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Reddcoin price has fallen around 40% during the past 10 days. The fall in its price has coincided with the rise in bitcoin price that has been prominent since the beginning of March.
By looking at Coinmarketcap’s chart (look at the below chart), we can better spot the drop in reddcoin price that started on the 28th of February. As we can see on the charts, it has been mostly trading between 8 and 10 satoshis during most of February; however, at the moment reddcoin is trading between 6 and 8 satoshis. Accordingly, if you bought reddcoin at 10 satoshis last month, at 6 satoshis, you have now lost 40% of your invested amount.
Why is the price of reddcoin falling despite the fact that bitcoin price is actually rising? Well, the answer for this question is relatively hard to find, but there is a rather logic theory; reddcoin is mostly bought with bitcoin as there are very few ways to buy them with fiat currencies. When bitcoin price rises, a considerable percentage of altcoin holders sell their coins for bitcoin. I think this is what has been happening with reddcoin during the past 10 days or so. A large amount of reddcoin was pumped into the market in exchange with bitcoin which is the most probable reason why its price dropped.
Although reddcoin was one of the altcoins that had a rather stable price, the recent fall can lead to an increase in its volatility once and for ever. If you bought some reddcoins a few weeks ago, my advice for you is to hold on to your coins for a few weeks more and don’t sell them at today’s price. Reddcoin is apparently oversold and its value is really more than 8 satoshis, especially that it is backed by a strong community that truly believe in Reddcoin.
The Cryptofiend 
Lol a few satoshis for a dead coin. 40% of almost zero is well almost zero. How is this news?
The writing is on the wall. The Developer thinks this coin is his ”hobby” and its for his spare time. His idea for ReddID is a solution for a problem that no one wants to solve. We can send our money to anyone..we dont need to know who they are..and if we need to we can find out without subscribing to some arcane ID system. Laudeny has had his say..and now the marketplace is having theirs. This coin will be at 1-2 Satoshi and stay there. Larry Ren..Jonathon Pattanaude…well done..you had a good thing going and you ruined it.
Today the price on Cryptsy is 0.00000004 Satoshi. We still need to drop 50% to meet my prediction from 60 Days ago. Reddcoin is dead in the water.
All altcoins are fluctuating wildly at the moment because no-one knows where to keep their investment. The adoption of growth in Bitcoin is so slow it is stalling overall uptake. There might be some big names “accepting Bitcoin” but they are not putting their money into it.
With the Bank Of England announcing they are thinking of creating their own digital currency the only wait Bitcoin can keep advancing is if supermarkets accept it and people can get their wages paid with it. These are two huge factors that need attention and quickly.
Reddcoin, like other high coin count alts will prevail, but may take the longest to gain value because their abundance and low price means people will leave until last to buy, having said that I am just about to buy another million because I believe at the end of the day the market will adjust in altcoins favour over time.
Reddcoins price decline is a result of Lead Developer “Laudney” in online discussions he has made it clear that Reddcoin is a ”hobby” and none of the projects have a realistic or indeed any timeline. In comment’s he made on the coins website he made it clear that he does not care about ”speculators” and if people don’t like the way the development of the coin is being handled then they can sell up and leave. His answer may have shown people that inspite of the claims of a ”professional development team” the coins progress is soley dependent on him and he has other projects and Reddcoin is not a sole priority.
Reddcoin is heading to 2 Satoshi and deserves to. It’s moribund and lacklustre and will continue to fall in price until its delisted from all Exchanges. Cryptsy will be the first to move and at that point the coin is dead.. Fact of the matter its a DEAD coin now.