Reddcoin | Cheap Coin Craze
Notice how much cheap coins have been pumping? Doge from 20 sats to over 100 sats, XVG from 50 sats to 1000 sats, so on and so forth. Do I need to mention Ripple?
It appears our newcomers into crypto enjoy picking up these low cost coins (despite market cap being huge).
That means it has become worth it to accumulate these types of coins.
Reddcoin is only at 170 satoshis at the moment. The use case seems promising as they aim to be the payment network of social media platforms. Considering how popular social media is, and how popular low satoshi coins are, we could have ourselves a long term winner here.
Market cap is a little high for me at $750 million, but since DOGE is at $1.7 billion market cap, I suppose anything is possible in crypto nowadays.
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Trade Details
This is could be anywhere from a short-long hold. There are no events for RDD that I know of, so we are hoping new money continues to poor into low sat coins.
Chart for this coin is decent. Near the bottom of a very bullish channel, but such a steep channel could break down if the volume is not there.
Entries: 170, orders at 161, 151
Targets: 195 (major resistance), 235, 299
Stop Loss: 144
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As always, please feel free to ask me any questions you have in regards to my idea. Always willing to have discussions with new and experienced people alike!
It appears our newcomers into crypto enjoy picking up these low cost coins (despite market cap being huge).
That means it has become worth it to accumulate these types of coins.
Reddcoin is only at 170 satoshis at the moment. The use case seems promising as they aim to be the payment network of social media platforms. Considering how popular social media is, and how popular low satoshi coins are, we could have ourselves a long term winner here.
Market cap is a little high for me at $750 million, but since DOGE is at $1.7 billion market cap, I suppose anything is possible in crypto nowadays.
----------------------------------------------------------------------------------------------------------------------------------------------------------
Trade Details
This is could be anywhere from a short-long hold. There are no events for RDD that I know of, so we are hoping new money continues to poor into low sat coins.
Chart for this coin is decent. Near the bottom of a very bullish channel, but such a steep channel could break down if the volume is not there.
Entries: 170, orders at 161, 151
Targets: 195 (major resistance), 235, 299
Stop Loss: 144
------------------------------------------------------------------------------------------------------------------------------------------------------------------
As always, please feel free to ask me any questions you have in regards to my idea. Always willing to have discussions with new and experienced people alike!
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