Cryptocurrency Ruled Reddit In 2021 Fueled By GameStop Mania

Cryptocurrency Ruled Reddit In 2021 Fueled By GameStop Mania

Share to Linkedin Cryptocurrency dominated Reddit in 2021, becoming the most-popular topic in its discussion forums in a year when its users helped drive shares in GameStop and other meme stocks to new heights. In this photo illustration, a Reddit logo seen displayed on a smartphone with stock market prices in ... [+]n the background. According to Reddit's 2021 Recap, users made 366 million posts on the platform, a 19% increase compared to last year. Cryptocurrency was the most-popular topic, beating out gaming, sports and weddings: So far this year, there have been 6. 6 million mentions of "crypto." The most popular crypto communities: r/dogecoin, r/superstonk, r/cryptocurrency, r/amcstock and r/bitcoin. The three most popular posts on the platform were in r/wallstreetbets, the community that was largely responsible for driving GameStop stock to new heights: The number one post showed a billboard in Times Square that had been purchased by a community member and received 431, 000 upvotes. In January, users on r/wallstreetbets plotted to boost GameStop's stock price, hurting short-sellers who were targeting the struggling retailer. The campaign, which became known as Gamestonk, was a meme with real-world effects: The stock was priced at $16. 94 one year ago; as