Reserve Rights 24-Hour Trading Volume Tops $16.76 Million (RSR)

Reserve Rights (RSR) traded 2.2% higher against the dollar during the 1 day period ending at 19:00 PM ET on January 25th. One Reserve Rights token can currently be purchased for approximately $0.0044 or 0.00000019 BTC on exchanges. Reserve Rights has a market capitalization of $185.73 million and $16.76 million worth of Reserve Rights was traded on exchanges in the last 24 hours. During the last week, Reserve Rights has traded up 22.1% against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 3.7% higher against the dollar and now trades at $0.0611 or 0.00000264 BTC.
  • CareCoin (CARES) traded up 3.7% against the dollar and now trades at $0.0759 or 0.00000328 BTC.
  • OmniaVerse (OMNIA) traded up 1.4% against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded up 3.7% against the dollar and now trades at $93.95 or 0.00406323 BTC.
  • Lunar (LNR) traded 2.6% lower against the dollar and now trades at $0.0278 or 0.00000120 BTC.
  • Hokkaidu Inu (HOKK) traded down 11.6% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 3.7% higher against the dollar and now trades at $6,594.55 or 0.28520853 BTC.
  • 2G Carbon Coin (2GCC) traded up 0.3% against the dollar and now trades at $135.76 or 0.00587151 BTC.
  • Lego Coin (LEGO) traded 5.6% lower against the dollar and now trades at $0.0406 or 0.00000176 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 42,302,323,974 tokens. Reserve Rights’ official website is reserve.org. 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.

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.”

Reserve Rights Token Trading

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

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