The thing about crypto is, unfortunately, no one actually uses it. The number of active crypto users id say should be measured in thousands.
While Hive/steem numbers are negligible in the grand scheme of things they are quite significant in the crypto sphere.

Reddit entering crypto could be massive for cryptocurrencies with them bringing in more eyes to crypto then ever before. Or they could just make it a side thing that creates more problems then benefits for them and their users.

My fear is if indeed REDDIT coin enters crypto and is placed on CMC, and is traded on Binance etc. and it just ends up being a "side thing", doesnt bring the eyes on crypto, that it could steal the attention Hive, uptrend, minds, steem etc. has among crypto social media users.

Take BTT as an example with Bittorent that has hundreds of millions of users. It meant nothing in the long run for the price of the token. Its boosted by Justins efforts.
(Though, expecting a bunch of freeloaders to invest in your token was a bit reaching, lol)