ReddCoin Achieves Self Reported Market Cap of $1.83 Million (RDD)

ReddCoin (RDD) traded up 32.2% against the US dollar during the one day period ending at 13:00 PM Eastern on January 28th. One ReddCoin coin can now be bought for about $0.0001 or 0.00000000 BTC on cryptocurrency exchanges. ReddCoin has a market capitalization of $1.83 million and approximately $1.05 thousand worth of ReddCoin was traded on exchanges in the last 24 hours. During the last seven days, ReddCoin has traded up 40.2% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.13 or 0.00000139 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $9.16 or 0.00010155 BTC.
• Litecoin (LTC) traded up 0.6% against the dollar and now trades at $69.57 or 0.00077170 BTC.
• Uniswap (UNI) traded up 4.3% against the dollar and now trades at $4.84 or 0.00005366 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded 38% higher against the dollar and now trades at $0.0340 or 0.00000038 BTC.
• WhiteCoin (XWC) traded up 0% against the dollar and now trades at $0.0084 or 0.00000009 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

ReddCoin Coin Profile

RDD is a PoW/PoS coin that uses the Scrypt hashing algorithm. It launched on February 2nd, 2014. ReddCoin’s total supply is 33,159,403,342 coins and its circulating supply is 33,946,203,425 coins. ReddCoin’s official website is www.reddcoin.com. ReddCoin’s official message board is medium.com/tag/reddcoin. The Reddit community for ReddCoin is https://reddit.com/r/reddcoin and the currency’s Github account can be viewed here. ReddCoin’s official Twitter account is @reddcoin and its Facebook page is accessible here.

According to CryptoCompare, “Reddcoin is trying to jump on the tipping bandwagon by making itself the social network donation go to default. A Scrypt coin with a 60 second block time and block retargeting using kimoto's gravity well. The coin also includes a 5% annual inflation after the 27.5 billion have been mined by PoW. Alongside Reddcoin includes an innovative proof of stake velocity algorithm.”

Buying and Selling ReddCoin

It is usually not presently possible to buy alternative cryptocurrencies such as ReddCoin directly using US dollars. Investors seeking to acquire ReddCoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy ReddCoin using one of the aforementioned exchanges.

RDD/USD price chart by TradingView