ReddCoin (RDD) Hits Self Reported Market Cap of $1.71 Million

ReddCoin (RDD) traded 76.5% lower against the U.S. dollar during the twenty-four hour period ending at 13:00 PM ET on October 18th. ReddCoin has a market capitalization of $1.71 million and approximately $4.48 worth of ReddCoin was traded on exchanges in the last day. Over the last week, ReddCoin has traded 15.3% higher against the U.S. dollar. One ReddCoin coin can now be bought for about $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded up 14.3% against the dollar and now trades at $0.14 or 0.00000204 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $6.13 or 0.00008919 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $72.90 or 0.00105981 BTC.
• Uniswap (UNI) traded 1.4% higher against the dollar and now trades at $7.47 or 0.00010856 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.
• Polymath (POLY) traded down 5.5% against the dollar and now trades at $0.0660 or 0.00000096 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001448 BTC.
• WhiteCoin (XWC) traded 13.7% higher against the dollar and now trades at $0.0139 or 0.00000020 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. Its genesis date was February 2nd, 2014. ReddCoin’s total supply is 30,397,274,955 coins and its circulating supply is 30,399,022,287 coins. ReddCoin’s official website is www.reddcoin.com. ReddCoin’s official message board is www.reddcointalk.org. 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.”

ReddCoin Coin Trading

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

RDD/USD price chart by TradingView