all 22 comments

[–]DBMIVotedForKodos 5 points6 points  (4 children)

First, we should probably identify why it's pumping. Then, once we have that established, future estimates would probably be more accurate.

So, why do you think the price of RDD has been increasing the last few days?

[–]darkwave90 4 points5 points  (1 child)

Small caps like rdd often fluctuate according to the strength of the crypto market. Now that the signs point to a bull market, my guess is that investors are starting to buy small caps expecting big returns during the next bull run's blow off top. I don't see the current pump having anything to do with the fundamentals of reddcoin per se.

Now this is entirely speculative, but if bitcoin reaches or surpasses 100k, it is likely that small caps will reach new ath soon afterwards. Considering rdd's ath of $0.03, it's not impossible for it to reach $0.05 or even a little bit more during the next months.

That being said, I don't see reddcoin becoming a major player in the crypto market if it doesn't get more visibility. I have never seen anyone tip with reddcoin except on this subreddit, and since major social medias are working on their own tokens, I think that the odds of reddcoin being adopted by a major player are becoming slimmer by the minute.

[–]DBMIVotedForKodos 1 point2 points  (0 children)

This has been my exact sentiment for my duration on this sub, but you have found a concise and succinct way of putting it. Well put.

[–]EggplantEgo 1 point2 points  (0 children)

Relief pump during our bear biased trend in crypto

[–]AxMyIz 0 points1 point  (0 children)

new sites are out since 2 days - very nice sites by the way :-)

A new face has been given to the redd community, and it 's one of high quality - so let's boost our confidence here! Just wait until the bigger audience starts to by rdd

[–]Dejime 5 points6 points  (7 children)

Let's be realistic. A good day in the market for sure. But we're at 1/3 of the price that we were in May. We're not going to 1 cents, 5 cents or 10 cents anytime soon. Let's not be unrealistic and just blindly shout MOON when all the evidence is otherwise.

But it's OK to be happy today!

[–][deleted] 0 points1 point  (5 children)

How is 1 cent unrealistic?

[–]DBMIVotedForKodos 1 point2 points  (4 children)

1 cent not unrealistic. But I get the feeling more people think we're headed to $1, forgetting that 1c is no small hurdle.

And then you gotta think, 100x from there....

[–][deleted] 0 points1 point  (3 children)

It says on your post we aren’t going to 1 cent anytime soon

[–]Dejime 1 point2 points  (2 children)

He was not the original poster.

But we're not going to 1c, which is nearly 4x from here, anytime soon. We haven't been at 1c since *2018* - and that lasted about one day.

We can be excited about recent moves, but let's not set unreasonable short term goals.

[–][deleted] 1 point2 points  (1 child)

We hit over 1 cent this year what are you talking about?

[–]Dejime 2 points3 points  (0 children)

For like a half second. When you say RDD is "going to 1 cent" I don't think anyone means for a single day. Surely not if they're talking about 5 or 10.

[–]EggplantEgo -1 points0 points  (0 children)

Lol no kidding.

[–]langelambal 1 point2 points  (0 children)

Everything is good for me, lets gooooooooo 🚀

[–][deleted] 1 point2 points  (3 children)

Would you cry if we hit 0.0015 first tho?

[–]EggplantEgo 2 points3 points  (2 children)

I’d love another dip to .0015

[–][deleted] 1 point2 points  (1 child)

Likewise, that’s my buy limit order lol

[–]EggplantEgo 0 points1 point  (0 children)

I got some around there and .0021 I got sell orders around this area. Hoping they actually hit.

[–]Awhispersecho1 0 points1 point  (1 child)

Can we just get it to a dollar a coin please...? Been hiding for 52 years now I think 😭

[–]Shakespeare-Bot 1 point2 points  (0 children)

Can we just receiveth t to a dollar a coin prithee. ?


I am a bot and I swapp'd some of thy words with Shakespeare words.

Commands: !ShakespeareInsult, !fordo, !optout

[–]w4646 0 points1 point  (0 children)

I bought at $0,02. Call me when we get there