List: Number of subreddit subscribers for popular Crypto Currencies
Last week I posted a list containing ranking of the subreddit members. I'm creating this list to provide a data point that may help traders.
Here's the ranking for today:
Did I miss any popular subreddit for a coin? Let me know! I'll update the ranking in a few days again.
what do you think about this late bitcoin price reduction. and how the bitcoin price prediction in 2018, whether it is down or vice versa.
I think it will go back to $20000 soon. But, people are starting to realize that other coins like ethereum,ripple are better. And a lot of new markets are opening where you don't need to buy bitcoin to trade altcoins. Instead you buy ethereum and buy something else for that.
For this reason, I see bitcoins rise slowing down in the long run. And I think Ethereum is extremely undervalued relative to Bitcoin now.
if reddit subs are an indicator of value, that'd make dogecoin a steal at $0.008 a coin
It would seem that way. I don't have any data to back this up, but I would guess that dogecoin subscribers tend to be younger and might have less capital on hand to work with in general. My 9 year old son talks about dogecoin, but he isn't your average kid haha. I love the coin though, and the community is super friendly and creative. Just one mans humble opinion.
Wow that's funny. A 9 year old talking about crypto and out of them DOGE. This is why I think DOGE will be $1 in 10 years
I hope you are right my friend!
I think it's only one of the indicators of value. I really believe having a good community is good for a coin in long term. If you look at the subreddit, they have huge giveaways for making promotional videos. Stuff like this is like a marketing tool. And the best thing is that it'll come from within the community.
I agree, a healthy reddit is a good sign. If dogecoin were on binance I would pick some up.
Interesting stuff. I have thought about that before but never thought to compile the numbers. Dogecoin has a huge community! It's also worth noting that the bitcoin markets sub has a substantial number of subscribers.
I found the data you compiled to be thought provoking and plan to share a link with tomorrow mornings headlines at https://honeybadgerdaily.com/ I hope that you don't mind, Cheers!
Yes! Dogecoin surprised me with their following. I did know that it started as a joke on reddit few years back and they did stuff like sponsoring a race car etc. But even as a fun meme posting community , I see those subscribers as a huge asset.
Another thing is that you can buy 100,000 DOGE with about $1000 . In the top 50 coin list it's like the second cheapest in terms of price per coin. So I see the community could push the coin higher.
I don't mind you sharing the stuff. But I would appreciate if you could link my twitter handle. twitter.com/etherinsight
I plan to a lot more analysis and post both here and on twitter.
The link to the article will be up for 1-2 days as it cycles through the site. I can post a permanent link on the site to your twitter handle in the twitter section if you would like? In return would you kindly tweet a link out to the site, I would be so grateful.
I will follow you here and on twitter and look forward more interesting stuff from you. Nice to meet you!
Once you have a link, I'll link it to my twitter. Hopefully we can cross share in the future too.
Got your twitter handle linked in the twitter section and your article will be in tomorrows headlines. Likewise on sharing in the future!