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ReddCoin (RDD): A Dollar Price Goal For HODLing

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RDD has shown some astonishing results in the past couple of days, going up for 60%. So, in case you are always on the lookout for “small” coins that could potentially make up for a great investment, then it is surely recommended that you take a closer look at ReddCoin. Here is everything you need to know about ReddCoin and its latest progress.

A Little about RDD

ReddCoin or RDD is otherwise known as the social currency and a cryptocurrency that cares about the “regular guys”. In this idea lies a massive potential to get crypto-based transactions to the mainstream waters of social media. It is estimated that there are a couple of billion users on Facebook alone and if you add more users that are regulars on Twitter and other social media platforms you get a massive targeted audience that you can attract with great and realistic offers, which is just what ReddCoin has been up to.

The main idea behind RDD is to get more people to start using decentralized platforms and blockchain-based currencies. That way more and more people could potentially reduce the costs of their transactions and take advantage of the fact that they can send money globally in a pretty short time without third parties getting involved.

ReddCoin is thus aiming at making payments more rewarding and more fun for everyone as you would be able to send payments via your social network accounts in only a couple of clicks.

ReddCoin is going up

Although ReddCoin is not trading at its all-time high at this moment, RDD’s price has been pretty stable. When you add the fact that the majority of currencies were dropping last week, you could say that ReddCoin was doing pretty well.

Currently, thanks to the last rise in its price that went up to a bit over 4% against the dollar, ReddCoin is now being traded at the price of 0.010$ per one unit. This is pretty close to its all-time high, and in case RDD would continue to grow at the same pace, it could easily get back to dealing at 0.03$ and probably over the initial price.

On February 20th, ReddCoin was marked as the currency with the greatest trading volume during the period of 24 hours.

After the announcement that ReddCoin started to trade on one of Korea’s biggest exchange markets, it seems that RDD started to go up consequently. Also, you may easily presume that the implementation of Proof of Stake model that occurred about two months ago could also affect the price positively.

All in all, it seems that things are looking pretty good for ReddCoin for now. In case you were planning on investing in ReddCoin, the right time for buying RDD would probably be now. It can easily happen that if RDD would continue to grow at the same pace as now, this currency could soon reach the goal of dealing with a dollar per one unit. RDD managed to grow by 60% over a short period of time, so it is presumable that this coin could reach a dollar price within a couple of years. This makes RDD the perfect coin to HODL.

We will be updating our subscribers as soon as we know more. For the latest updates on RDD, sign up below!

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.

Image courtesy of coinmarketcap.com

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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