ReddCoin Achieves Self Reported Market Cap of $1.52 Million (RDD)

ReddCoin (RDD) traded up 7.6% against the dollar during the 24-hour period ending at 14:00 PM Eastern on January 12th. One ReddCoin coin can currently be purchased for approximately $0.0000 or 0.00000000 BTC on popular cryptocurrency exchanges. In the last week, ReddCoin has traded 5.9% lower against the dollar. ReddCoin has a total market capitalization of $1.52 million and approximately $1.69 thousand worth of ReddCoin was traded on exchanges in the last 24 hours.

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

• Dogecoin (DOGE) traded 0.1% higher against the dollar and now trades at $0.14 or 0.00000151 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $9.02 or 0.00009838 BTC.
• Litecoin (LTC) traded down 5.6% against the dollar and now trades at $76.13 or 0.00082995 BTC.
• Uniswap (UNI) traded 2.3% lower against the dollar and now trades at $5.37 or 0.00005852 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 3.8% higher against the dollar and now trades at $0.0265 or 0.00000029 BTC.
• WhiteCoin (XWC) traded 0% lower against the dollar and now trades at $0.0085 or 0.00000009 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

ReddCoin Coin Profile

ReddCoin 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 33,907,667,502 coins. The official website for ReddCoin is www.reddcoin.com. 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. The official message board for ReddCoin is medium.com/tag/reddcoin.

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 possible to purchase alternative cryptocurrencies such as ReddCoin directly using US dollars. Investors seeking to trade ReddCoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. 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