Redd RDD Coin Analysis and Markets in 2020

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Last modified on 12. October 2020

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Quarters

Quick Facts

Redd is a relatively large cryptocurrency. It had a market capitalization of over US$ 25.6 million on 1 October 2020, accounting for less than 0.01 percent of the market for digital currencies.¹^|2 The ticker symbol is RDD.

The user known as ReddCoin introduced Redd on 20 January 2014 at bitcointalk.org. The tracking of real-time trading data by coinmarketcap.com subsequently launched in March 2014.

http://reddcoin.com

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of Redd during the first trimester of 2019 equated to just under US$ 233 k per day. Over the same period the year before, this figure came to over US$ 16.3 m. In other words, the previous/prior volume growth has almost entirely receded.

For the first trimester of 2019, the average market capitalization equated to nearly US$ 36.2 m. This figure came to nearly US$ 284 m during the same time frame in the previous year. Market capitalization dropped down accordingly by 87.3 percent.

Trading Price

The all-time high of Redd in 2018

Redd RDD Price analysis generated by coindashboards.com — Price analysis for the most important moments in Redd’s trading history (RDD)

The Redd currency reached a high in January 2018 at US$ 0.032391. At this trading price, the coin reached a market capitalization of over US$ 755 million. This put Redd in the ballpark of certain other digital currencies, such as Electroneum, Golem, Augur, Voyager Token and Veritaseum, among others.

Redds all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 277 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.

Redd (RDD): 0.755 bn US dollars
Bitcoin (BTC): 277 bn US dollars
Apple (AAPL): 890 bn US dollars
VW (VWAGY): 108 bn US dollars
Date: 7 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Redd stood at US$ 0.001248 with a market capitalization of over US$ 34.4 million. In comparison with the highest trading price described above, this represents a drop down to approximately 3.9 percent.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The Redd-Coin is not created by mining. It has no maximum number of coins, unlike Litecoin, for example. If you are interested in the source code, be sure to also visit the GitHub page.

Current Redd transactions can be tracked using this block explorer, which also shows block height and other recent metrics.

Further details about Redd, including the white paper and other links to source code, community forums and social media channels can be found on http://reddcoin.com.

Markets

Redd RDD Market analysis generated by coindashboards.com — Markets on which Redd (RDD) can be traded

EUR

There are a number of platforms where you can buy or sell Redd, including Bitvavo and LiteBit.eu.

USD

The trading platforms for buying or selling Redd in USD are YoBit and Altilly.

BTC

The trading platforms for buying or selling Redd in BTC are Bittrex, Crex24 and VCC Exchange, among others.

Social Links

Stop by the following social media channels to speak directly to the Redd team:

^{1. Or 0.0173 percent, if omitting Bitcoin.}

^{2. Read about our sources}