Circulating Supply 28,530,798,913 RDD
Price: 0.00000111 BTC $0.003126
Redd coin claims the market cut on sending money and tips over facebook, twitter and other social media.
In my opinion the price reached it's upper limit.
RDD coin cas 77 times more circulating supply than PINK coin and a 1/8 price compared to PINK.
Putting an equal between this 2 coins it should have 1/77 the price of PINK , that's about 11-12 satoshi.....yet it's priced at 111 satoshi, that's 10 times more than expected price.
So, let's say they are not equal. What is RDD offering more tan PINK?
- sending tips on quality content on social media. I think STEEM already does it better and is much much stronger. You can share your content from Youtube or whatever on steemit.com . So I don't buy this.
- sending money to friends or family via twitter or facebook etc . Come on.....how many times did you feel this need?
Yes, social media is a big market, but do people feel the need to send money over facebook, now that we can have mobile phone wallets ?
Remember Stellar Lumen was aiming for the same market, to be able to send money over facebook. Did you see how fast DigiByte rocketed passing by Stellar's price? And yes....they have about the same Circulating Supply, about 9 bilion.
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I used to have several btc of redd in the early days, before the pump and dump in mid-2014. I think that Steem has done what they were hoping to do (and why I'd bought in) but far better. I'm happy for them that their hard work has paid off to some extent with this rise, but worried that they may see a large sell off like the last time.
You mean Steem sell off? Very possible, as there may be a lot of wales that will dump now that the price is up. But this will be countered by a lot of new user that now entered the platform and are very interested to buy steem to power up.
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