Crypto Was No.1 Topic On Reddit This Year: Report

Crypto was no.1 topic on Reddit this year and dogecoin was the top crypto subreddit as we are reading more in our latest crypto news today.

As 2021 came to a close, Reddit shared that cryptocurrency was the most seen topic this year and beat out gaming, sports, and weddings. The word “crypto” was used over 6.6 million times across the site. The biggest surprise is that Redditors were most interested in DOGE than BTC. As 2021 comes to an end, Reddit shared that Crypto was no.1 topic and the five most-viewed crypto subreddits were dogecoin, superstonk, cryptocurrency, bitcoin, and AMC stocks. The move-upvoted crypto posts on Reddit were about Tesla, DOGE, and bitcoin but also crypto’s survivorship bias.

Out of the 500 different crypto-related subreddits, supertonk saw the most growth this year and increased its membership by 917% to 713,000 users since 2020. With the subreddit often discussing the traditional stock market it became a place for members to discuss topics such as GameStop’s upcoming NFT marketplace, anti-crypto Citadel CEO Ken Griffin, and China banning crypto. The financial subreddit wallstreetbets also reversed course on the anti-crypto stance allowing the 11.4 million members to discuss BTC, ETH, and DOGE earlier this year. WSB hosted an impressive rooftop soiree in Miami Beach during Art Basel that was dubbed to the Moon NFT party as the main example of the subreddit’s ideological shift in 2021.

Redditor’s interest in crypto is longstanding but this year was a year for the record. Reddit hosted crypto-related subreddits for more than 10 years but last year’s year in the review focused on the pandemic, unemployment so crypto received not a single mention. As crypto and NFT are going mainstream, crypto enthusiasts and newcomers alike took to the platform to educate themselves and get into the conversation.

As recently reported, In an official announcement, the company noted that it has submitted a form S-1 with the United States Securities and Exchange Commission. Reddit as a crypto-loving social media platform didn’t disclose further information about the proceedings but noted that it started the paperwork with the SEC for its IPO next year. The number of daily active users increased above 50 million as the monthly user base stands at 430 million. The social media platform integrated crypto in form of community points and the tokens are dubbed BRICK and MOON which are also built on the Ethereum blockchain and allow users to earn rewards from commenting and posting on the network.