Reserve Rights Price Down 17.6% Over Last Week (RSR)

Reserve Rights (RSR) traded 3.9% lower against the dollar during the 1 day period ending at 11:00 AM Eastern on February 9th. Reserve Rights has a market cap of $100.74 million and approximately $7.40 million worth of Reserve Rights was traded on exchanges in the last day. One Reserve Rights token can now be bought for about $0.0016 or 0.00000002 BTC on major exchanges. Over the last week, Reserve Rights has traded down 17.6% against the dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 2.2% against the dollar and now trades at $69,417.42 or 0.99788221 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.3% lower against the dollar and now trades at $69,165.96 or 0.99426752 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Reserve Rights

Reserve Rights’ launch date was May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 tokens and its circulating supply is 62,553,174,091 tokens. The Reddit community for Reserve Rights is https://reddit.com/r/reserveprotocol and the currency’s Github account can be viewed here. Reserve Rights’ official Twitter account is @reserveprotocol and its Facebook page is accessible here. Reserve Rights’ official website is reserve.org.

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 presently possible to buy alternative cryptocurrencies such as Reserve Rights directly using US dollars. Investors seeking to acquire Reserve Rights should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Reserve Rights using one of the exchanges listed above.

RSR/USD price chart by TradingView