ReddCoin Hits Self Reported Market Capitalization of $1.97 Million (RDD)

ReddCoin (RDD) traded 16.4% higher against the US dollar during the one day period ending at 20:00 PM Eastern on September 8th. ReddCoin has a market capitalization of $1.97 million and approximately $118.75 worth of ReddCoin was traded on exchanges in the last day. In the last seven days, ReddCoin has traded 18.3% higher against the US dollar. One ReddCoin coin can currently be purchased for about $0.0001 or 0.00000000 BTC on cryptocurrency exchanges.

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

• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.0962 or 0.00000175 BTC.
• UNUS SED LEO (LEO) traded 1.3% lower against the dollar and now trades at $5.40 or 0.00009827 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $60.83 or 0.00110596 BTC.
• Uniswap (UNI) traded 0.4% lower against the dollar and now trades at $6.39 or 0.00011610 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded 13% lower against the dollar and now trades at $0.0863 or 0.00000157 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001817 BTC.
• WhiteCoin (XWC) traded down 2.6% against the dollar and now trades at $0.0055 or 0.00000010 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

ReddCoin Profile

RDD is a PoW/PoS coin that uses the Scrypt hashing algorithm. It was first traded on February 2nd, 2014. ReddCoin’s total supply is 30,397,274,955 coins and its circulating supply is 30,399,022,287 coins. ReddCoin’s official Twitter account is @reddcoin and its Facebook page is accessible here. ReddCoin’s official website 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 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 presently 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, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy ReddCoin using one of the exchanges listed above.

RDD/USD price chart by TradingView