Reddcoin Intro

ReddCoin is a “social currency” that gives holders the ability to reward creators of content on social media platforms like Twitter and Reddit with RDD coins. Volunteer developers are reportedly targeting other high-profile social media sites including Facebook. It boasts features like linking a Redd ID to other social networks, sending tips with one click via the Google Play Store and more.

However, this project doesn’t want to create its own social network but rather wants to integrate itself into already existing platforms like Facebook, YouTube, Instagram etc. Basically, with ReddCoin people can, instead of let’s say liking someone’s post, deliver them their daily dose of dopamine by tipping them with cryptocurrency. This will both satisfy the network user’s need for attention, as well as pay him/her for the quality content they provided.

What does TRX future look like?

The project has several identifying features. The Proof of Stake Velocity is a unique concept which they developed; it represents a NEM-like algorithm which values the “velocity” or usage of tokens, thus giving people who contribute the most by being active with their RDD the rights to govern the network. Network’s native token has the RDD ticker and is classified as a utility token, which absolves it of any threat of being called a security. The currency has its own blockchain and a wallet called ReddCoin Core.

To answer our question from the title: hitting $0.010 is a highly improbable goal for RDD in this year.

RDD, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, RDD can hope for one as well.

Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by RDD as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see RDD at least doubling its end of 2019 price value.

Of course, we speak about RDD price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and RDD will be worth less Satoshis by the end of 2020.

In general:

The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.

When Bitcoin goes up swiftly, it will likely:

In cases when Bitcoin plunges, it will likely:

When Bitcoin moves sideways, it will likely:

To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. 

Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will RDD be among those 5%?

Very low, almost zero probability of that happening.

The Pareto Distribution is a pervasive phenomena observed in nature, and it describes the 80/20 rule where 80% of the women have sex with 20% of men. 80% of wealth belongs to 20% of the population. 80% of your results come from 20% of your activities. At least 80% of altcoins will fail and RDD seems to be in that group.

How does Electroneum future look like? ETN Price Forecast for 2020 and Beyond.

All of this summed up means one thing: RDD might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.

Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect RDD will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Reddcoin (RDD) price, which will give us another point of view to consider:

Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies. According to them, RDD is expected to go down to $0.0011 in one year. This price prediction is very neutral as the current price is in the same order of magnitude as well.

Digitalcoinprice gave a slightly positive prediction saying that by 2020 end, RDD might be 5x more valuable than now – $0.006 per coin.

Mega Crypto price predicts that RDD might reach $0.003 by the end of 2020, meaning it will gain 270% to the current price.

Cryptoground predicts that RDD might reach $0.0035 by the end of 2020. They even added their version of RDD price prediction 2024, where they stated that RDD might reach $0.017 by 2024.

The post Reddcoin Price Prediction 2020 | 2023 | 2025 – Future Forecast for RDD appeared first on CaptainAltcoin.

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