Reddcoin will hit $1 soon.. Let me tell you why and how!
What Is ReddCoin?
ReddCoin is a crypto currency that is used as a tipping currency on social platforms such as Youtube, Reddit, Facebook Etc... Think of it like SBD on Steemit. Bassically a way to earn from your viewers. If someone likes your content they can donate to your RDD (Reddcoin) wallet which can be saved or traded for other currencies such as BTC, USD or other Alt coins via an exchange.
What Will Drive Reddcoin To The Moon?
Before the end of summer ReddCoin intends to drop their chrome extension ( Redd ID) which will be the tool used by content creators in order to trade and donate coins back and fourth seamlessly.
Redd ID will allow users to associate a username with rich information including public keys and social network identities.
With Redd Id ReddCoin intends to eleminate the problem of remembering someones hash key or wallet number ex:(51gh738hg6tgshbhsj73kakkahsbyao6253) by replacing it with a username choosen by the creator ex: TheWolfOfCryto, This will make tipping between cretors and fans as easy as possible.
The Math Behind It All:
ReddCoins current price: .00191731
Current Circulation: 28,555,216,545 RDD
Market Cap: $54,554,741
What would it take to see $1?: The market cap would have to multiply by 521.56 times
For ReddCoin to be a coin worth a .75 plus it would have to land the number 3 spot on CoinMarketCap overtaking Ripple. Rdd would need to double Ripples current market cap and thats just to get to .75. I am not saying this is impossible just doing the math. We have seen major increases in coins before and I have a feeling that RDD is another great coin that can jump very soon.
With the soon release of the highly anticipated Redd Id platform/extention people will surge towards Rdd hiking the price to the moon. We may not see a dollar quite yet but I see .10-.25 being achived before christmas time. This would be huge for all Reddcoin holders (like myself)
Once Rdd gets noticed by big time content creators on Youtube and other platforms the price may skyrocket even more. I am not worried about the huge supply of coins simply because the fact that there are billions of people on Facebook and Youtube alone who are more than willing to invest to help out the people they watch on a daily basis. Split those coins between them all plus big time whales buing huge amounts and you have the ability to send RDD past the moon.
Reddcoin V.s. SBD & Steem:
With Sbd and Steem on the forefront of the social tiping/curating world we can see three different outcomes. First, we can see Reddcoin dominate the other social platforms while Steem & Sbd Dominate Steemit as they already are leaving them both in their own lanes helping content creators make the best of both worlds. Secondly, we can see Reddcoin die out due to Steemits cult like following and its long awaited Redd ID not being seen as valueable. Thirdly, we can see Steemits possible demise due to any social network becoming a profit zone for everyone involved. Some say that steemit is limited due to whales and huge stake holders only supporting eachother leaving the minnows to see nothing more than cents on the dollar per post. This creates a bubble like atmosphere that can become very volotile.
My opinion:
I love Steemit and see no world where it cant become bigger than it already is. As long as you produce great content and stay diligant you will be discovered and money will be made. For Reddcoin I am a long time investor and hope to see it shine in its own respect. I would love to live in a world where I could make the most money between all of my favorite platforms. Do I see ReddCoin hitting $1 ???? I do, Just give it time.
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Following! Up voting too! I am holding my RDD! Thanks!
: )
HODL
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first Redd Id release and the price 0,50$ later masive buy and price 1$ later other exchanges listed RDD 3$ later coinbase listed RDD 10$, 1 year later RDD 100$
How do you feel about RDD now ?
Thank you for sharing
They might... IF they ever release ReddID first... they should have released it months ago...
The team is having a real hard time getting it to work. Let's hope they do soon because I'm a holder as well.
I read somewhere that it is completed and willbe released in August some time. Hope that its right... I think that integration could be hard but with time it will fix itself....
The release alone will create a big price bump. Let's hope they'll release sooner rather than later. Integration with other platforms will be difficult yes. Don't have much faith in that...
Thats where the browser extention with the personalized usernames comes in... May never be truly adapted by platforms like youtube as an easy "buton" donation but the browser extention will allow a user to send a donation to any given username with ease. So say Johnny Youtuber posts a video telling his subscribers where and how they can donate with the extention... They do so and spread the word.. No integration needed.
If it's not integrated or pushed by the platform than not many people will use it. We are still very few who actually know about this. Might take of though... who knows.
Thats the beauty of a big time youtuber such as Philip Defranko or Fusey Tube finding it and making it go viral!
Philip might! But Fousey... I mean... does he even lift? ;)
This post received a 2.0% upvote from @randowhale thanks to @thewolfofcrypto! For more information, click here!
I Hope We will see great jump in the price :D
I feel it.....
More green
I love it
In support of Reddcoin https://steemit.com/crytocurrency/@ramone/reddcoin-up-the-keyboard ;)
Hi, I'm @stea90 the founder of the facebook Steemit community group, through which I've reached your post. Thanks for signing up.
Post nice and interesting, you have my upvote, if you want to rejoin it would be great for both, thanks.
Love the support and the group!
I have been thinking about buying Redcoin for some time, and almost bought some yesterday. It could also be a hedge against SBD and Steem :)
Thanks for this reminder, I will be buying some later today :)
Glad to help!
@wolfofcrypto I've been looking into ReddCoin for a while now. Havent pulled the trigger yet but this article actually gives another perspective to my initial analysis. The traditional advertising models are not cutting it anymore for the content creators.
Platforms like Steem and Live.me are changing the model by allowing content creators to moentize their stream without having too much advertising clutter.
Hello there, I liked your content and the details you presented about RDD. I was reading about this coin over the last few days and your post came in at the right moment. I like the idea behind this coin. I just started writing articles and this will surely help people like me. Can you let me know where we can post articles to earn this coin?
Also, started following you on Steemit, if you could also join me, we can be of help to each other.
Keep up the good work....looking forward to more details on this.
Have a nice day.
Lezz
Hey! Thank you for your opinion about Reddcoin .
Im holding it too ! And I believe it will be about 1$/RDD worth .
Great piece. Thanks for your work.
I hope so 30 Billion marketcap that's bigger than Snapchat and Twitter combined
I am a major fan of RDD. Being a content creator and fan of many other content creators, I see Reddcoin being there to supplement earnings via social media. Keep up the good work!
Solid blog. Really appreciate you bring this to our attention. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. An interesting website I found: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. For example: https://www.coincheckup.com/coins/Reddcoin#analysis To see the: Reddcoin Investment analysis.
aaaaaand....... its gone!
I went ahead and decided to buy some Reddcoin for the first time this weekend. Making a move and still bargain price. It might not go up to what you thought but still could make substantial progress.
hit 0.01$ ,waiting for 100x :)
Still Holding !!!
Reddcoin is surging!
How long do I have to give Reddcoin to hit $1 ?... I mean, it has been 8 months already...
The world may never know!
cool followed :D