Reserve Rights 24-Hour Volume Tops $20.18 Million (RSR)

Reserve Rights (RSR) traded 0.8% higher against the US dollar during the 24 hour period ending at 15:00 PM ET on July 6th. Over the last week, Reserve Rights has traded 4.9% lower against the US dollar. One Reserve Rights coin can now be bought for $0.0071 or 0.00000035 BTC on major exchanges. Reserve Rights has a total market capitalization of $130.21 million and approximately $20.18 million worth of Reserve Rights was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00004894 BTC.
  • BITCOIN ADDITIONAL (BTCA) traded up 1% against the dollar and now trades at $20,415.72 or 1.00013267 BTC.
  • Mammoth (MMT) traded down 0.7% against the dollar and now trades at $1.91 or 0.00009338 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00004903 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.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • yOUcash (YOUC) traded 0% higher against the dollar and now trades at $0.51 or 0.00002501 BTC.

Reserve Rights Coin Profile

Reserve Rights is a coin. Its launch date was May 17th, 2019. Reserve Rights’ total supply is 100,000,000,000 coins and its circulating supply is 18,451,655,211 coins. Reserve Rights’ official Twitter account is @reserveprotocol. The official website for Reserve Rights is reserve.org.

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. “

Buying and Selling Reserve Rights

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

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