Reserve Rights Price Reaches $0.0386 on Exchanges (RSR)

Reserve Rights (CURRENCY:RSR) traded up 8.3% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM E.T. on November 25th. During the last week, Reserve Rights has traded 18.9% higher against the U.S. dollar. One Reserve Rights coin can now be bought for approximately $0.0386 or 0.00000065 BTC on popular cryptocurrency exchanges. Reserve Rights has a market cap of $507.67 million and $66.77 million worth of Reserve Rights was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

  • Crypto.com Coin (CRO) traded down 18.2% against the dollar and now trades at $0.78 or 0.00001324 BTC.
  • Polygon (MATIC) traded 0.1% higher against the dollar and now trades at $2.00 or 0.00003275 BTC.
  • Polygon (MATIC) traded 10.5% higher against the dollar and now trades at $1.88 or 0.00003176 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00001689 BTC.
  • Chainlink (LINK) traded up 5.8% against the dollar and now trades at $27.26 or 0.00046036 BTC.
  • Decentraland (MANA) traded down 11.8% against the dollar and now trades at $4.81 or 0.00008130 BTC.
  • Axie Infinity (AXS) traded down 0.1% against the dollar and now trades at $142.37 or 0.00240462 BTC.
  • Parkgene (GENE) traded 2,618,096.3% higher against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • THETA (THETA) traded 11.4% higher against the dollar and now trades at $7.41 or 0.00012509 BTC.
  • FTX Token (FTT) traded 8% higher against the dollar and now trades at $52.77 or 0.00089130 BTC.

Reserve Rights Profile

RSR is a coin. Its genesis date was May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 coins and its circulating supply is 13,159,998,943 coins. The official website for Reserve Rights is reserve.org. Reserve Rights’ official Twitter account is @reserveprotocol.

According to CryptoCompare, “The Reserve Protocol holds the collateral tokens that back the Reserve token. When new Reserves are sold on the market, the assets used by market participants to purchase the new Reserves are held as collateral. This process keeps the Reserve collateralized at a 1:1 ratio even as supply increases. At times, the Reserve Protocol may target a collateralization ratio greater than 1:1. When this is the case, scaling the supply of Reserve tokens requires additional capital in order to maintain the target collateralization ratio. To accomplish this the Reserve Protocol mints and sells Reserve Rights tokens in exchange for additional collateral tokens. Collateral tokens are somewhat volatile. While we may be able to select a portfolio with minimal downside risk, the reality is that drops in the collateral tokens' value will happen. When this happens, the Reserve Protocol will sell newly minted Reserve Rights tokens for additional collateral tokens and add them to the backing. “

Buying and Selling Reserve Rights

It is usually not currently possible to buy alternative cryptocurrencies such as Reserve Rights directly using US dollars. Investors seeking to trade Reserve Rights should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Reserve Rights using one of the exchanges listed above.

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