptoverse joe.
Moon can be traded in three "decentralised" exchanges (DEXes).
Still Moons can't be traded in other Dexes, multichain dexes or aggregators. Two examples: "1inch", "OpenOcean". Of course it is also up to these dexes to add support for Arbitrum Nova but Moons are still not available everywhere.
Moon can be traded in two centralised exchanges (CEXes)
Two ok exchanges with miriads of tokens and coins. Still the big hitters haven't listed MOON. There are rumours about Kraken enlisting it some time "soonish", but not a fact yet. Every listing of a coin in a single cex from the bigger ones, had some effect on price (for better or worse) during 2021 and 2022. Examples of some CEXes: Binance, coinbase, Bybit, Bitfinex, Cucoin, etc.
MOON is now tracked on both main Market Watcher websites:
But still, this is were MOON is still cherry-picked and thus quite absent from most pther similar sites. Point #3 is the one that magnifies this narrative. Websites and applications that "watch" the market, like cryptobubbles(dot)net or blockchain(dot)com haven't Moon in their search results. These two are just an example. Another android only app I am using, hasn't moons available. And probably there could be another 10 examples here.
Moons are also highly invisible to CHATGPT conversations in general and when talking about crypto / investments, unless you point any of these powerful chat bots towards Moons anyway. "Our MOONs are AI resistant.." (/s to soften a bit this narrative)
This is both an effect of not being listed everywhere (and generally of not having high traction, not enough interest in Moons as other coins) but also reinforces Moons' secluding state.
By CoinMarketCap, MOON stands in the ~3000 rank. So no tier achieved yet in this marketwatch site.
By Coingecko, Moons just days ago standed at ~650, and since 3 dyas ago and at time of writing and posting this post, MOON was at ~557-590. So in this market watch site, we have reached tier #5B and closely eyeing #5C. Every time it even briefly reaches a tier from the short list above, more people will learn about it. Imagine all positive and negative aspects of MOON entering #5C top 100 coins.
Twitter cryptoverse are also still mainly ignorant. Just search for Moon posts there and see how little comments and likes there are. Imagine if weird cryptoTwitter "Experts" start shilling $MOON. Or even Elon picks up the meme or value... Thankfully, still not yet...
Instagram, TikTok and quite Youtube too. Not many posts yet. Yet...
tldr; MOON isn't listed everywhere, it is somewhat still secluded, a nich small alt cap, thus it will/might be learnt by more people as time passes and thus its MC will grow significantly.
Disclaimer: I believe that MOON and r/CryptoCurrency have to keep growing in inner values so as that MOON price doesn't just rise sharply and just reflects a ghost shell, dead on the inside or way smaller than what coin and subrredit deserve.
Towards this direction, I personally believe that two years of value growth is currently reflected as a sum. Things that contributed towards this: organization with CCIP numbering, polls, steep moderation rules and ability of moderators, good use of flairs, 3rd external sites (like ccmoons, moonplace(dot)io), parallel (chains) subreddits (Meta, Moons, memes), defi liquidity pool, etc.
(Check this recent SERIOUS post https://www.reddit.com/r/CryptoCurrency/comments/115ckx9/serious_moons_baseline_value_is_driven_by_the_sub/ for more discussion around the value of the subreddit, etc)
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
