Overview of RedStone (RED)
RedStone (RED) is the native token of the RedStone platform, launched in 2023 as a modular oracle to provide fast and reliable price data for over 1,250 assets across 70+ blockchains. The platform supports various data consumption models (Push/Pull), serving DeFi protocols (lending, perpetual contracts, BTC staking). Key token features:
- Transactions: Payment for access to oracle data and transaction fees.
- Governance: Voting in RedStone DAO for protocol governance.
- Staking: Rewards for providing liquidity and securing the network.
Key features:
- Ecosystem: Integrations with AAVE, Lido, Hyperliquid, Kamino Finance, Pendle, Ethena. TVL ~$300–$500 million.
- Tokenomics: Maximum supply of 1 billion RED, circulating ~280–350 million (28–35%), FDV ~$200.92–$432.8 million.
- Partnerships: Binance, MEXC, Revolut (60 million+ users), OKX, KuCoin (30+ exchanges, 40+ markets). Investments: $7 million (2023–2024).
- Metrics: 1 million active wallets, $60.67–$100 million daily trading volume, 50% growth in DeFi assets (July–August 2025).
- News:
- Listings: Binance (RED/USDT, March 2025, $1.232 pre-market), Revolut (60 million+ users, August 2025), MEXC (2025).
- Airdrop: Through Pump.fun (July 2025), led to a 20% increase.
- Updates: Launch of Atom (instant-liquidations), Bolt (updates every 2.4 ms, August 2025).
- Negative: Drop of 50–60% from ATH ($1.232, March 2025), cyberattack (July 2025).
- Bullish sentiments: 60–70% of posts on X are optimistic, “the fastest oracle” (@0xplump, @schneiderdigo).
- Price (August 23, 2025): ~$0.4328–$0.72 (USD), €0.39–€0.65 (EUR).
- Market capitalization: ~$150–$200.92 million (ranking #300–500).
- Trading volume (24h): ~$15–$60.67 million, change -33.9% to +68.7%.
## Technical analysis
- Current situation: RED price has dropped 50–60% from ATH ($1.232, March 2025) and is trading at $0.4328–$0.72, with a change of -4.5% to +3.48% over 24 hours and -13.9% to 18.9% over 7 days. On the daily chart, an upward channel, support at $0.40–$0.50, resistance at $0.75–$0.90. RSI is neutral, potential breakout.
- Key levels:
- Support: $0.40–$0.50 (50-day SMA, Fib 0.236).
- Resistance: $0.75–$0.90 (Fib 0.618, EMA20).
- Indicators:
- RSI (1D): ~50–60, neutral zone, bullish divergence.
- MACD: Bullish crossover on 4H, neutral on daily.
- SMA: Price above 50-day ($0.50), below 200-day ($0.80), neutral trend.
- Volumes: $15–$60.67 million, change -33.9% to +68.7% (Binance: $10–$20 million for RED/USDT). Spike to $100 million (March 2025).
- Chart: Price testing $0.50–$0.72. Break above $0.75 could lift price to $0.90–$1.10; break below $0.40 would strengthen fall to $0.30. Use 4H/1D timeframes. Check TradingView (RED/USDT).
## Fundamental factors
- Positive:
- Ecosystem: TVL $300–$500 million, 1 million wallets, integrations with AAVE, Lido, Hyperliquid.
- Innovations: Atom (instant-liquidations), Bolt (2.4 ms updates), Push/Pull models.
- Partnerships: Binance, Revolut, MEXC, $7 million investment.
- Market: Correlation with ETH (0.80) and SOL (0.75), bullish trend in DeFi/oracles (CAGR 45%).
- Community: Activity on X (@redstone_defi, @0xplump, @schneiderdigo), “zero price failures” (@TrueGuardianX).
- Risks:
- Volatility: Drop of 50–60% from ATH, cyberattack (July 2025).
- Competition: Chainlink (LINK), Band Protocol, DIA in oracles.
- Tokenomics: 280–350 million in circulation out of 1 billion, selling pressure moderate.
- Liquidity: Volumes ($15–$60.67 million) lower than top tokens, Fear & Greed Index 25–60 (fear–greed).
## Recommendations
- For traders: Buy when holding $0.50 (target $0.75–$0.90, stop-loss $0.40). Sell on break below $0.40 (target $0.30). Use 4H/1D timeframes, watch volumes and news on Bolt/Atom.
- For investors: Growth potential is tied to DeFi and oracles (CAGR 45%), but volatility and competition require caution. Watch for news on TVL and new integrations.
- Monitoring: Follow X (@redstone_defi, @0xplump, @schneiderdigo), TradingView (RED/USDT), CoinGecko, CoinMarketCap, Binance Square.
Contract: Ethereum: (exact address not available in data, check on CoinGecko or Etherscan).
Forecasts for 2025 (from web sources):
- Bullish: $1.50–$2.00 (Coinpedia, @schneiderdigo).
- Moderate: $0.80–$1.20 (CryptoNewsZ, CoinGecko).
- Bearish: $0.30–$0.50 (WalletInvestor).
Forecasts for 2030:
- Bullish: $5.00–$10.00 (Changelly).
- Moderate: $2.00–$4.00 (CoinNewsZ).
- Bearish: $0.50–$1.00 (CoinCodex).