Slumdog millionaire bullish on Reddit meme token, as the Reddit company heading toward IPO offerings.
Reddit is the top social media platform in the US which is also known for its crypto & blockchain-related works. In 2020, Reddit started to adopt blockchain technology to integrate its services to the next level for the platform users but later introduced some restrictions on crypto adoption & integration. In Feb of this year, this company reportedly purchased a decent amount of Bitcoin, Ethereum, and Matic.
As we know currently Reddit Inc is gearing up for a massive initial public offering (IPO), and the excitement is palpable. This company aimed to issue $34 per share.
A popular crypto influencer Glauber Contessoto (Slumdoge millionaire), known for his wise investment in Dogecoin in 2021, jumped in support of a meme crypto token Reddit (RDDT).
Glauber said that he wishes that the meme Reddit token surpasses the trade price of upcoming Reddit stock. If it happens then it will be a major win for crypto enthusiasts.
Anthony Pompliano, a popular crypto influencer, also shared his opinion but opposite to Glauber. He said that if the meme crypto token of Reddit will surpass Reddit stock then it will lead to another trend for the crypto enthusiasts & they will create new meme tokens against every new IPO in the market.
At the time of writing this article, currently two Reddit meme tokens are in existence and both of these two tokens are available on the Ethereum network.
Here all the readers need to know that no one Reddit crypto token backed by a Reddit company directly or indirectly and also performance of any of the tokens will not depend on the performance of the Reddit company. So don’t invest in these token blindly without any research.
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