Reddcoin Price Continues to Fall
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....
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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....
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.
“Reddcoin will be dedicated to one thing: tipping on social networks as a way to bring cryptocurrency to the general public,” the Reddcoin team said on their official announcement post back in January. Reddcoin wants to set themselves up to be the “Social Currency, and with this new wallet redesign, along with changes of their algorithm, they look to incorporate that philosophy even further. Reddcoin’s team of developers, led by Larry Ren, have been hinting at a new wallet redesign for a few days now, but today they’re unveiling their impressive step forward during their “Block Halving....
Reddcoin has just launched its own social platform designed to amplify the voice of the community through a platform similar to thunderclap. The platform supports campaigns that are accepted by the developers. The campaign then can gain supporters; the supports give support from their Facebook account, Twitter account, or Tumblr account. If the campaign meets the number of supporters that the person that started the campaign specified, then the message of the campaign will be mass broadcasted by the supporters at the set time of the campaign. The moderation of the new platform will protect....
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.....