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Is Reddcoin (RDD) Dead?

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Reddcoin
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The chief goal of Reddcoin (RDD) is to become the epitome of cryptocurrency use on social media platforms for transactions such as tipping and other microtransactions. The current low value of the coin and the high supply means that it is ideal for the earlier mentioned micro-transactions. RDD is currently valued at $0.0067. The circulating supply is the entire total supply of 28.808 Billion RDD. There is no RDD locked up in escrow as is the case with XRP.

Reddcoin can so far be used to tip on Telegram, Twitter, and Reddit. The tipping is usually done when one member makes a noteworthy contribution to a discussion. This, in turn, promotes discussions with substance and a platform where ideas are shared.

But why say Reddcoin is dead?
Answer: The entry of other cryptocurrencies you can tip with on social media.

There are more cryptocurrency projects realizing the potential in having crypto being used on social media platforms.

Ripple (XRP): Any member of the XRP and Ripple SubReddit communities, has been tipped or has tipped a fellow Rippler on the platform. There is an XRP tip bot that can be utilized. Further instructions on how to use the tip bot can be found on the XRP Tip Bot Website.

Nano (NANO): Twitter has a Nano Tip bot that can be used to tip fellow Twitter members on its platform.

Bitcoin Cash (BCH): The tipping aspect of BCH is not active yet since the lowest amount of BCH that you can send is 546 Satoshi. However, CoinGeek and nChain are joining the ‘Miner’s Choice’ initiative to allow miners to have the freedom to determine if they can offer free transactions and also to lower the sending limit to 0.00000001 BCH. This means that BCH can soon be used for tipping since the transactions levels have been lowered and free transactions will also become a reality.

What next for Reddcoin if it is to fight off the competition?

The next move for Reddcoin, its team members, and fans, is simply to market the coin harder and promote its adoption in the currently available platforms of Reddit, Telegram, and Twitter. More crypto enthusiasts need to be made aware of the brilliant qualities available on Reddcoin such as the RDD ID that will allow the seamless use of your Reddcoin identity on all social media platforms. You can then tip from this one ID or even send microtransactions using ti. This will indeed be the game changer for the Reddcoin project moving forward.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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