Traffic cryptocurrency section on Reddit has increased for the first time since the beginning of the year
service Alexa Rankings, Internet portal Reddit is ranked 14th in the world and fifth in the U.S. in the ranking of most visited sites. The site is a platform where you can chat on any topic, including on the topic of cryptocurrencies.
For communication on cryptocurrency themes on the website there is a special subsection r/Bitcoin, which in turn was 112th in the number of subscribers (in November 2017 on this forum had more than 400 000 subscribers, and now its reading has over 900 000 users) and is the most popular forum on the site, which discusses issues related to bitcoin and cryptocurrencies.
Last year, together with the fall in the value of bitcoin has fallen so has the activity on the forum. But on Wednesday, one of the moderators cryptocurrency forum under the name BashCo wrote in his Twitter account about change of tendencies and wondered if this was a symptom of the formation of the bull market:
“Since mid-December 2017 the attendance of r/Bitcoin was falling every month. Up to this point. Could this be a signal that begins to form the bull market?”
According to BashCo, traffic growth can be a positive signal for cryptocurrency market, as people are once again starting to get interested in bitcoin and cryptocurrencies.
Reddit co-founder Alexis Ohanian is confident that in spite of the dynamics of this year, the practical significance of crypto-currencies continues to grow: “the Popularity of bitcoin as a means of accumulation continues to grow, especially in countries such as Turkey is experiencing an economic crisis. But while it is still in the very early stages of development”.