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RE: Redd ID Rumored Release by August 1st
I just bought in as well. As soon as some bigger players start taking notice of how big an update this is, i think it'll sky rocket! =)
I just bought in as well. As soon as some bigger players start taking notice of how big an update this is, i think it'll sky rocket! =)
You think it could hit a dollar?
Coin supply is far too large for that to happen anytime soon.That'd make it's Market Cap larger than ETH. I'm eyeing it hitting $.01 which would be like a 600% gain =).
I thought that too, but in a market that is so heavily affected by hype it really has me wondering. If everybody starts snatching up Reddcoin at the same time when redd ID comes out it could artificially boost the price above what it should be. Maybe not a dollar but definitely more than what the market cap would dictate. At least for a short while before it corrects.
People put too much stock in market cap which keeps changing and growing. As most of you know Redd has went well above $.01 and $1 will happen as soon as or shortly after Redd ID is announced as long as there are no major issues associated with it. People don't understand that only %1 of those who want to get into crypto are in so the market cap is about 99% smaller than it could be.
I hope so! It was up to like $0.025 just a week ago. It's back down to a penny now, but I think Reddcoin will be one of the first coins integrated into any existing large scale wallet applications for existing social networks when it does happen.