ReddCoin (RDD) News – ReddCoin (RDD) surges by 83% in last 1 month; up by 26% today

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In the last one month, there have been many cryptocurrencies which have increased significantly. However, many of the cryptocurrency investors just actually focus on the mainstream cryptocurrencies. There are quite a few Altcoins which have increased significantly as well. One such Altcoin is ReddCoin (RDD). It has not just surged in the last one month but is up by 26% today as well.

ReddCoin (RDD) surges by 83% the last one month; up by 26% today:

ReddCoin was trading around $ 0.0027 a month ago. The total market cap a month ago was around $ 77 million. Currently, it is trading around $ 0.0049. The current market cap is around $ 141 million. Just, in a matter of one month, it has surged by almost 83%.

When you look at the performance of ReddCoin (RDD) in the last 24 hours, you will realize that it is up by approximately 26%. This clearly indicates that the positive momentum is here to stay in ReddCoin (RDD). It remains to be seen whether it is able to surge from these levels or not.

With that being said, due to the surge in ReddCoin (RDD), in the past 24 hours, it has now ranked at the 50th position when it comes to the market cap of cryptocurrencies. Thus, it has been able to break in the top 50 as well. This will ensure that it is able to gain more limelight from the investors as well. As a result, it will actually become much easier for ReddCoin (RDD) to rise even further. As the investor’s interest increases, the volumes will increase as well. With the increase in volumes, it will be propel higher as well. At the same point in time, ultimately the fundamentals of the cryptocurrency will prevail.

When you look at the cryptocurrency market today, you will realize that with the rise of 26%, this Altcoin is actually the biggest gainers today. This clearly indicates that the momentum is here to stay at least for the shorter term. Normally, volumes on the weekend are on the lower side in cryptocurrencies. However, when it comes to ReddCoin (RDD) the volumes are on the higher side over the weekend. This clearly indicates that some of the investors are anticipating a follow-up on the move as well. In the coming few days, it would be a good idea to keep a watch on this Altcoins in order to find out whether it can increase further or whether it has made the intermediate top.

With that being said, the mainstream cryptocurrency markets are stabilizing around these levels. There is a positive bias. However, Bitcoin (BTC) is stagnating around the $ 6600 mark. On the other hand, Ripple (XRP) is surging ahead and is now the 2nd most valued cryptocurrency. One thing which is for sure is that with the surge of 83% in 1 month and 26% in just last 24 hours, redd coin has surely got the interest of the investors.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

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