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ReddCoin (RDD) Is Mounting A Challenge To Become The Number One Social Coin (and it's succeeding...) - Global Coin Report
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ReddCoin (RDD) Is Mounting A Challenge To Become The Number One Social Coin (and it’s succeeding…)




ReddCoin (RDD) is on fire. The coin was trading for $0.001 a piece back at the start of the month and, as of this week, trades at $0.01 and a market capitalization of more than $305 million. Twenty-four-hour volume just hit $277 million. That’s some serious activity in a coin that was attracting very little attention just a couple of weeks ago.

So what’s driving the action and can it continue?

We’re going to try and answer that question.

RDD Daily Chart

RDD Daily Chart

First up, while it’s not what’s causing the rise directly, it’s worth noting that this coin first hit a $100 million market cap at the start of this week. Now, of course, it’s way above that, but this $100 million level has grown to be seen as something of a right of passage for coins in this space over the last twelve months or so. When a coin hits $100 million market cap it’s taken seriously and the action we’ve seen subsequent to RDD breaching this threshold is representative of this fact.

But let’s get a bit more specific.

For anyone new to ReddCoin, it bills itself as the first and only social media specific cryptocurrency. There are a few coins that people use to tip and reward users across social media platforms right now (Ether, Doge, NEM) but none are specifically designed for this purpose and the team at ReddCoin (and the community behind it) is hoping that this sole-focus USP is enough to drive adoption.

So how does it work?

The company is developing a platform that can integrate with the various social media platforms that people use today – Twitter, Facebook, Reddit, etc. – and, once live, users will be able to old ReddCoin in their wallet and use it (by way of the integration) to tip and reward other users for their content and contributions to whatever community they are involved in.

Why would people use this instead of tipping in another currency?

Well, for one, it’s incredibly fast. Transaction times come in at just a few seconds. Second, it’s very cheap to use. Transaction fees come in at somewhere between 0 RDD to 0.002 RDD, depending on the byte size of the transaction.

It also employs what’s called a PoSv algorithm as a transaction processing and confirmation method. This stands for Proof of Stake Velocity and it’s a very efficient (and low energy, so environmentally friendly) way to operate a network.

How does all this play into the question asked above – can the run we are seeing continue into 2018 and beyond?

Well, we’ve just seen the company announce a partnership (and an integration) with Local World Forwarders, which is the first decentralized logistics platform in the world. This should serve as a nice proof of worth partnership and should validate the platform and its integration capabilities, as the partnership matures. In turn, this should pave the way for similar partnerships and integrations, the latter of which is going to be key if this social media specific coin is going to be picked up by the wider social media space as its tip-coin of choice.

We want to see more of these partnerships in place, then, as supportive of a longer-term bull thesis.

We’re avoiding the question – is this one going to run further?

Put simply, yes.

This is a coin that’s answering the call for a low value, quick and user-friendly tipping asset at what we see as being exactly the right time. Right place, right time. Sure, there are other options out there but none of them are as well established as this one and we think the action we are seeing right now is just the beginning of some 2018 strength.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of ReddCoin


Why Bitcoin (BTC) Revival is Likely to Continue



Bitcoin (BTC) revival

The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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How to Become a Millionaire without Risking Everything with Bitcoin




It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches



Buy Bitcoin

Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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