Reddcoin came up as an idea to tip social media enthusiasts for great content etc. To illustrate, you did like a cute baby on the network and would like to appreciate it physically. You can link a Redd ID to a social network and transfer tips via Google Play Store.
The folks from it are not going to create another social network. The guys target giants like Facebook, Instagram, YouTube and strive to encourage the audience to “make people happy” by ‘appreciating’ them with cryptos.
The venture is compelling and perhaps you are already thinking about the Reddcoin price prediction. In this case, you should get a profound knowledge about the subject, and we’re here to provide it to you. Before getting off, make sure you are aware of all the pros and cons.
What is Reddcoin (RDD)?
The token was issued in 2014 as a fork to Litecoin. As briefly mentioned above, the system suggests a Redd-ID, which simply attributes an exclusive ID to the owner. Thus, users can associate a username with different important information like social network credentials and open keys. Thus, it’s a kind of exclusive and easy built-in method of tracking participants.
The token was initially issued to help with fast and hassle-free online micropayments. The venture’s purpose is to have it integrated within global giant social networks. The creators expect they came up with a super cheap, ‘just-a-matter-of-click’ way to reward others for compelling content.
Additionally, the folks say that their creation comes with a ten-time faster block time against Bitcoin’s one. For your information, when novel blocks are being clung to the blockchain, it’s measured as the rate of block time. Thus, this fact makes the transaction time around sixty seconds. It’s needless to point out what it is compared to the one within the Bitcoin network.
For now, Reddcoin’s network security is built on an ordinary “proof-of-work” model. They plan to adopt a new one – PoSV (Proof-of-Stake Velocity). Developers say it will address issues the old one struggles with and be greener in terms of the planet’s impact.
The venture boasts an international squad of brainiacs behind it. You won’t spot much information about them. Yet, the lead developer and CTO, John “Gnasher” Nash, positions himself as a project manager and technical officer for multiple reputable corporations (e.g., Masstech Group Inc.). Now, when all the cards are revealed, let’s dive deeper into the RDD price prediction.
Historical Price Analysis of Reddcoin (RDD)
Let’s have a retrospective journey into the RDD value development. In winter, 2019 its value was $0.000647. Its market cap constituted $18,652,777, which ensured the coin the place among the most leading 140 cryptos by market capitalization. The max supply then was 28,808,713, 174 RDD. Yet, the coin has no limited supply. The biggest worth was $0.032391, while the lowest one – $0.0005.
In 2020, great announcements about the token showed up, making the Reddcoin price prediction optimistic for the year. For example, Jay Lawrence, CEO of Reddcoin Solutions, predicted that the transition from the Proof-of-work model to the Proof of Stake Velocity one will improve the ledger, stimulate investments, and increase its worth for the following years.
John Nash, the main captain, suggested that taking a decentralization course will boost engagement on socials. The coin will become more stable and even has all the odds to surge in price. John McAfee, Founder of McAfee Corp, once said it was just sleeping. He suggested that socials’ avid young users could stimulate the coin’s common use. If the number of users skyrockets, the same scenario will happen with the token.
Finally, Elon Musk is super positive about the market in general. The brainiac is convinced cryptocurrency is an end game for many industries, particularly altcoins. They are more affordable, though. Mark Zuckerberg believes that such ventures drive the advancements of Facebook. Thus, content creators are able to be tipped now. There’s so much room for innovation!
Reddcoin Technical Analysis
The Reddcoin price prediction always turns out to be something indefinite and unclear as the industry itself is volatile. To illustrate, a trader might spot a bullish trading alert. Just in hours, it can end up like a pessimistic one. Turning to technical analysis for foreseeing things, in the long run, makes no sense.
Thus, seasoned players face different issues that affect the accuracy of the technical review. But what does it mean? This kind of analysis is built on comparing previous behavior to identify the coin’s perspectives. Thus, a consistent examination of the charts can positively impact the forecast’s accuracy.
Many charts contain outdated prices and the lines do not correspond to reality. Perhaps, the reason is the price wasn’t progressing upward, leaving any good promises to traders.
Factors that Influence the prices of Reddcoin (RDD)
The RDD price prediction always counts the project’s potential. It promises a competitive block time that most cryptos cannot boast on the market, particularly BTC. Block time defines the period needed for a new block to be included. Usually, here it’s 1 minute. Social media fans would love the speed for sure! Besides, most users think the token is way cheaper, quick, and user-friendly.
The PoSV model promises a minimal impact on the environment, the fact that most eco-friendly users will like and spread the word about. Additionally, a new model is safer and prevents certain problems that PoS systems still face.
Another aspect affecting the token’s worth and development, in general, is its usage within social media networks. If some corporation’s activity includes socials, its execs might expect the users’ influx, resulting in the coin’s price surge. Besides, the creators claim they secured great partners that are about to raise the token’s worldwide standards.
One more aspect, almost equal to the previous aspect, is the constant influx of participants on socials. At present, all over the world, 4.33 billion people are surfing social media. Every user might become a customer, which creates immense and limitless opportunities for Reddcoin.
For now, things are different. The crew promised that the PoSV release would influence the worth positively. Currently, an official website and other sources do not tell how the team is making progress or expecting the venture to shine. The present-day framework does not seem like affecting the value of the token.
Short-Term Reddcoin Price Prediction
The RDD prediction tightly depends on what’s going on with the Bitcoin movements. Let’s imagine it’s having a strong bull run, so could RDD as well. Usually, after strong bull runs, Bitcoin is having this ‘calm-down period’. This very time, altcoins step in and have a field day with the bulls, usually ending up with doubled or even tripled prices after a couple of days.
When the pandemic happened, most cryptos got into hibernation, including Bitcoin. The latter experienced up to 40% of daily losses. Luckily, the situation got better, and Bitcoin as a standard-bearer led the market up again. For now, there’s a huge bull run going on in the market (since summer). Experts say that the situation is far away from being positive.
RDD Price Prediction for the Next Three Months
The prosperity of Reddcoin cryptocurrency is tied to Bitcoin and if it’s pulling upwards in the market. The digital asset will increase its dollar-denominated worth as a result of the general growth of cryptocurrency prices. Yet, the RDD to BTC ratio is anticipated to fall, eventually to the lows like never before.
In this case, it’s better to store holdings in BTC and wait for it to hit its previous peak. Thus, this will help altcoins show up in the arena. Unlike other altcoins, this one will not promise significant gains. Traditionally, funds move from BTC gains to big cap coins and bluechip altcoins. Then, they are only moving down to less popular and insignificant initiatives.
The truth is simple: most ventures will fail. As a matter of fact, 95% are anticipated to disappear, and their sponsors will lose funds. The rest are potential New Google, Apple, or Alibaba in the crypto world.
Is RDD prediction positive in this situation? Chances are insignificant, to be honest. Experts and analysts conclude that the digital asset will experience unforeseen pumps. It won’t go further than some trading with little volume and weak interest. Now, let’s get to the Reddcoin price prediction 2021.
Reddcoin RDD price prediction for 2021
The industry is like up in the air, and the Reddcoin forecast is absolutely chancy. But new project-related publications or opinions come out, and we can lean on them before jumping into the game.
Some are super optimistic about Reddcoin price. In late January 2021 the worth was expected to reach a $0.135 price point. That would mean an increase of almost twenty times within a year. Let’s envision it, if you put in 100 bucks in Reddcoin in early 2021, you would purchase 14,556 coins. If translating to fiat money, it’s $1,963.93.
Unfortunately, predictions ended up unfulfilled. To get the most accurate info, one needs to analyze the basics any project should provide to the public. They remain pretty unclear until now.
Long-Term Reddcoin Price Predictions
If any current Reddcoin prediction seems challenging, so does the future for the venture. Yet, websites keep posting forecasts. We’re sharing opinions here, and it’s your prerogative to do your analytical homework and decide if the project is worth your investments.
Some experts suggest that the coin’s price growth might be related to the overall innovations in the field. Besides, if they develop Google, Facebook and other socials where RDD is stuck, the digital asset itself has all the odds to skyrocket in price. Considering all the facts listed, one thing is clear: any forecast website does not provide predictions as an investment recommendation.
Reddcoin RDD price prediction 2022
When websites make predictions, they examine historical data, factor in the combination of linear and polynomial regressions. However, none of them is able to predict price movements with absolute accuracy. Thus, the following Reddcoin price prediction 2022 is just a mere suggestion.
The Reddcoin value is expected to hit a $0.0030136 price point in early 2022. The highest price might be $0.0037972, and the lowest one is $0.0025821. In late January, the worth might be $0.0030378.
Reddcoin RDD price prediction 2023
If the Reddcoin cryptocurrency lives up to 2023, the Reddcoin price prediction 2023 promises to come out more optimistic. This would signal it literally got support from investors, socials’ crowd, and so on. This can increase the present price 10-100x times, making 1 RDD’s worth $0.20-$2.
Reddcoin RDD price prediction 2024-2025
The same situation is with the Reddcoin price prediction 2025. If the project gets traction during the next two years, one coin might cost 2 bucks each. Yet, most analysts are realistic and foresee its worth equal to its today’s worth, or zero.
How to Buy Reddcoin (RDD)?
You can acquire coins via socials like Facebook or Reddit where the coin is integrated as a means of micropayments. Another option is selling services or products and getting RDDs for that. First and foremost, find a trustworthy exchange that works with this token.
Herewith, you should survey amongst many and identify the platform that will deliver accurate information working for investors’ good. Some can provide you with just wallets, and others allow keeping cryptos in your wallet and use them when needed.
Usually, it takes a few steps to purchase cryptos. You pick a reliable platform, register there (some do not ask for registration at all, respecting your privacy and avoiding data leakage), get your data verified, and make a deposit. Most crypto exchanges accept bank transfers, bank cards, online wallets, and other cryptos. The very next step is to pick the necessary currency and buy it. The majority of exchanges are intuitive, so you’ll figure out easily how things function there.
Finally, great advice here will be to secure your digital assets. Find a reliable hardware wallet. This type of wallet is more secure, less likely to be hacked, and have data leakage. Anyway, it’s not a subject of this piece, so do your little research, though.
Read also Stellar Lumens (XLM) Price Prediction
What is the Future of Reddcoin?
It’s literally impossible to tell what the future unfolds for the business. Usually, reviews are built on the analysis of fundamentals. They count project developments, team active engagement and responsiveness, etc. We do not have the luxury of that. Some experts state that the project is dead.
You can stumble upon analytic websites foreseeing future growth due to the innovations in the socials where the digital asset is used. But this fact doesn’t make the project directly prosperous. From another point of view, some predict it to be a huge success. Here’s why.
Social media needs to share great content and their users would like to reward it somehow. Reddcoin offers a few application program interfaces that enable hassle-free and immediate tipping. The crowd on socials just needs to have a Reddcoin account and tie it to the one on socials.
It’s obvious that the boost of social media users signals that the networks will want the currency used within. Participants want more than liking, sharing, commenting, etc. Thus, the venture tackles the need, making the digital asset a must-have in the crypto world.
Is reddcoin a good investment? Let’s wait a bit and see how the group delivers on the promises and how they streamline the token’s full-stack integration on socials.
Will RDD reach $10000?
Considering the fact that the crypto market is super volatile and unpredictable, anything can happen. The growth of RDD is connected to BTC. Recent pandemic waves sent cryptos to hibernation. When they ‘woke up’, RDD was the last to grow in price quickly.
The point is we don’t know what happens in the world. A $10000 price point is a big deal, considering that they predict at least 2 bucks for 2022. So, it is doubtful that one token will cost that much.
Is RDD a good investment?
Many factors define the success of the investment. If you’re an optimist and believe in the coin’s potential to meet the global need for currency within all socials, then yes. It might be a good investment. if you’re more ‘fact-oriented’, then you’ll deem that an RDD is a stagnant coin.
Why are RDD prices so low?
There are a few reasons for this phenomenon (described above):
- pandemic has put all the cryptos in hibernation, and after thaw, returns go rather to altcoins and big cap ones than to less popular initiatives
- lack of developments within the venture
- silence of people who rolled out this whole thing
- all these factors make the market and analysts insecure about the venture.