ReddCoin (RDD) Hits Self Reported Market Capitalization of $2.36 Million

ReddCoin (RDD) traded 84.7% lower against the dollar during the one day period ending at 20:00 PM ET on June 15th. One ReddCoin coin can now be bought for $0.0001 or 0.00000000 BTC on exchanges. ReddCoin has a market cap of $2.36 million and $2.82 worth of ReddCoin was traded on exchanges in the last 24 hours. In the last seven days, ReddCoin has traded 14.7% lower against the dollar.

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

• Dogecoin (DOGE) traded up 1.2% against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Uniswap (UNI) traded 10.5% higher against the dollar and now trades at $11.51 or 0.00017393 BTC.
• Litecoin (LTC) traded 2.1% higher against the dollar and now trades at $79.20 or 0.00119648 BTC.
• UNUS SED LEO (LEO) traded 3.7% higher against the dollar and now trades at $5.75 or 0.00008683 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 27% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• DEI (DEI) traded 1.9% higher against the dollar and now trades at $0.0117 or 0.00000018 BTC.
• dForce USD (USX) traded up 0.5% against the dollar and now trades at $0.99 or 0.00001501 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

About ReddCoin

RDD 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 official website for ReddCoin 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. ReddCoin’s official message board is www.reddcointalk.org.

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 purchase alternative cryptocurrencies such as ReddCoin directly using US dollars. Investors seeking to acquire 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