Reserve Rights Price Hits $0.0040 on Exchanges (RSR)

Reserve Rights (RSR) traded up 1.6% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on November 24th. During the last week, Reserve Rights has traded down 2.9% against the US dollar. Reserve Rights has a total market cap of $168.17 million and $10.38 million worth of Reserve Rights was traded on exchanges in the last 24 hours. One Reserve Rights token can currently be purchased for $0.0040 or 0.00000024 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded 1.1% lower against the dollar and now trades at $0.42 or 0.00002527 BTC.
  • Aidi Finance (BSC) (AIDI) traded 1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 3.8% against the dollar and now trades at $0.0455 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 3.8% against the dollar and now trades at $0.0564 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded down 1.9% against the dollar and now trades at $0.0011 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 0% lower against the dollar and now trades at $1,417.82 or 0.08566787 BTC.
  • Kitty Inu (KITTY) traded up 3.8% against the dollar and now trades at $79.95 or 0.00483090 BTC.
  • Lunar (LNR) traded up 18.8% against the dollar and now trades at $0.0601 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 23.2% higher against the dollar and now trades at $0.0004 or 0.00000003 BTC.
  • QANplatform (QANX) traded 3.8% higher against the dollar and now trades at $4,905.42 or 0.29639569 BTC.

About Reserve Rights

Reserve Rights launched on May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 tokens and its circulating supply is 42,302,323,974 tokens. The official website for Reserve Rights 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 currently possible to buy alternative cryptocurrencies such as Reserve Rights directly using U.S. dollars. Investors seeking to trade Reserve Rights should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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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