ReddCoin Trading 21.3% Lower This Week (RDD)

ReddCoin (RDD) traded down 11.8% against the US dollar during the 24 hour period ending at 18:00 PM ET on May 14th. In the last week, ReddCoin has traded down 21.3% against the US dollar. One ReddCoin coin can currently be purchased for approximately $0.0004 or 0.00000001 BTC on exchanges. ReddCoin has a total market capitalization of $11.24 million and approximately $45,366.00 worth of ReddCoin was traded on exchanges in the last day.

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

  • Wrapped Bitcoin (WBTC) traded down 1.3% against the dollar and now trades at $29,651.80 or 0.99879440 BTC.
  • Cosmos (ATOM) traded 1% lower against the dollar and now trades at $10.66 or 0.00035901 BTC.
  • Safe (SAFE) traded down 0.5% against the dollar and now trades at $31.91 or 0.00107502 BTC.
  • Dash (DASH) traded 0.8% higher against the dollar and now trades at $59.93 or 0.00201865 BTC.
  • Techpay Coin (TPC) traded down 0.1% against the dollar and now trades at $0.28 or 0.00000934 BTC.
  • Compound (COMP) traded 1.9% lower against the dollar and now trades at $69.37 or 0.00233682 BTC.
  • Decred (DCR) traded 3.2% lower against the dollar and now trades at $33.14 or 0.00111613 BTC.
  • Secret (SCRT) traded down 1.3% against the dollar and now trades at $1.88 or 0.00006317 BTC.
  • Astar (ASTR) traded down 9% against the dollar and now trades at $0.0654 or 0.00000220 BTC.
  • Immutable X (IMX) traded down 5.9% against the dollar and now trades at $0.83 or 0.00002781 BTC.

ReddCoin Profile

RDD is a PoW/PoS coin that uses the ProofofStakeVelocity hashing algorithm. It launched on January 26th, 2014. ReddCoin’s total supply is 30,397,274,955 coins. ReddCoin’s official Twitter account is @reddcoin and its Facebook page is accessible here. The official message board for ReddCoin is www.reddcointalk.org. ReddCoin’s official website is www.reddcoin.com. The Reddit community for ReddCoin is /r/reddcoin and the currency’s Github account can be viewed 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 U.S. dollars. Investors seeking to trade ReddCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy ReddCoin using one of the aforementioned exchanges.

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