Dogecoin Price Decline Continues: Will Reddcoin Challenge it?
Despite a strong community and impressive marketing efforts, the Dogecoin price has consistently declined for the majority of 2014. Despite strong community support and impressive marketing efforts, the Dogecoin price has declined consistently for the majority of 2014. The reasons for the Dogecoin price decline are not immediately clear, although the decline may be related to Dogecoin's economic model. If Dogecoin does not recover soon, Reddcoin may challenge its place as the leading social and tipping currency. Dogecoin Price Decline Continues. Dogecoin investors should be worried.....
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Reddcoin has dubbed itself the "social currency." Reddcoin-the self-declare "social currency" -was one of several altcoins to experience price spikes during June and July. The Reddcoin price rose so far that it even briefly challenged Dogecoin on the market cap charts. However, the Reddcoin price has fallen 70% since then. CCN examines this altcoin price decline. Also Read: Reddcoin Announces Social Wallet and Proof of Stake Velocity. Reddcoin Price Continues The October Downward Trend. The Reddcoin price heated up in the middle of summer, peaking at 37 satoshis on July 27. However, it....
Reddcoin price has fallen around 40% during the past 10 days. The fall in its price has coincided with the rise in bitcoin price that has been prominent since the beginning of March. By looking at Coinmarketcap's chart (look at the below chart), we can better spot the drop in reddcoin price that started on the 28th of February. As we can see on the charts, it has been mostly trading between 8 and 10 satoshis during most of February; however, at the moment reddcoin is trading between 6 and 8 satoshis. Accordingly, if you bought reddcoin at 10 satoshis last month, at 6 satoshis, you have now....
Despite experiencing a price rut lasting for the majority of 2014, Dogecoin has clawed its way back up the cryptocurrency market cap charts. After rising 18% on September 4, The Dogecoin price has continued its climb. Over the past week, the Dogecoin price has climbed more than 40%. Now, Dogecoin sits fifth among altcoins in total market cap. CCN examines the Dogecoin price charts. Dogecoin Price Rally Continues. September has been a great month for altcoins. In general, most top altcoins have seen their market caps increase, even as the Bitcoin price has struggled. Top 20-altcoins such as....
Recently Reddcoin has been making some serious market gains, both in volume and in price with a 24 hour volume of $578,183 and price of 41 Satoshis at its peak. This wasn’t a sudden growth either, as you can see by the following graph that shows Reddcoin price as well as volume over the last 3 months. As you can see, over the last 3 months, Reddcoin has been steadily gaining both volume and price, with prices normally being around 6 Satoshis, to a current market weighted average of 34 Satoshis, a 566% increase in price at peak.
In the past week, the Dogecoin price has jumped more than 25%, allowing it to challenge Nxt for a top-five market cap ranking. CCN examines this altcoin price movement to help investors make informed trading decisions. Dogecoin enthusiasts have "much" to celebrate and this fervor has moved into the Dogecoin price, as well. Dogecoin Price Continues to Climb. Investors have become very bullish on Dogecoins. One month ago-on August 25-the Dogecoin price was a lowly 22 satoshis-and the once-great altcoin risked losing its top-ten market cap ranking. However, the community remained resilient,....