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Reddcoin (RDD) aims for the penny mark with its new WebID Wallet launched

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Reddcoin

Most analysts predicted a bullish momentum in the cryptocurrency, and that is taking place currently as there is an increase in total market capitalization by more than 30% in the past 24 hours. Reddcoin (RDD) is among the coins on the rise as it has doubled its price by 130% (from $0.003 in the past two weeks to $0.007 currently).

From the general point of view, Reddcoin increased in price just like the other coins in the market; but then last week’s announcement could have played a major part in the hike. On Tuesday last week, the company announced the release of ReddCard and ReddPay, which might have triggered the boom as well.

The “big” announcement

On Thursday, last week, the company declared that it has plans in place for launching a WebID wallet for its users. Basically, the wallet will allow easy deposits, access, and sending money to various wallets.

Reddcoin’s design

Reddcoin is designed to be used in social networks and not like social networking itself. Currently, unlike the old times, almost 95% of businesses are inclined to social networks for sales and advertisements.

The reason is simply due to overcrowded social networks; you hardly will find each one around you using Instagram, Facebook, Twitter, and many other networks. Information is smoothly transferred to the general public in an increased way of understanding, thanks to the social media today.

However, many social platforms over the years have faded away due to the lack of incentives — and that’s exactly what led to launching Reddcoin. This social media token will provide a platform linked to all social media platforms, which will give the users a straightforward blockchain solution unlike the general blockchain community where grasping the concept is a big deal for most individuals.

The WebID wallet

Apart from the announcement about its release, there is nothing that has been said yet. Ideally, the wallet will allow fast and quick transactions alongside providing a staking platform. Notwithstanding, staking using the wallet will save large amounts of energy used for mining Bitcoin and other coins.

Indeed, the WebID wallet is a great project for RRD as it aims to hit the $1 mark. Currently, Reddcoin is ranked 77 as per the market capitalization, and from a daily volume of $4 million a day ago; it is now sitting at a daily trading volume of about $60 million. Subsequently, the coin has $28.8 billion in circulation and a market cap of $220 million.

What is more regarding Reddcoin WebID wallet? As of now, it is just an announcement with the date of release yet to be announced. But still, as things are shaping, it seems all positive with Reddcoin ticking towards one penny. Whatever happens, we have got you covered for more updates as they happen.

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

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.

Image courtesy of Elizabeth via Flickr

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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