2021-10-5 02:29 |
Reddcoin Intro
ReddCoin is a “social currency” that gives holders the ability to reward creators of content on social media platforms like Twitter and Reddit with RDD coins. Volunteer developers are reportedly targeting other high-profile social media sites including Facebook. It boasts features like linking a Redd ID to other social networks, sending tips with one click via the Google Play Store and more.
However, this project doesn’t want to create its own social network but rather wants to integrate itself into already existing platforms like Facebook, YouTube, Instagram etc. Basically, with ReddCoin people can, instead of let’s say liking someone’s post, deliver them their daily dose of dopamine by tipping them with cryptocurrency. This will both satisfy the network user’s need for attention, as well as pay him/her for the quality content they provided.
The project has several identifying features. The Proof of Stake Velocity is a unique concept which they developed; it represents a NEM-like algorithm which values the “velocity” or usage of tokens, thus giving people who contribute the most by being active with their RDD the rights to govern the network. Network’s native token has the RDD ticker and is classified as a utility token, which absolves it of any threat of being called a security. The currency has its own blockchain and a wallet called ReddCoin Core.
Captainaltcoin’s RDD Price Prediction 2021 The whole crypto market is currently on the verge of a real bull run. There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap. Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.Below is a tabular overview of how will RDD develop in the short-term (for the next 90 days), according to our prediction model:
This is pretty much a dead project so stay clear of it.The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will RDD be among those 5%?
Very low, almost zero probability of that happening.
The Pareto Distribution is a pervasive phenomena observed in nature, and it describes the 80/20 rule where 80% of the women have sex with 20% of men. 80% of wealth belongs to 20% of the population. 80% of your results come from 20% of your activities. At least 80% of altcoins will fail and RDD seems to be in that group.
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
Reddcoin Price Prediction 2025 – 2030 – 2040Our prediction model sees RDD faltering in 2025:
$ 0.00RDD price in 2030 & 2040 will be zero as we don’t see a bright future for it in the distant future.
Read also:
Sia Coin (SC) Price Prediction Orion Protocol Price PredictionKava.io Price PredictionTelos Price PredictionTelcoin Price PredictionTerra (LUNA) Price Prediction | LUNA Price ForecastLinear Finance Price PredictionYearn Finance [YFI] Price PredictionThe post Reddcoin Price Prediction 2022 | 2023 | 2025 – Future Forecast for RDD appeared first on CaptainAltcoin.
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