Cryptocurrency is the most popular topic on Reddit this year

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2021-12-26 09:49:14

2021 is definitely the year of cryptocurrencies, especially when considering discussion topics from popular forums like Reddit.

The platform considers cryptocurrencies to be the most popular topic among users this year, with a record 6.6 million mentions throughout the year.

Discuss Cryptocurrency on Reddit

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Cryptocurrency are even more mentioned as “gaming” and “sports”. At the time of writing, Reddit has about 430 million active users and around 100,000 separate discussion communities. The platform explained in a statement:

In 2021, there is a lot of conversation on Reddit, but crypto is the most prominent. For over ten years, Reddit has been home to over 500 crypto communities. As more and more Reddit users join discussions to provide information, help, or share great successes, Reddit continues to be the hub for crypto enthusiasts.

Many things have happened this year that contribute to the growing popularity of the crypto space.

One of them is Bitcoin’s sudden price surge, with BTC rising to a new all-time high of around $68,000.

In addition, the fact that the Securities and Exchange Commission (SEC) has permission to establish a bitcoin-based exchange-traded fund (ETF) that also popularizes BTC to more people.

Reddit has discovered that the most mentioned cryptocurrency on their platform is Dogecoin.

This may be due to the massive growth that DOGE has experienced this year, Dogecoin there are even passing times XRP to become the fourth largest cryptocurrency by market capitalization.

Dogecoin is currently about 0.16$, this coin has received strong support from Elon Musk, the South African entrepreneur behind billion-dollar companies like SpaceX and Tesla.

Since the beginning of the year, the overall cryptocurrency space has grown tremendously. At the time of writing, the market has a capitalization of around $2.3 trillion.

This number is huge, early last year capitalization was only at $800 million. Aside from bitcoin and Dogecoin, Ethereum is another asset that has performed very well in 2021, hitting a new all-time high in November of around $4,700.

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