Since Reddit’s APIcalypse the content of that site has gone to the drain. It is very clear that power users are no longer posting quality content. I am much more amused by Lemmy than Reddit nowadays, though it’s true that it has that new car smell and the communities will keep growing and reforming from the Reddit ashes.
I don’t think Reddit will disappear, but it’s not the same site it was two months ago, that’s a fact.