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Reddcoin

7 billion Tether (USDT) redeemed as stablecoin supply decreasesFollowing the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supply of stablecoins has decreased. Over the past month, the total supply of all stablecoins combined declined by more than 10 billion (equally +$10 billion), even when excluding the failed TerraUSD. According to Coinmetrics, the tokens were directly redeemed by the holders through the treasuries of major issuers. The largest stablecoin issuer Tether Inc. recorded the most redemption of all centralized stablecoins, as USDT supply dropped by approximately seven billion on Ethereum, Omni Layer Protocol, and Tron Network. The decentralized stablecoin DAI dropped by over 40%, mostly due to liquidations of debt positions.
COINBASE:USDTUSDLong
by Thorsten2211112
$RDD/BTC preparing$RDD is another old coin with an insanely good looking chart with volume on the rise. Last cycle RDD went from 1 satoshi to 200 and this time no one should expect this to differ much. To get a better view on the lower levels of the chart. The 31 satoshi is on the 0.764 fibline of the first fibset, historical strong level playing as both resistance in an uptrend and as a support in a downtrend. Once this level is cleared RDD is ready to take it a gear up. Next up is the 50 satoshi level which shares 2 fib levels, the 1.272 of the last cycle and the 0.236 of the new fib pulled after the cycle from the at the time local low made at start of 2020. Up next another less important resistance might arise around the 80 satoshi level where the 0.382 fibline sits. To get a better view one has to zoom out which provides a glimpse into further potential resistances and targets. Around the 100 satoshi line are again 2 fibs, the 2.618 from the old cycle and the 0.5 line from the new fib, hence this would be my first area for taking some profits. Up next is the 4.236 fibline at 166 satoshi which ultimately acted as a top last cycle (the price did spike through it but it proved to be a hard enough resistance point to start the trend reversal) which makes it another great level for profit taking. Finally we have the 2.618 fibline of the new fibset sitting at 500 satoshi which would be my target looking for a new all time high in this cycle.
Long
by OZmaster
4
RDD Ready for moonshot! See the COMPARISON!!! I did another comparison on the monthly chart, but RDD is playing EXAAAACTLY the same as 2017. The Monthly should indicate that we will pump this MARCH 2021! If we compare to 2017, from the start of the first increase it was 50 days until the BIG PUMP! 29 Mar 2017 until 18 May 2017 = 50 days. Comparing that to 2021, it will be breaking out March 20, 2021. It can take a little longer until early april. In 2017 RDD pumped 5200% 18 May 2017 until 4 June 2017 = 17 days pump. If we would pump 5200% in 2021 it would mean we will be seeing a 300 sats + RDD ! Please see the pictures below... Fill your bags at 6/7/8 sats, this is a great bottom for re-accumulation. twitter.com twitter.com
Long
by davevanbeeten
6
Reddcoin, Cycle repeating 2017? - 10x potentialReddcoin appears to be doing the same fractal as the 2017 adltseason (May 2017). After the 2014 Rally and the 2016 relief rally it went down until February 2017. March and April 2017 where the first slight green candles. The 3rd candle (May 2017) was the big increase. Currently Reddcoin is showing the same pattern. January and February 2021 are giving a slight green candle. The next candle (March) should be a big green candle. Targets 80-120 sats (at least) 120 sats is potential 10x from now. Enjoy!
Long
by davevanbeeten
8
Reddcoin cycle change comingThe Reddcoin market cycle began it's turn on May 11th with the disbelief spike to 26 sats. Rdd's first cycle peaked, then had a break out 1169 days later. The current cycle hit's the same mark today at 1169 days away from the first peak of the cycle, and is coming out of the depression stage of sub 10 satoshi and is currently sitting comfortably atop that as support. The yellow base support line on the chart began Feb 27th, 2017, and is right in line with holding up the current emotional 10 sat support at the end of the downtrend line that will break before the end of the year. With a market cap of roughly $40M as of today, and a 24h volume of 3.078 bitcoin, a 10x to 400M isn't as far off as you may believe. Rdd is still lacking in major exchange listings, any of which listings could definitely be a catalyst for the price to go up with demand. Bittrex is the main exchange, and looking at the order books, it would only take 450 Bitcoin to pump Rdd up to 120 satoshi right now. A $5M whale move could 10x the MC in seconds up to $400M, which would of course attract enough retail money to buy up the bags that were just set atop a 10x for about 1.5% of the new MC. Created in 2014 Rdd is a benefactor of the Lindy effect where it's longevity will add fuel and trust to another run. Also, 43 of the top 300 wallets received their first coins in 2020, accumulation has been underway. Staking rewards, now tied to total number of coins staked, is currently around 10% and can't go below 5% with the new posv2 staking reward system. I first entered Rdd at 8-9 sats in February, and added another 33% of my previous total on top of that today at 12 sats. Targets for profit next cycle: 38 sats 82 sats 120 sats ---------- less likely but possible, 160 195 440 Good luck, and stay safe. p.s. I see btc firmly claiming 14k before year's end.
Long
by black_squirrel
10
ReddCoin (RDD) Might Be Ready For Round 2... Huge PotentialReddCoin (RDDBTC) ended its consolidation in May when it produced a major breakout growing by 200%+. We had the classic retrace/correction and now we are seeing the potential for another jump. With bullish altcoins, we can look at a higher high the next time this low volume altcoin trading pair takes off. The first round hit 26 satoshis... The next round can hit 38 satoshis or more. This is Alan Masters... Thanks a lot for your support. -------------- Previous chart May 11 -------------- Namaste.
Long
by AlanSantana
2
ReddCoin Can Take Off Any Day Now! [RDDBTC](309%)ReddCoin (RDDBTC) is now trading above MA200. We normally use EMA10 to gauge the potential of a trading pair, either bullish or bearish, above or below this level... MA200 is 20 times stronger than EMA10, having prices trading above this level (black line on the chart) opens the door for very strong bullish action... Here is a full trade signal for this altcoin pair. ------------- Pair: ReddCoin | RDDBTC BUY: 10-12 TARGET: 1) 13 2) 15 3) 17 4) 19 5) 21 6) 22 STOP: Close weekly below 8. ------------- Remember to hit LIKE for more trades. This is not financial advice. Namaste.
by AlanSantana
10
Its SO PERFECTThe move is going to come like a bat out of hell/China...lol Too soon? well anyway this is a fantastic set up I feel is necessary to report as its getting ready to set itself up with another massive pump that will last anytime from one week to two weeks depending on how crazy things get for this first wave of altseason in this coming crypto bull market. Outstanding looking chart. Im in... Im sure that 2000 BTC that was JUST moved into Binance was designanted to go into the ALT market. God Speed Gents, Mr. Lucifer.
Long
by MrLucifer7
6