Reserve Rights (RSR) traded down 10% against the dollar during the twenty-four hour period ending at 12:00 PM ET on April 18th. One Reserve Rights coin can now be bought for $0.0128 or 0.00000033 BTC on major exchanges. Reserve Rights has a total market capitalization of $188.80 million and $36.16 million worth of Reserve Rights was traded on exchanges in the last day. During the last seven days, Reserve Rights has traded up 0.6% against the dollar.
Here’s how other cryptocurrencies have performed during the last day:
- Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00002548 BTC.
- Polygon (MATIC) traded down 2.1% against the dollar and now trades at $1.36 or 0.00003464 BTC.
- Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
- Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00002549 BTC.
- Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
- DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Chainlink (LINK) traded down 8% against the dollar and now trades at $13.33 or 0.00033991 BTC.
- FTX Token (FTT) traded 11.7% lower against the dollar and now trades at $41.72 or 0.00106353 BTC.
- THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
About Reserve Rights
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 Coin Trading
It is usually not presently possible to purchase alternative cryptocurrencies such as Reserve Rights directly using U.S. dollars. Investors seeking to acquire Reserve Rights should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly 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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