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    RedStone coin price rebounds as its oracle network gains adoption

    RedStone coin price soars as RedStone lands numerous use cases

    After weathering a post-airdrop slump, the RedStone coin price has staged an impressive recovery, captivating the cryptocurrency market with its upward trajectory.

    The RED cryptocurrency, native to the RedStone Oracle network, has surged in value, with CoinMarketCap data showing that the token witnessed a remarkable 28.77% earlier today to reach an intraday high of $0.6704.

    Despite experiencing a slight pullback to $0.5905 at press time, bulls are still in control.

    With trading volume hitting $188.18 million and a market cap of $158.63 million, the price resurgence is no stroke of luck; it’s fueled by a combination of strategic partnerships, growing utility, and heightened community engagement, positioning RedStone as a standout player in the decentralized finance (DeFi) ecosystem.

    Why RedStone (RED) price is on the rise

    The RED price is climbing rapidly, thanks to a series of developments that highlight the expanding role of the RedStone Oracle in the blockchain space.

    A major catalyst is RedStone’s partnership with Securitize, a leading platform for tokenizing real-world assets (RWAs).

    Securitize has tapped RedStone as the primary oracle provider for its tokenized products, including critical price feeds for tokenized funds like BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and Apollo’s Diversified Credit Securitize Fund (ACRED).

    This integration not only boosts the RedStone coin value but also opens doors to new use cases in money markets and collateralized DeFi platforms, driving demand for RED cryptocurrency.

    Accessibility has also played a pivotal role in the RedStone coin price surge.

    Listing on prominent exchanges like Coinbase and Bitvavo has broadened the token’s reach, making it easier for investors to trade RED coin.

    This increased visibility has coincided with a spike in trading activity, further amplifying the RED price momentum.

    At the same time, the RedStone Oracle network’s staking incentives, tied to the EIGEN protocol, launched on March 12, 2025, are encouraging holders to lock up their tokens for staking rewards.

    By reducing the circulating supply, these incentives are pushing the RedStone coin price higher as stakers reap rewards for supporting the network.

    Community initiatives are another key driver behind the rising RED cryptocurrency value.

    The RedStone Miner Campaign, also known as the RedStone Horizon Campaign, has galvanized the “Miners’ community” to promote the project’s journey and future prospects.

    This campaign, offering exclusive badges and potential airdrops, has heightened awareness of the RED coin across social platforms, drawing in new participants and reinforcing the RedStone coin mining narrative.

    Coupled with the oracle’s modular architecture and support for over 60 blockchain networks—including Ethereum and Arbitrum—these factors underscore why the RedStone coin price is on an upward swing.

    RedStone coin price technical analysis

    From a technical standpoint, the RedStone coin price is displaying strong bullish signals, with the RED cryptocurrency rallying by 28.77% in 24 hours.

    Currently trading at $0.5905, RED coin is nearing a critical resistance level at $0.656.

    Should the RED price break through and sustain above this resistance level, analysts suggest it could climb toward $0.700 or higher, reflecting the robust momentum in the market.

    However, if the rally loses steam, a retreat to the support range of $0.550 to $0.520 could be in the cards, making these levels crucial for traders to monitor.

    RedStone coin price prediction

    Looking at RED’s historical price movements, the RED cryptocurrency hit an all-time high of $1.46 on March 3, 2025, after dropping to an all-time low of $0.3996 just days earlier on February 28, 2025.

    Sitting below its peak, the current RedStone coin price suggests there’s still room for growth, especially given the high trading volume relative to its market cap.

    This intense market activity signals strong investor interest and could set the stage for further gains if the RedStone Oracle continues to deliver on its promise.

    Looking forward, the RedStone coin price prediction paints an optimistic picture for the RED coin.

    Seeing that the RedStone coin launch and its subsequent integrations have laid a solid foundation, the RED price could climb to between $2.00 and $2.60, propelled by factors like a potential Binance listing and rising demand for RedStone Oracle services.

    However, risks remain—namely, the planned supply expansion from 40 million to 280 million tokens, which could introduce downward pressure if not offset by sustained adoption.

    The success of initiatives like the RedStone Miner Campaign and the network’s ability to scale across multiple blockchains will be critical to realizing this potential.

    For now, the RedStone coin price is riding a wave of enthusiasm, making it a token to watch as it cements its place in the DeFi landscape.

    The post RedStone coin price rebounds as its oracle network gains adoption appeared first on Invezz

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