As expected, after the removal of the price cap in the pre-market, the price of $RED initially surged to a high of $1.46 before dropping to its current level of $$1.04. At the moment, the circulating supply is limited to 40 million $RED, but it will increase to 280 million by the end of the pre-market and gradually reach 1 billion over the next four years.
I’m considering buying $RED , but I prefer to wait, as I believe that once it gets listed, the price will drop to around $0.20.
