ReddCoin Self Reported Market Cap Hits $1.59 Million (RDD)

ReddCoin (RDD) traded 15.4% lower against the dollar during the twenty-four hour period ending at 19:00 PM Eastern on October 1st. ReddCoin has a total market cap of $1.59 million and approximately $24.17 worth of ReddCoin was traded on exchanges in the last day. One ReddCoin coin can now be bought for approximately $0.0001 or 0.00000000 BTC on cryptocurrency exchanges. Over the last seven days, ReddCoin has traded 21.8% higher against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded 6.1% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.97 or 0.00009788 BTC.
• Litecoin (LTC) traded 4.8% lower against the dollar and now trades at $63.38 or 0.00103888 BTC.
• Uniswap (UNI) traded 6.7% lower against the dollar and now trades at $6.89 or 0.00011286 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded up 0.8% against the dollar and now trades at $0.0646 or 0.00000106 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001633 BTC.
• WhiteCoin (XWC) traded 0.1% lower against the dollar and now trades at $0.0174 or 0.00000029 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. It launched on February 2nd, 2014. ReddCoin’s total supply is 30,397,274,955 coins and its circulating supply is 30,399,022,287 coins. The Reddit community for ReddCoin is https://reddit.com/r/reddcoin and the currency’s Github account can be viewed here. The official message board for ReddCoin is www.reddcointalk.org. The official website for ReddCoin is www.reddcoin.com. 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 possible to buy alternative cryptocurrencies such as ReddCoin directly using US dollars. Investors seeking to trade ReddCoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy ReddCoin using one of the aforementioned exchanges.

RDD/USD price chart by TradingView