Reddcoin is widely regarded as a social media currency with the major goal of the crypto to become the top cryptocurrency that would be used on social media. However, there still remains a long way to go for the cryptocurrency to achieve total dominance.
Reddcoin is known in some quarters but would have to ramp up its publicity to create awareness among a larger field of users. Social media is one of the most innovative niches since the turn of the century with popular platforms such as Facebook, Twitter, YouTube boasting over 600 million users worldwide.
Reddcoin has many innovative measures and has made inroads in creating brilliant innovations particularly the RDD IDD. Which will enable users to link multiple social accounts to a single ID making transactions across social media faster.
Reddcoin has shown good promise on adoption with the currency already used on Telegram which seems to be a home for cryptos. Also, the coin is also used on Reddit as users can tip others for comments using RDD.
Facebook Integration Could Be The Game Changer For The Coin
A step in the right direction is the Twitter accessibility, users can tip and be tipped on the popular social media platform. This has open possibilities for the coin’s growth as Twitter has over 500 million users which can be harnessed with proper strategy.
The lack of Facebook adoption is one of the problems Reddcoin will inevitably face as the coin is not available on the largest social media platform at the moment. Facebook is a platform ideally suited to RDD with a large membership base.
Furthermore, Facebook is famous for letting users create pages and groups which can have far-reaching possibilities for ReddCoin. There has been an online petition for the crypto to be integrated to Facebook and that would be a big news if it can be achieved in 2018.
Reddcoin price $0.003 makes it attractive to buy and its high circulation makes it ideal for microtransactions and tipping. Which could be an advantage to the ambitious coin as social media is not really a place known for high-value transactions.
ReddCoin rivals have also begun to realize that the social media is a potential goldmine. For example, some crypto communities are known to tip users comments with XRP. Also, XRP has a guide on how to use the coin ’s bot on its website.
Nano coin also has a tipping service whereby users can tip each other on twitter, other coins are also beginning to explore this opportunity. This means that Reddcoin faces a race to dominate the social media sphere.
Reddcoin (RDD) Currently Poised To Lead The Social Media Niche
Reddcoin has many things in its favour to enable its goal to become the global decentralized social cryptocurrency. Its proof of stake velocity protocol eliminates the problems of the traditional mining systems used by Bitcoin and many altcoins that consume lots of energy.
Its tipping system is highly decentralized with peer to peer transactions directly from supported social media to anyone in the world.
The Redd-ID is the true selling point linking all supported social media accounts to a single ID. Thus eliminating the need to use different usernames for each account as all are linked to a centralized location.
The ReddWallet is also one of the secure wallets and has worked well despite its initial synchronization issues. Equipped with different social features which improve transaction ReddWallet has managed to tick the right boxes in its functionality.
Reddcoin (RDD) has been dishing out different upgrades to its technology trying to improve on the issues complained by users.
Reddcoin (RDD) Investors Buoyed By Recent Partnerships
Partnership is an important lifeblood of cryptocurrency since it is common knowledge cryptocurrency market fluctuates widely major partnerships tends to push coins to value up.
Reddcoin (RDD) has achieved several partnerships, the coin recently announced a collaboration with Aircoins, the biggest Cryptocurrency Augmented Reality platform. Earlier in the year, Reddcoin had also agreed with top crypto services company Investa to produce RDD backed debit and credit cards.
There have also been other partnerships which have given investors and users the hope of holding the coin, and that the crypto can steadily move up any time.
Reddcoin (RDD) currently occupies the 66th position on total market cap value; however, the 28billion RDD in circulation shows that the coin is beginning to gain in popularity.
It remains to be seen how Reddcoin would rate by the end of the year, but one thing is certain the crypto has the capacity to achieve its goals if strategic steps are taken.