Reserve Rights (RSR) traded down 3% against the dollar during the 24 hour period ending at 19:00 PM E.T. on April 10th. During the last week, Reserve Rights has traded down 28.8% against the dollar. One Reserve Rights coin can now be bought for $0.0141 or 0.00000034 BTC on major exchanges. Reserve Rights has a total market cap of $209.41 million and approximately $22.93 million worth of Reserve Rights was traded on exchanges in the last 24 hours.
Here is how similar cryptocurrencies have performed during the last 24 hours:
- Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00002367 BTC.
- Polygon (MATIC) traded down 1% against the dollar and now trades at $1.44 or 0.00003411 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 0.00002368 BTC.
- Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
- Chainlink (LINK) traded 0.9% higher against the dollar and now trades at $15.47 or 0.00036668 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.
- FTX Token (FTT) traded down 0.4% against the dollar and now trades at $45.16 or 0.00106996 BTC.
- THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
Reserve Rights Coin 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 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, Gemini or Changelly. 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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