Karma Needed To Earn A Dollar (August 2021)

Ever wonder how much karma was needed to earn $1 since r/CryptoCurrency moons have begun trading? Well wonder no more. To find out, I took the monthly moon to karma (M/K) ratio and multiplied it by the trading price on that date.

https://preview.redd.it/ssoy3txjphf71.png?width=275&format=png&auto=webp&s=57e4fe18ee179eb0808a7db793ec18ba49e3f375

So there we have it, to earn $1 you need to receive 10.58 karma. This is the lowest amount of karma required to earn a dollar since November 2020! At the time of writing moon price stood at $0.354, after hitting an ATH of $0.417 early in the week. There is still quite a way to go to surpass the October all time low, as Moon price would need to increase to $1.92 (not entirely impossible at this rate…). It will also be interesting to what impact the current spike in activity (comments/posts) will have on the m/k ratio.