April 19, 2024
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To the moon! Cryptocurrency was the most popular Reddit topic this year – MarketWatch

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While Reddit hosts more than 430 million monthly active users in over 100,000 communities who discuss everything under the sun, there was one financial subject that cut through the online chatter this year:  Cryptocurrency. 

The massive social network dropped its Reddit Recap 2021 this week, which rounds up the most popular posts, topics and conversations on its platform over the past year. And cryptocurrency was hands down the most popular topic on Reddit in 2021, with people mentioning “crypto” 6.6 million times. There are also more than 500 cryptocurrency communities on Reddit, and the five most popular ones this year were r/dogecoin, r/superstonk, r/cryptocurrency, r/amcstock, and r/bitcoin.

The Most Viewed Topics of 2021 on Reddit
  1. Cryptocurrency

  2. Gaming

  3. Sports

  4. Weddings

  5. Health and Fitness

  6. Food and Drink

  7. Movies and Television

Cryptocurrencies including Dogecoin
DOGEUSD,
-4.90%,
Ethereum
ETHUSD,
-6.64%
and Shiba Inu also topped Google’s 2021 Year in Search, which the Alphabet-owned
GOOGL,
-0.37%
search engine released this week. “Dogecoin” and “Ethereum price” landed in the top 10 most-Googled news stories of the past year, both in the U.S. and across the globe. And the top two “Where to buy” Google searches were “Where to buy Dogecoin?” and “Where to buy Shiba coin?”

Read more: Google’s 2021 Year in Search: AMC and GME stocks, Dogecoin, stimulus checks and shortages dominated queries

Whats’s more, a recent Rover.com survey found that pet owners are actually naming their dogs “Doge” and their cats “Bitcoin.”

And a group of crypto investors named ConstitutionDAO tried making history last month by crowdfunding more than $40 million to bid on a rare copy of the U.S. Constitution. Alas, it lost out to Citadel founder Ken Griffin, who spent $43.2 million on the historic document. 

Reddit notes that the rise of these retail and crypto investors looking to game the system has had real-world impact, such as the GameStop
GME,
-10.37%
short squeeze in January. Maybe. The year-end Reddit report credits redditors with being “catalysts for real-world change” over the past year.

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“From r/wallstreetbets and the crash of the One Simple Wish website, …….

Source: https://www.marketwatch.com/story/to-the-moon-cryptocurrency-was-the-most-popular-reddit-topic-this-year-11639071192