InvestorsObserver gives ReddCoin a weak short-term technical score of 2 from its analysis. The proprietary scoring system considers the coin’s trading history over the past month to determine the strength of its short-term technicals. RDD has currently traded better than 2% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
Trading Analysis
RDD is currently $0.000048 (22.77%) above its 30-day low of $0.000209212 and -$0.000195 (-43.16%) below its 30-day high of $0.00045191. Additionally, RDD is under its average price of $0.000276533 over the past month of trading with its current price of $0.000256854. Overall, the recent trading history of ReddCoin suggest that traders are currently bearish on the coin.
ReddCoin’s market cap of $7,807,652.62 is relatively average for a coin. The market valuation for ReddCoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and RDD sits underneath that mark but remains above $100 million in market capilization. Meanwhile, RDD’s average volume is average with $130,767.40 worth of the coin traded over an average 24 hour period. The volume for RDD is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, RDD’s volume is below its usual with $18,850.61 exchanged.
ReddCoin’s subclass Content: Crypto projects with a focus on producing additional content for users invested into the underlying ecosystem. Content creators can use blockchain technology distribute content to a group of subscribers or investors.
Summary
RDD’s recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term.