ReddCoin Price

Read everything about the ReddCoin Price.

Follow the ReddCoin price in euro

In the above displayed widget, you can see the overall performance of the ReddCoin price in the form of an interactive chart. The chart is set to show you the current ReddCoin price during the last 24 hours. You can see the current ReddCoin value in the top left corner of the chart. Like other cryptocurrencies, ReddCoin is also traded all the day and never stops.

Unlike the classical stock markets who don’t trade on the weekend and are only active over the weekdays during fixed business hours. Cryptocurrencies are open throughout the day and never stop trading, even over the night and weekend time.

Moreover, you can also see the performance of ReddCoin price in the chart for the last 7 days (7D), 30 days (30D), since the start of this year (this is shown by YTD) and since the first notation of ReddCoin (displayed as ALL). The chart also provides the current exchange rate of ReddCoin in euros including all trading fees, which can be seen and calculated at the bottom of the chart.

RDD price in euros and dollars

In the below chart, you can check the more information about the RDD performance for the last 24 hours, over the last week and even for the last month. Further, you can also see the current market capitalization and highest and lowest price over the last 24 hours.

You can use EUR and USD to switch between Euro and Dollars.

Note: The above displayed RDD price may vary by a few dollars and euros, because the price data is supplied by two different companies.

The history of ReddCoin’s price

The ReddCoin project was launched as a fork of Litecoin in 2014. It was dedicated to bring cryptocurrency to the people by the use of social media tipping. ReddCoin is the social media currency and works across many social platforms. The ReddCoin API supports social media networks like Reddit, Twitter and Twitch. Moreover, ReddCoin uses a more environment-friendly approach to its cryptocurrency named Proof-of-Stake-Velocity (PoSV), which allows ReddCoin users to mint new coins directly by staking RDD in the official wallet.

Since its listing, the ReddCoin value has seen many ups and downs. On February 2 2014, after the two weeks of its launch, the ReddCoin held an ICO, which raised $100,000 by selling 5,45 billion RDD. Most of the time, the ReddCoin price remained stable and low, but in 2017 it got engaged in the broad-based cryptocurrency rally and reached all-time high price of $0.032391 on January 7, 2018. After that, the RDD price started to fall back steadily for the rest of the year and hit a low value of $0.001 in December.

In 2019, an increase in the ReddCoin price was observed. On 19 May, the RDD rose up to $0.00198, but it was not enough. Since the start of 2020, the ReddCoin price is again showing downtrend, which is not a good sign.

However, since its launch, ReddCoin has achieved good image by partnering with many potential enterprises. In 2018, ReddCoin announced its partnership with Phore Marketplace, which will enable both PHR and RDD to be used for e-Commerce. In October 2018, ReddCoin announced the public release of the Redd-ID wallet, to give users easier access to RedCoin’s signature platform for the system. Also, they can get system rewards and high quality social media content recognition with this wallet.

In 2019, ReddCoin official announced the rollout of new enhanced Proof of Stake Velocity Protocol to support network stability. In March 2020, ReddCoin joins hands with ForgingBlock for improving their merchant services and crypto payment gateways. Moreover, recently ReddCoin Solutions and Rypplzz Inc. announced a strategic partnership.

A ReddCoin roadmap shows the long-term plans, which includes partnerships with gaming industries and integration with more social media networks. Moreover, the ReddCoin project has been steadily getting ranking on CoinMarketCap. ReddCoin has seen consistent development since its establishment.

ReddCoin historical prices

The table shows the historical price of RDD over the last week.

How is the ReddCoin price established?

The ReddCoin price is following the same criteria which applies on the stock exchange. So the RDD price determination depends on the balance between supply and demand. The market buyers and sellers set the current price by bidding against each other. If there are more buyers than sellers, the price will increase. On the other hand, if the number of sellers is greater than the buyer, the RDD price will decrease.

In the crypto market, everyday news can determine the current price. So news of the day can affect the price in negative or in a positive way. If the price goes up instantly, then people respond to it out of fear of missing out (FOMO) and If the price goes down then people can respond in the opposite way. Moreover, cryptocurrency scams can also influence the price in negative way.

ReddCoin price prediction

We cannot predict which cryptocurrency will survive and which will not, in near future. The RDD price shows high volatility, so it is not easy to predict the future RDD price. Developments are still going on as the ReddCoin project looks to integrate with more social media networks, which will play a vital role in its adoption rate.

Moreover, the project is coming up with more new features and policies to ensure the positive future of the RDD price in the market.

What do you need to take into account with the ReddCoin price?

The ReddCoin price is volatile and it can change instantly, so it is not a good thing for classical traders who are used to traditional stock. In past trends, you can see the rapid rise and fall in the RDD price. This can happen because one leading investor can affect the ReddCoin value with just a single order. Make sure you should not invest more money than you are willing to lose.

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