WallStreetBets Reddit Group Opens Up For 3 Cryptos

The forum’s moderators had banned discussion on crypto markets as they thought it would derail the forum’s primary purpose. Notably, the decision to allow crypto chatter again shows the digital currency is here to stay. While making the announcement, the moderators explained:

“After much deliberation, we’ve decided to allow for discussion only about BTC, ETH, and DOGE. inside of a daily Crypto discussion thread as to not burden everyone with crypto spam.”

The decision to open the doors for cryptocurrencies was short-lived after the moderators reinstated the ban citing the negative publicity of a Bloomberg article titled, ‘WallStreetBets Bows to Crypto.’ The moderators further explained that the negatives of having crypto discussions outweigh the positives. They added:

“Crypto discussion is banned indefinitely. I’ve read a lot of dumb articles written about WSB. This one takes the cake.”

The new stance follows the latest decision by Coinbase to go public. Coinbase, one of the largest crypto exchanges, was listed on the Nasdaq stock exchange and has Bitcoin and Ethereum listed on its platform, however is yet to list Dogecoin.

From the three assets, Dogecoin has been stealing the show due to its similarities to GameStop as an anti-establishment underdog asset. The digital asset, popularly associated with a meme and devised as a joke, gained traction when the community members declared that they would pump it to the moon.

The WSB platform has been in play for over nine years. It recently hit mainstream attention after pumping GameStop’s stock prices by about 2000%.

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