ReddCoin (RDD) Self Reported Market Capitalization Reaches $3.86 Million

ReddCoin (RDD) traded up 13.3% against the U.S. dollar during the 24 hour period ending at 23:00 PM ET on April 17th. ReddCoin has a market capitalization of $3.86 million and approximately $15.46 worth of ReddCoin was traded on exchanges in the last 24 hours. One ReddCoin coin can now be bought for $0.0001 or 0.00000000 BTC on major exchanges. Over the last seven days, ReddCoin has traded down 14.8% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Dogecoin (DOGE) traded down 5.2% against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Litecoin (LTC) traded 1% higher against the dollar and now trades at $80.51 or 0.00130639 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.85 or 0.00009497 BTC.
• Uniswap (UNI) traded down 1.1% against the dollar and now trades at $7.01 or 0.00011372 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 3.2% lower against the dollar and now trades at $0.0166 or 0.00000027 BTC.
• Polymath (POLY) traded up 12.6% against the dollar and now trades at $0.0961 or 0.00000156 BTC.
• dForce USD (USX) traded up 0.3% against the dollar and now trades at $0.96 or 0.00001559 BTC.
• WhiteCoin (XWC) traded 1% higher against the dollar and now trades at $0.0051 or 0.00000008 BTC.

ReddCoin Profile

ReddCoin (CRYPTO:RDD) is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its launch 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. The official message board for ReddCoin is www.reddcointalk.org. ReddCoin’s official website 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.

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