RDD (Reddcoin) as Large-cap Coin is 82nd in the 2100NEWS ranking. RDD has Poor quality of the order book. The average quality of the order book for large caps members of the NWSL100 index is 10.4. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.
Reddcoin is the first Social CryptoCurrency. RDD has been launched in 27 exchanges.
RDD as Large-cap Coin is 82nd in 2100NEWS ranking (after Index Review of 27th September 2019). It is an Index member: NWST1100, NWSL100, NWCo100.
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 6.8, (Average for Large caps: 10.4)
Over the past week, the average market cap was $29.6 million, average daily volume was $161.7 thousand.
To make appropriate peers comparison we gauged the RDD (Reddcoin) coin with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the RDD vs. NWSL100, in the middle of the chart is original RDD price, at the bottom of the chart are NWSL100 and correlation between RDD and NWSL100. On average (purple area graph), the relationship between RDD and NWSL100 has shown ups and downs, it was oscillating (+19%, -24%) around the trendline. However, the correlation graph gives us an explanation that RDD was moving in the same direction as the NWSL100 (stong correlation) eight weeks, representing 60% of the time. For the rest of the time (the last two weeks in August and the first three weeks in September), its moving was not correlated with the NWSL100. Now the RDD /NWSL100 ratio is 8% higher as in June, 10-days EMA is 18% higher. So, the last four months, RDD has been a good representative of the NWSL100 index.
The circulation supply is 29,338,641,210.26 RDD (at the time of this article’s writing).
Volunteering, Transparency, Confidence are the adjectives describing Reddcoin. After five years of existence and operation, the Redd Paper (White Paper) was re-written in August this year. With that, they announced a fork to adjust and enhance the core protocol for the end of October 2019. In addition, according to the roadmap, they have set themselves quite a few tasks for the coming months. Their dedication to the project is reflected in the results they have achieved over the five years.
About Reddcoin – what they do
Reddcoin is the original social network tipping, content creator and micro-donation cryptocurrency. Reddcoin (RDD) was originally forked from Litecoin in 2014. The products currently on the Reddcoin blockchain include: Redd ID, the Reddcoin Core Wallet and Reddcoin POS. The Reddcoin API supports social platforms such as Reddit, Twitter, and Twitch. Accounts created on the Reddcoin wallet can be linked to Twitter, Twitch, and Reddit accounts. Upon downloading the ReddID browser extension, users can “like” content by entering the username and sending a micropayment. RDD is mined by the ReddID wallet through Proof-of-Stake-Velocity (PoSV), which incentivizes both ownership (stake) and activity (velocity).
Reddcoin has two main objectives: (1) to concretize and quantify one’s intangible asset of “social influence” and (2) to facilitate social interaction especially for content creators within and between social networks, both on- and offline.
Reddcoin was formed through the hard work of volunteers. The team is made up of hardcore developers, enthusiastic designers, social media mavericks and crypto-community champions.
Exchanges: AllstarBit, Altilly, BitBox, Bitcoinmeester, BiteBTC, Bitladon, BitOnBay, Bitvavo, Bittrex, Bleutrade, CoinExchange, Coinspot, Crex24, Cryptofacil, C-Patex, Cryptopia, Domitai, DynX, FreiExchange, Hikenex, KoinOK, LiteBit.eu, Novaexchange, TradeSatoshi, UPbit, Vertbase, YoBit.
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens RDD.