Reddcoin is trading at higher levels if compared to the past months. Like Dogecoin, RDD maintained higher levels ignoring the widespread selling activities in September. Like some of the hyped up blockchain projects in the market, which include the likes of Kin and Steemit, ReddCoin has monetized social media market, enabling users to earn revenue for socializing. ReddCoin, which rewards users for using its social media platform, can be accessed through its browser on any standard search engine. RDD serves as an intra-payment currency, where it can also be used to execute trades on external platforms.
As a social media currency, this crypto has made a special place in the community by tipping participants for publishing rewarding and meaningful content. ReddCoin, as is often compared to Steemit networking platform, is different from its peer in terms of the rewarding process as opposed to Steemit, RDD is developed for all popular social media channels, including Twitter, Facebook, Instagram, etc.
ReddCoin Price for today is $0.000844. Its current circulating supply is RDD 28,808,713,174 with a market cap of $24,320,621.
Reddcoin is a social digital currency which exists to simplify money for the general public use. Most of the people spend a lot of their time on social media platforms like Reddit, Twitter, and Facebook. The network of family and friends on social media is essential in everybody's lives. Reddcoin even integrates digital currency and life on social media. With Reddcoin, users are able to tip off their favorite authors, receive and send money online.
The reward mechanism on Reddcoin(RDD) is affordable for micro-transactions; it is also fast and secure. Nevertheless, the introduction of ReddID will revolutionize the entire system placing Reddcoin at the helm of other social media-based cryptocurrencies. Reddcoin has similar features to that of Dogecoin (DOGE) has. It has a loyal community, even it is a lot smaller because it’s a more recent coin than Dogecoin.
One of the prominent differences in these coins is that Reddcoin uses Proof of Stake instead of Proof of Work.
Reddcoin boasts that their block time is t10 times faster than that of Bitcoin’s. This makes the transactions go through as quickly as 60 seconds, rather than the 10 minutes plus that it could take using the Bitcoin network.
Reddcoin has a lot of advantages as a cryptocurrency. Forecasting the price of the cryptocurrencies is not a simple task as the market is volatile and the Reddcoin price may go up or go down in seconds. Yearly predictions are based on what the experts talk and how that coin is performing, along with major collaborations or partnerships. Let's check at some of those:
As per CoinLiker, Reddcoin might reach $0.134922 by the end of 2020 and by the end of 2023, RDD might reach $0.732240. They even predicted that RDD price might reach go up by the end of the day(Reddcoin price prediction today).
As per wallet investor, Reddcoin might reach $0.0520 by the end of 2020. They even stated that RDD might reach $0.0116 by the end of 2023.
David Hay approaches his subjects logically and pays attention to the things which have the potential to make a project a success. He predicted that Reddcoin “could reach $0.25 and stay at that level”.
Mega Crypto price is also a website that publishes the price forecasts of different cryptocurrencies. Similarly, it has predicted that RDD might reach $0.0381 by the end of 2020 and by 2023, RDD might go up and reach $0.197.
Reddcoin might indulge in close partnership with the gaming industry, which might increase even more integration of different social media. By 2020, the adoption rate of RDD would increase tremendously. They might collaborate with steam pretty soon. They are planning to add “color coding” feature by 2020. Reddcoin community is all geared up for cross-platform staking by 2020. Right now, they are in the research and development phase, which will get into the preliminary phase by 2019 end and might get into the final stage by 2020. By 2020, Reddcoin might reach $0.02, which would be a victory point for the RDD community.
RDD will need some serious marketing power and maybe even a hit to there pocketbook to kick-start their development to get anywhere near $0.02 in 2 years. Reddcoin is different in that it plans to integrate with existing social media platforms that are not blockchain related and allow seamless tipping to reward content. This represents a further challenge, as most traditional social media platforms do not favor cryptocurrencies at the moment.
It is evident with such developments that Reddcoin might go a long sway, where its user base will increase manifold. By the end of 2023, RDD might reach $0.035, which might even stretch to $0.05.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!