Reserve Rights (CURRENCY:RSR) traded 6.9% lower against the U.S. dollar during the 1 day period ending at 17:00 PM Eastern on May 4th. One Reserve Rights coin can now be bought for about $0.0822 or 0.00000151 BTC on exchanges. During the last seven days, Reserve Rights has traded 3.3% lower against the U.S. dollar. Reserve Rights has a total market cap of $1.08 billion and approximately $127.27 million worth of Reserve Rights was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Chainlink (LINK) traded up 16.7% against the dollar and now trades at $48.46 or 0.00088793 BTC.
- THETA (THETA) traded 8.9% lower against the dollar and now trades at $10.51 or 0.00019255 BTC.
- Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00001832 BTC.
- DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
- PancakeSwap (CAKE) traded down 7.6% against the dollar and now trades at $38.04 or 0.00069696 BTC.
- Aave (AAVE) traded 5.7% lower against the dollar and now trades at $472.99 or 0.00866718 BTC.
- Maker (MKR) traded down 10% against the dollar and now trades at $5,488.57 or 0.10057349 BTC.
- FTX Token (FTT) traded down 2.3% against the dollar and now trades at $55.45 or 0.00101602 BTC.
- Huobi Token (HT) traded 9.2% lower against the dollar and now trades at $24.29 or 0.00044508 BTC.
Reserve Rights Profile
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 buy alternative cryptocurrencies such as Reserve Rights directly using U.S. dollars. Investors seeking to trade Reserve Rights should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Reserve Rights using one of the exchanges listed above.
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