Cryptocurrency Reddcoin Skyrockets After John McAfee’s Coin-of-the-Day Tweet
SputnikNews.com
26.12.2017
Reddcoin was designed for small transactions and other uses on social media. On December 25, its market cap reached $648 million.
Reddcoin, a relatively unknown digital currency, has spiked after becoming one of John McAfee’s coin selections. Reddcoin, which was almost inactive a few days ago, has made weekly gains of over 650 percent.
On December 24, John McAfee, creator of McAfee Antivirus and 2016 Libertarian Party presidential hopeful, said in a post on Twitter that Reddcoin was his “coin of the day.”
Reddcoin is a digital currency widely used on social media and has been around since 2014 and its price remained flat until May 2017.
On December 18, Reddcoin had a market cap of nearly $80.5 million, with the price of each Reddcoin at $0.002804. As of this writing, its market cap is $397 million at a price of $0.013821. On December 25, its market cap peaked at $648 million.
Reddcoin was designed for small transactions and other uses on social media, including on such platforms as Reddit, where the cryptocurrency took its name.
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