As you can see, we are in a downtrend for few weeks now, most likely accumulation phase. We are starting to breakout out of this downtrend, remember that there’s low liquidity and the price can literally skyrocket.
Current Market Cap is about 3 Million $ which is super undervalued for 3.1 Million members community(And growing!), each member that join Reddit CryptoCurrency will get exposure to Moons. It’s matter of time before we sit at 600 Million - 2 Billion $ Market Cap which is 10-40$ for 1 Moon !!
Accumulate before Mainnet, only the smart investors will see this test net and lack of updates as an opportunity, if everyone knew that at X date the Mainnet will launch, all of the users will accumulate. Mainnet will come by surprise.
Kraken and Bittrex showed interest in listing Moons, Reddit built an Ethereum wallet in their App so users can store Moons. No one is talking about Moons It’s not enough for you to see what’s going on?
Thanks for posting! I shittposted myself to a great bag of moons, but I haven't seen any news regarding development for quite some time. Did I perhaps miss an update? Looking at price, I don't think I did. Any addidtional info is welcome.
WhaleSwimmer
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@FreeWithXRP Last update was Reddit x Ethereum partnership to develop layer 2 for Moons. It was few months ago.
I don’t think Reddit will announce anything, they will just drop the Mainnet (Which is good and explains why Market cap is so low at 4-5 Million $ !!)
Farming Moons is becoming super hard which is awesome for price (8-6 Moons per Karma for first 2 months compared to 0.2-0.3 last 2 months).
I you are looking to accumulate with the smart money, you can buy on MoonsSwap.com
Osemka8
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@WhaleSwimmer, yeah, I was thinking the same as well. Mainnet will come without any announcements. If the date was announced, people would just be stacking and dumping at launch.
I've actually bought a portion too. Will probably rotate some profits to moons later, if mainnet was to be announced til then.
WhaleSwimmer
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@FreeWithXRP 0.09$ now, I guess we will see 0.3-0.5$ this run
@FreeWithXRP Market Makers removed 50% of the liquidity on Honeyswap, possible AMA with Reddit Devs in the upcoming weeks (Not confirmed), easier ways to buy - MoonsSwap.com that pump from 0.05$ to 0.1$ is mainley buys on MoonsSwap .
Osemka8
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@WhaleSwimmer, Oh, nice! Great news. I'm holding on my moons firmly! Thank you for keeping me informed. You can find me on r/osemka8 if you want to discuss things further.