ReddCoin (RDD) Achieves Self Reported Market Capitalization of $4.51 Million

ReddCoin (RDD) traded 32.9% higher against the US dollar during the one day period ending at 8:00 AM E.T. on April 24th. One ReddCoin coin can currently be purchased for about $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges. During the last week, ReddCoin has traded 26.4% higher against the US dollar. ReddCoin has a market cap of $4.51 million and approximately $102.84 worth of ReddCoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.16 or 0.00000244 BTC.
• Litecoin (LTC) traded up 2.7% against the dollar and now trades at $86.62 or 0.00130017 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.77 or 0.00008657 BTC.
• Uniswap (UNI) traded 2.5% higher against the dollar and now trades at $8.17 or 0.00012268 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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.
• DEI (DEI) traded up 1.3% against the dollar and now trades at $0.0199 or 0.00000030 BTC.
• Polymath (POLY) traded up 2.4% against the dollar and now trades at $0.11 or 0.00000164 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.98 or 0.00001478 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

ReddCoin Profile

ReddCoin is a PoW/PoS coin that uses the Scrypt hashing algorithm. It launched on February 2nd, 2014. ReddCoin’s total supply is 30,397,274,955 coins and its circulating supply is 30,399,022,287 coins. The official website for ReddCoin is www.reddcoin.com. The official message board for ReddCoin is www.reddcointalk.org. ReddCoin’s official Twitter account is @reddcoin and its Facebook page is accessible here. The Reddit community for ReddCoin is https://reddit.com/r/reddcoin and the currency’s Github account can be viewed 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.”

ReddCoin Coin Trading

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

RDD/USD price chart by TradingView