ReddCoin (RDD) Self Reported Market Cap Achieves $1.87 Million

ReddCoin (RDD) traded 24.5% lower against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on August 15th. ReddCoin has a market capitalization of $1.87 million and $52.35 worth of ReddCoin was traded on exchanges in the last day. Over the last week, ReddCoin has traded up 8.4% against the U.S. dollar. One ReddCoin coin can currently be purchased for about $0.0001 or 0.00000000 BTC on exchanges.

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

• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.10 or 0.00000175 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.86 or 0.00009839 BTC.
• Litecoin (LTC) traded up 4.9% against the dollar and now trades at $66.80 or 0.00112216 BTC.
• Uniswap (UNI) traded up 0% against the dollar and now trades at $6.37 or 0.00010700 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 down 16.6% against the dollar and now trades at $0.0832 or 0.00000140 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001671 BTC.
• WhiteCoin (XWC) traded down 7.1% against the dollar and now trades at $0.0057 or 0.00000010 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

ReddCoin Coin Profile

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 message board for ReddCoin is www.reddcointalk.org. 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. The official website for ReddCoin is www.reddcoin.com.

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.”

ReddCoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as ReddCoin directly using U.S. dollars. Investors seeking to trade ReddCoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase ReddCoin using one of the aforementioned exchanges.

RDD/USD price chart by TradingView