ReddCoin Hits Self Reported Market Capitalization of $3.04 Million (RDD)

ReddCoin (RDD) traded 2.4% lower against the US dollar during the 24 hour period ending at 12:00 PM E.T. on May 2nd. ReddCoin has a total market capitalization of $3.04 million and $214.91 worth of ReddCoin was traded on exchanges in the last 24 hours. Over the last week, ReddCoin has traded down 5.4% against the US dollar. One ReddCoin coin can currently be purchased for approximately $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Dogecoin (DOGE) traded up 10.7% against the dollar and now trades at $0.13 or 0.00000226 BTC.
• Litecoin (LTC) traded up 4.8% against the dollar and now trades at $80.79 or 0.00136127 BTC.
• UNUS SED LEO (LEO) traded 2.2% higher against the dollar and now trades at $5.93 or 0.00009997 BTC.
• Uniswap (UNI) traded 6% higher against the dollar and now trades at $7.21 or 0.00012147 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded 5.2% higher against the dollar and now trades at $0.0182 or 0.00000031 BTC.
• Polymath (POLY) traded down 5.3% against the dollar and now trades at $0.0919 or 0.00000155 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $0.98 or 0.00001656 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

About ReddCoin

ReddCoin is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its launch date was February 2nd, 2014. ReddCoin’s total supply is 30,397,274,955 coins and its circulating supply is 30,399,022,287 coins. ReddCoin’s official message board is www.reddcointalk.org. ReddCoin’s official website is www.reddcoin.com. The Reddit community for ReddCoin is https://reddit.com/r/reddcoin and the currency’s Github account can be viewed here. ReddCoin’s official Twitter account is @reddcoin and its Facebook page is accessible here.

According to CryptoCompare, “Reddcoin is trying to jump on the tipping bandwagon by making itself the social network donation go to default. A Scrypt coin with a 60 second block time and block retargeting using kimoto’s gravity well. The coin also includes a 5% annual inflation after the 27.5 billion have been mined by PoW. Alongside Reddcoin includes an innovative proof of stake velocity algorithm.”

Buying and Selling ReddCoin

It is usually not currently possible to purchase alternative cryptocurrencies such as ReddCoin directly using U.S. dollars. Investors seeking to trade ReddCoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase ReddCoin using one of the exchanges listed above.

RDD/USD price chart by TradingView