Convert 5 RED to VND today

RedStone publicly refuted claims suggesting a partnership with Web3Port and Whisper, emphasizing that these rumors were baseless and not authorized by the company.

Given the ongoing controversies related to the alleged manipulative activities involving Web3Port and Whisper, RedStone’s denial aims to protect its market integrity and maintain transparency.

Despite the controversies, RedStone’s native token, RED, has experienced significant growth, increasing by 14.5% in just a week and 74% in a month.

Redstone has experienced volatility with a 25% rise in the week despite a recent 20% pullback, reflecting indecision in the market. The RSI indicates increasing bearish momentum as it falls below the neutral zone, while the ADX suggests that the strength of the downtrend is fading.

With a crucial support level at $0.65, Redstone faces risks if this is breached, potentially dropping toward $0.50. Conversely, if RED breaks above $0.77, it might aim for $0.90 and $0.95, signaling a possible bullish reversal.

Securitize now relies on RedStone for price feeds on tokenized products connected to BlackRock and Apollo. This partnership aims to integrate real-world assets more seamlessly into DeFi, underlining the increasing importance of blockchain technology in global finance.

With the global securities market’s valuation at 255 trillion USD, real-world assets are projected to grow further. RedStone’s capabilities will unlock custom pricing strategies, fostering scalability and innovative applications in decentralized finance.

RED trading volume is $64.38m. Market capitalization reaches $185.02m.