ReddCoin (RDD) –Cryptocurrencies entered the financial system when fiat currencies held sway. A decade later, viable coins like BItcoin and several altcoins made tremendous impact in the crypto sphere. Investors are always on lookout for coins that will perform better. For some time, they have supported many crypto coins to make the tops. Ripple (XRP) toppled Ethereum (ETH) for the second time this year. This was because of investors’ funding. Now, there is another sleeping giant in the crypto space – ReddCoin (RDD).
In spite of the fact that many cryptocurrencies were in the red for most part of the year, ReddCoin (RDD) showed impressive signs. As 2018 comes to an end, there are strategies the coin has to put in place to remain tops in 2019.
Accessibility should be Easy
Before the launch, the coin had previous variant. Dogecoin was in the ring of offering social incentives before ReddCoin (RDD) was launched. By this, the coin has to uphold easy access. In the light of quest to make the coin accessible to all, easy communication and open-source should be entrenched.
The coin is already making comeback after the value dropped. As ReddCoin (RDD) rolls out new features, more investors are expected to partner with the coin. Also, multiple investors mean more value for the coin. In a nutshell, there needs to be in place, easy-to-use functionalities that will attract more investors.
Social Network Micropayments
It is no longer news that ReddCoin (RDD) is recreating social media tipping, by introducing tools that have not existed before. With this primary feature, a content creator generates income when his post is shared or liked. If the coin must continue to stay atop in the coming year, peer transactions should be fostered.
As Facebook is already making plans to include payment through the platform, ReddCoin has achieved this before now. There are indications that the coin is set to introduce peer-to-peer transactions for users. When this happens, users can support their favorite content creators by tipping them with crypto coins.
The coin is working at improved transaction speed. Also, feeless solutions will be introduced. To this end, ReddCoin should work out the social network micropayment system to increase chances of adoption in 2019.
Facebook Refuses to Bulge
Throughout the four (4)-year stead, ReddCoin (RDD) worked perfectly with many social media platforms. Twitter pulled many resources to content creators. Sadly, the coin is yet to break into the most viable and populated social media platform, Facebook.
Facebook is yet to fully incorporate ReddCoin’s (RDD) tipping. As 2019 draws near; the coin has to break the barrier of Facebook’s stiff resistance. When successful, content creators can then generate lots of income from posts they put up on their Facebook account. It is worth noting that the over two (2) billion monthly users on Facebook will be of immense benefit to the coin. If 2019 will be of great input to ReddCoin’s (RDD) value, it has to surmount hurdles of integrating Facebook to supported platforms.
ReddCoin should Consider Mainstream Payments
In addition to the fact that the coin has reinvented social tipping, ReddCoin (RDD) should consider moving into mainstream payments. In spite of the fact that the coin works well for social media tipping, mainstream payments is in the offing.
The three-second transaction timeframe will be beneficial for payments. It is worth noting that ReddCoin (RDD) has capacity to facilitate crypto payments. The unique PoSV algorithm stands out from other cryptocurrencies. The Proof-of-Stake Velocity (PoSV) algorithm uses low electricity than popular networks such as Bitcoin. The coin also stands better chance of facilitating transactions with the zero transaction fees. The reduced electricity and feeless transactions are touted to be of benefit to individuals that want to have real-time transactions.
Charitable Acts for Elon Musk
Partnerships remain driving-force to the value of a coin. RedCoin (RDD) has to play its cards right if one major investor, Elon Musk, must be bought over. Musk, the CEO of Tesla was enticed with enriching investments in ReddCoin (RDD).
Musk has interest in charity works. The implementation of social tipping (rewards) for content creators might interest Musk. Investors are of the belief that his investment in the coin will send the value over the edge. To this end, ReddCoin (RDD) should work towards getting an Elon Musk partnership.
As 2018 gradually comes to an end, ReddCoin has been tipped to perform well in 2019. Getting Elon Musk on board is great way to start off the year. If the coin’s value must be be atop in 2019, it is pertinent to works towards integrating Facebook as platform for social tipping.