Some considerations on Reddcoin future

Let’s divide all cryptocurrencies into three categories: 1st tier currencies have good developer support + good community support + good institutional support + good media support. 2nd tier currencies have good developer + good community support. 3rd tier currencies have nothing.

People don’t come to the cryptocurrency market for a certain currency. They search for a currency to use and invest. Remember the Pareto rule that 80% of the market is held by a few strong actors. In our case it would be first tier currencies, like bitcoin, ethereum and ripple, and may be several other currencies. So as the interest of the general public to cryptocurrencies grows, the market cap of the all cryptocurrencies grows and the second tier currencies will get their 20% share of it. So assuming there are 50-100 second tier cryptocurrencies (with active community, active developers, good consumer value) and taking into account the number of coins of a currency, we can easily evaluate the “natural” interval of prices for this coin.

Let’s consider the current market with its capitalization of $77 billion dollar. We see that the three biggest players (bitcoin, ethereum and ripple), far exceeding other currencies, hold about 81% of the market. Taking into account the remaining share of the capitalization and the number of the coins, the “average” price for a currency like reddcoin would be about $0.005 – 0.01, which is even higher than the current price. For the capitalization of $1 trillion 50-100 cryptocurrencies of the second tier will have about $200 billion of the cap. About $2-4 billion per each. For Reddcoin it will mean the price of about 7 – 14 cents per coin.

Some conclusions:

  1. There is nothing special or overhiped in the current RC price. The interval from $0.001 to 0.01 is what Reddcoin currently deserves taking into account the current capitalization of the total cryptocurrency market and the level of support. We can recently see the same pattern of price behaviour for other second tier currencies.

  2. If the total crytpocurrency market will grow and reach at least $1 trillion of capitalization (which is a quite feasible target in the near future), the interval from 1 to 10 cents for reddcoin will be absolutely natural.

  3. Reddcoin is currently a second tier currency de facto, but this place is not granted for ever. To just stay in this group both active community support and efforts from developers are required.

  4. If Reddcoin will gain sufficient institutional + media support, and enter the first tier of cryptocurrencies, the price can be one dollar or more. But even if it remains in the second tier category, the growth of total market to several trillions can easily transfer it in the dollar interval.

So for reddcoin fans, let’s support and promote our community, and let’s hope the developers will continue their great work, and we will see great future for the coin.

I’d be very interested to see what is gonna unfold when the crypto-bubble bursts due to bitcoins sky rocketing price. What will happen to “second tier” cryptos like reddcoin or will main game currencies like ether , will it advantage from the situation taking all panic selling from btc to eth. Then ether becomes the main currency on the market , could well be how it all plays out.

That’s the only thing that worries me about Reddcoins future and the future of every other alt-coin out there. Regardless if the bubble does burst I do believe that RDD will thrive once the foundations are set and Redd-ID is in order.

My idea is that the market will never be totally held by giants. About 20% of the market will be shared by 50-100 smaller players supported by interesting ideas and active communities, and the value of their stock will grow with the grow of the value of the total market. We see that some coins have recently sharply grown without any internal reasons. Consider Bytecoin, which has had no important upgrades at least for a year and has little additional value except beeing a cryptocoin. Yet its price has grown more than 10 times for the recent weeks. Why can people be attracted by such coins? May be because people feel that the price of the giants is very high and feel better chances for good growth in smaller coins or because they wish to diversify their cryptos portfolio or just because they like these coins. Why can’t Reddcoin reach the capitalization of Bytocoin of nearly 700 mio? It can if updates will follow but further growth will be restricted by the current total demand for cryptocurrencies and lack of media and institutional support. So I think the mininum goal for reddcoin is to remain in the second-tier category, and at least for some period of time its price will grow along with the market. And of course a better result would be to become a first tier coin, and I believe it is quite possible taking into account the interesting idea and the great work of the developers behind it.

I’m sure the developers have plans to be first tier. They took up the challenge of this work and they have been super excellent. They know what to do to cause the price to skyrocket but they want everything to fit. like in a jig saw. They dont have to be in a hurry, first thing is to be unmistakeably great. The rest will follow.
Focus on being, and with what you are, you will have. - T.L. Osborn, Evangelist

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An insightful analysis :slight_smile:

Vanamonde said in /404:

Let’s divide all cryptocurrencies into three categories: 1st tier currencies have good developer support + good community support + good institutional support + good media support. 2nd tier currencies have good developer + good community support. 3rd tier currencies have nothing.

People don’t come to the cryptocurrency market for a certain currency. They search for a currency to use and invest. Remember the Pareto rule that 80% of the market is held by a few strong actors. In our case it would be first tier currencies, like bitcoin, ethereum and ripple, and may be several other currencies. So as the interest of the general public to cryptocurrencies grows, the market cap of the all cryptocurrencies grows and the second tier currencies will get their 20% share of it. So assuming there are 50-100 second tier cryptocurrencies (with active community, active developers, good consumer value) and taking into account the number of coins of a currency, we can easily evaluate the “natural” interval of prices for this coin.

Let’s consider the current market with its capitalization of $77 billion dollar. We see that the three biggest players (bitcoin, ethereum and ripple), far exceeding other currencies, hold about 81% of the market. Taking into account the remaining share of the capitalization and the number of the coins, the “average” price for a currency like reddcoin would be about $0.005 – 0.01, which is even higher than the current price. For the capitalization of $1 trillion 50-100 cryptocurrencies of the second tier will have about $200 billion of the cap. About $2-4 billion per each. For Reddcoin it will mean the price of about 7 – 14 cents per coin.

Some conclusions:

  1. There is nothing special or overhiped in the current RC price. The interval from $0.001 to 0.01 is what Reddcoin currently deserves taking into account the current capitalization of the total cryptocurrency market and the level of support. We can recently see the same pattern of price behaviour for other second tier currencies.

  2. If the total crytpocurrency market will grow and reach at least $1 trillion of capitalization (which is a quite feasible target in the near future), the interval from 1 to 10 cents for reddcoin will be absolutely natural.

  3. Reddcoin is currently a second tier currency de facto, but this place is not granted for ever. To just stay in this group both active community support and efforts from developers are required.

  4. If Reddcoin will gain sufficient institutional + media support, and enter the first tier of cryptocurrencies, the price can be one dollar or more. But even if it remains in the second tier category, the growth of total market to several trillions can easily transfer it in the dollar interval.

So for reddcoin fans, let’s support and promote our community, and let’s hope the developers will continue their great work, and we will see great future for the coin.

Нельзя торопиться попасть в первый уровень. Сначала нужно набрать много мелких инвесторов, которые будут владеть от 1 до 1000 Редкоин и будут являться от 40 до 60 % владельцев Редкоин. Тогда будет устойчивая конструкция монеты. Сейчас стоимость Редкоин зависит от 5000 адресов, а это очень мало. Одни и те же игроки подкупают Редкоин в свои кошельки но на разные адреса, а это просто пузырь ( пирамида), который может быстро лопнуть. Нужно увеличивать сообщество за счёт множества мелких инвесторов. А чтобы это сделать, нужно, чтобы было просто купить его и в свой кошелёк зачислить.
Опять же, в социальных сетях нужно постоянно писать о росте стоимости криптовалюты, чтобы привлекать новых инвесторов. Указывать сайт Редкоина, для информации и делать это каждый день, везде, где можно и нельзя.

CTEnaLLlKA Чего боишься? Тебя смущает, что рост любых монет осуществляется не за счёт произведённой продукции, а за счёт покупки монет новыми инвесторами, которые увеличивают капитализацию?
Твоими рассуждениями, что нельзя про это говорить, значит ты боишься этого. В любых вложениях есть риск, даже в долговые бумаги государств. На Форексе тоже вкладываются, но не факт, что заработают, цена может пойти в другую сторону. Однако до нуля монета упасть не может никогда, в отличии от акций, потому, что каждая следующая продажа будет дешевле предыдущей из за падения цены, а так же из за потерянных кошельков и адресов.
так что иди в баню и не пудри мозги своим менжеванием.

The problem is Market cap is 8.303 BTC but circulating supply is 28.630.426.468 .

Market cap should be increased and circulation should be dicreased.

When I check the trend of price changes, it is increasing to 0,00000040, dicreasing to 0,00000026. So many people buy and sell. You can get chance to make your money with %53 increase with this way,

For me, The main problem is vision. Reddcoin declared we are the coin for tiping but I couldn’t see any special button for tiping with reddcoin. There is no pysical usage opportunity.

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Hello everybody. What do you think if the future is with Reddcoin? What is the growth is very slow. When will the coin return to 100 satoshi?

vip777 : nobody knows and questions regarding the future of any coin are pointess. Any answer you will get is worth as much as reading it from tea leaves.

vip777 never.

Sold nearly everything. An interesting idea behind the coin, but completely inept and irresponsible leadership, poor command work and lousy PR with an attitude to the community as to a piece of sh… . Made a nice profit since I bought it at 2-6 sats, yet it has little to do with outstanding developers’ work. Only Redd-Id could make this coin outstanding. May be I’ll consider rebuilding a fraction of the previos stock when something certain will be known about the long-waited release, yet sorry…

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