Cryptocurrency exchange Kraken made a powerful announcement on August 7th, revealing the listing of two prominent Reddit cryptocurrency tokens — MOONS and BRICKS. As Kraken continues to pave the way for innovation and accessibility in the crypto market, this latest development opens up new opportunities for users to trade these tokens with ease and convenience.
Kraken has ensured that users can seamlessly trade MOONS and BRICKS on Kraken and Kraken Pro. This includes spot and futures markets, as well as trading through USD and EUR pairs. Furthermore, Kraken plans to enable trading on the Kraken App and Instant Buy feature, providing traders with a variety of avenues to engage with these tokens. The company is also committed to enhancing liquidity on the platform as more traders enter the market – a move that will undoubtedly fuel further growth and adoption of MOONS and BRICKS.
The Deposit Begins
Excitingly, users can now initiate deposits of both MOONS and BRICKS without delay. Investors can take advantage of this opportunity immediately, positioning themselves at the forefront of this burgeoning cryptocurrency trend. While it remains unclear whether trading has officially commenced, Kraken’s promptness in accepting deposits demonstrates their commitment to staying ahead in the market.
The Community Connection
MOONS and BRICKS are symbolic of Reddit’s visionary “Community Points” project, which rewards users with cryptocurrency for creating exceptional posts. Each token is intricately linked to a distinct subreddit or community, adding an element of exclusivity and recognition to the initiative. In particular, MOONS are tied to the popular /r/CryptoCurrency community, while BRICKS are associated with the gaming sensation /r/FortniteBR. This community-centric approach reinforces the power of collaboration in shaping the digital landscape.
Early Indications
Kraken subtly hinted at its plans to list these tokens back in mid-July, when a company representative acknowledged the possibility on Reddit. Sure enough, Crypto.com, a rival exchange, expedited the listing of MOONS shortly after. The introduction of these tokens on both platforms has had a profound effect on their value. Over the past 30 days, BRICKS have experienced a staggering surge of 439.5%, while MOONS have skyrocketed by an impressive 279.7%. This is in contrast to the 3.6% decline experienced by Bitcoin during the same period.
The commencement of trading on Kraken has been immediately met with a surge in prices for both tokens. Following the announcement, MOONS soared by an extraordinary 53% in just one hour, while BRICKS experienced an astounding 133% spike in an hour and a half. Although some of these gains have since been lost, prices continue to remain significantly higher. As of August 7th, 8:03 p.m. UTC, MOONS were still up by an impressive 35% over the previous 24 hours, with BRICKS experiencing a remarkable 49% increase during the same period. Consequently, even as the entire crypto market declined by 0.4%, these tokens continued to exhibit a remarkable resilience.
Kraken’s decision to list MOONS and BRICKS marks an exciting chapter in the ever-evolving world of cryptocurrencies. The platform’s commitment to innovation and accessibility has opened up new avenues of engagement for traders, while the tokens’ association with prominent Reddit communities has fostered a sense of exclusivity and camaraderie. As the market continues to embrace these tokens, it is evident that MOONS and BRICKS are poised to make a lasting impact on the crypto landscape.
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