For the uninformed lurkers in this sub, Moons are an ERC-20 token on Arbitrum Nova that was introduced in May 2020 as part of the Community Points initiative by Reddit moderators. They are a way for members to be rewarded for their contributions in r/CryptoCurrency with a subreddit unit of ownership. Moons are unrelated to Reddit, and once earned, neither admins nor subreddit moderators may take them away from users. A set of smart contracts handles balances, transfers, distribution/claiming, and acquiring Special Memberships. (Source)
The Question: Will Moons ever moon again and how many moons (months, pun intended) will it take?
- According to Coingecko, the last ATH of Moons was on September 06, 2021 (over a year ago) with a dollar equivalent of $1.56 but according to Coinmarketcap. the previous ATH was supposed to be $0.435 on a different date which was Aug 04, 2021. According to some past sources here, coingecko's data on Moons ATH was somewhat skewed and attributed it as a "glitch in the matrix" so for accuracy purposes let's assume coinmarketcap's ATH as the basis for this question.
Assuming that Bitcoin's next halving will be around the same time another bull run will emerge, how likely do you think Moons will peak again? Will it go beyond the previous ATH? With this given scenario the next bull run would likely happen in around 480 days (based on the next halving), that should be enough time for most r/cc shrimps and fishes to accumulate. There are externals factors though that might affect/prevent this from happening such as the more mainstream introduction of crypto, the current issues facing crypto-related platforms, and the never-ending queries and probing of government institutions regarding crypto.
What are you thoughts? Do you think Moons will ever conquer it's previous peak?
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