ReddCoin (RDD): A Dollar Price Goal For HODLing

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 20^th, 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.

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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.

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