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Reserve Rights

Reserve Rights priceRSR

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Quote currency:
USD

Reserve Rights price live data summary

The live price of Reserve Rights is $0.005810 per (RSR / USD) today with a current market cap of $293.97M USD. The 24-hour trading volume is $21.91M USD. RSR to USD price is updated in real time. Reserve Rights is +2.59% in the last 24 hours. It has a circulating supply of 50,600,000,000 .

What is the highest price of RSR?

RSR has an all-time high (ATH) of $0.1189, recorded on 2021-04-16.

What is the lowest price of RSR?

RSR has an all-time low (ATL) of $0.001247, recorded on 2020-03-16.

Reserve Rights price performance in USD

24h7d30d90d1yAll-time
+2.59%-37.78%-4.01%+125.57%+26.74%+60.78%

Reserve Rights price history in USD

TimeLowHigh
24h$0.005495$0.005869
7d$0.004853$0.009323
30d$0.004853$0.01320
90d$0.002109$0.01320
1y$0.001671$0.01320
All-time$0.001247(2020-03-16, 4 years ago )$0.1189(2021-04-16, 3 years ago )

Reserve Rights market information

Market cap
$293,970,280.6
+2.59%
Fully diluted market cap
$580,968,933.99
+2.59%
Volume (24h)
$21,910,424.21
-41.92%
Market rankings
Circulation rate
+50.00%
24h volume / market cap
0.0745
Circulating supply
50,600,000,000 RSR
Total supply / Max supply
100B RSR
-- RSR

Reserve Rights ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Reserve Rights Social Data

In the last 24 hours, the social media sentiment score for Reserve Rights was 3, and the social media sentiment towards Reserve Rights price trend was Bullish. The overall Reserve Rights social media score was 0, which ranks 374 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,641,305 times, with Reserve Rights being mentioned with a frequency ratio of 0.01%, ranking 171 among all cryptocurrencies.

In the last 24 hours, there were a total of 512 unique users discussing Reserve Rights, with a total of Reserve Rights mentions of 203. However, compared to the previous 24-hour period, the number of unique users decrease by 11%, and the total number of mentions has increase by 6%.

On Twitter, there were a total of 1 tweets mentioning Reserve Rights in the last 24 hours. Among them, 0% are bullish on Reserve Rights, 100% are bearish on Reserve Rights, and 0% are neutral on Reserve Rights.

On Reddit, there were 1 posts mentioning Reserve Rights in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Reserve Rights. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
3
Social score(24h)
0(#374)
Social contributors(24h)
512
-11%
Social mentions(24h)
203(#171)
+6%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
1
-88%
Twitter sentiment(24h)
Bullish
0%
Neutral
0%
Bearish
100%
Reddit
Reddit score(24h)
1
Reddit posts(24h)
1
0%
Reddit comments(24h)
0
0%

About Reserve Rights(RSR)

What Is Reserve Rights?

Reserve Rights is a decentralized financial platform aiming to create a stable and scalable cryptocurrency, the Reserve Stablecoin (RSV), pegged to the U.S. dollar. Launched in 2019, Reserve Rights operates on a dual-token system, consisting of the Reserve Rights Token (RSR) and the Reserve Stablecoin (RSV). The project is built on the Ethereum blockchain and is designed to combat the issues of hyperinflation and currency devaluation in economies worldwide, providing a reliable store of value and medium of exchange. It operates with the conviction that access to stable currency is a fundamental human right and aims to make hyperinflation a relic of the past.

The Reserve Rights project is underpinned by a decentralized protocol, the Reserve Protocol, which allows for the issuance and management of stablecoins without the need for external regulatory monitoring, typically associated with conventional economic models. The Reserve Rights Foundation holds a reserve of over $1 billion in assets to back the value of RSR, ensuring its stability and reliability as a store of value.

Resources

Official Documents: https://reserve.org/protocol/

Official Website: https://reserve.org/

How Does Reserve Rights Work?

The Reserve Protocol employs a dual-token system, consisting of the RSV, a stablecoin pegged to the U.S. dollar, and the RSR, a utility, reward, and governance token. The protocol maintains the value of RSV close to $1 through innovative mechanisms, buying more RSV when its value drops below $1 and selling excess or newly minted RSV when its value exceeds $1. This system ensures stability and reliability, making RSV an attractive option for daily transactions and as a hedge against volatility in traumatized economies.

The Reserve Protocol is designed to be more efficient and secure than traditional centralized stablecoin platforms, allowing users to create their own fully-backed stablecoins, termed as RTokens, redeemable for underlying assets. These RTokens can be created by anyone, providing a diverse and inclusive stablecoin ecosystem. The Reserve App, a major component of the Reserve Rights network, enables users to save, send, and receive money, especially in countries like Venezuela, Colombia, and Argentina, which are experiencing severe hyperinflation.

What Is RSR Token?

RSR is the utility, reward, and governance token of the Reserve Rights ecosystem. It is used to pay for fees on the Reserve Protocol and allows users to vote on proposals, defining the governing body’s mode of governance. Unlike RSV, RSR is not pegged to any level and is prone to value changes like any other normal cryptocurrency. It provides a layer of backstop insurance when staked on RTokens, capturing yield for offering protection. RSR token holders who stake to RToken are eligible to share revenue upside as well as slashing risk in the event of collateral or technical failure. RSR is also used to incentivize users of the RSR protocol, rewarding them with more RSR tokens based on the number of RSR tokens staked and the revenue generated by the project.

Reserve Rights's Impact on Finance

Reserve Rights is poised to have a significant impact on the financial sector by offering a decentralized, stable, and reliable currency option, especially in regions plagued by economic instability and hyperinflation. It provides a real-world solution by enabling people in such regions to preserve their assets and transact in a stable currency, mitigating the risks associated with inflation and currency devaluation.

The Reserve Rights platform, with its dual-token system and decentralized protocol, offers a unique approach to stablecoin creation, allowing for democratized governance and diverse stablecoin development. This innovation could potentially reshape the financial landscape, providing a stable and reliable currency option that is shielded from government interference and legislation, making it a viable alternative to traditional financial systems.

What Determines Reserve Rights's Price?

The price of Reserve Rights (RSR) tokens, like other cryptocurrencies, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. One of the primary determinants of RSR's price is market supply and demand, influenced by cryptocurrency news, trends, and analysis. When the Reserve Rights project releases positive news or achieves significant milestones, it often leads to increased demand, driving up the cryptocurrency price. Conversely, negative news or perceived risks can lead to a decrease in demand and subsequently, a drop in price. Cryptocurrency enthusiasts and experts closely monitor these developments, analyzing cryptocurrency charts and trends to make informed predictions about the future price of RSR.

Another crucial factor determining the price of Reserve Rights is its adoption and reception in the crypto community. The wider the adoption, the more likely it is for the RSR price to experience a surge. Cryptocurrency events, influencers, and the overall sentiment in the cryptocurrency market play a significant role in shaping the price trajectory of RSR. For those looking to buy RSR, it can be acquired on leading exchanges such as Bitget, where cryptocurrency trading strategies can be employed to optimize buying and selling decisions. It is crucial for potential investors and cryptocurrency beginners to stay informed about the latest cryptocurrency news and trends, assess cryptocurrency risks, and employ effective crypto portfolio management strategies to navigate the inherent volatility in the crypto market and determine whether Reserve Rights is a good investment for 2023 and beyond.

How to buy Reserve Rights (RSR)

Buying Reserve Rights on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Reserve Rights (RSR) .

Trade RSR perpetual futures

After having successfully signed up on Bitget and purchased USDT or RSR tokens, you can start trading derivatives, including RSR futures and margin trading to increase your income.

The current price of RSR is $0.005810, with a 24h price change of +2.59%. Traders can profit by either going long or short onRSR futures.

Join RSR copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or RSR tokens, you can also start copy trading by following elite traders.

Reserve Rights news

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Uncovering the halving’s impact on Bitcoin’s inflation rate and store of value proposition

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On-chain data for the 15th week: In the long run, market momentum is still accumulating, and the market is likely to pick up in May.

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Fiji Central Bank: Prohibition of using cryptocurrencies for payment or investment

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People are also inquiring about the price of Reserve Rights.

What is the current price of Reserve Rights?

We update our Reserve Rights to USD price in real time. Get the live Price of Reserve Rights on Bitget.

What is the 24 hour trading volume of Reserve Rights?

Over the last 24 hours, the trading volume of Reserve Rights is $21.91M.

What is the all-time high of Reserve Rights?

The all-time high of Reserve Rights is $0.1189. This all-time high is highest price for Reserve Rights since it was launched.

Can I buy Reserve Rights on Bitget?

Yes, Reserve Rights is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Reserve Protocol guide.

Can I get a steady income from investing in Reserve Rights?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Reserve Rights with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Reserve Rights?

Reserve Rights (RSR) is a versatile token within the Reserve Rights ecosystem. It serves multiple purposes, including governance participation, staking for system security, and providing insurance to maintain stablecoin stability. RSR's primary goal is to support the creation of asset-backed, yield-bearing stablecoins on the Ethereum blockchain, offering a decentralized and scalable stable money solution. It has gained popularity in countries facing high inflation as an alternative currency to stabilize financial systems.

Is Reserve Rights a good investment?

Investing in RSR crypto, the native token of the Reserve Protocol, can be appealing for several reasons: - Stability and Value Maintenance: RSR is designed to ensure the stability and value maintenance of the Reserve Protocol's stablecoin, RSV, by scaling supply based on demand and maintaining strong collateral backing. - Solving Volatility Issues: RSR addresses the volatility problem in the cryptocurrency market, making it an attractive choice for investors seeking a reliable and less volatile store of value and medium of exchange. - Accessible Onboarding: The Reserve Protocol simplifies the process of entering the decentralized economy by offering fiat on/off ramps, reducing the reliance on third-party exchanges, and providing an easy onboarding experience for new users. - Focus on Unbanked Populations: The protocol targets unbanked populations, particularly in developing countries, aiming to provide them with access to a reliable financial system, contributing to financial inclusion and potentially expanding RSR's adoption. - Dual-Token System: The Reserve Protocol's dual-token system involving RSV and RSR creates a mutually beneficial relationship, driving demand and utility for RSR while maintaining the stability of RSV. These factors make RSR an intriguing investment option for those seeking stability, reduced volatility, accessibility, and the potential for global financial inclusion.

What is Reserve Rights price prediction?

Predicting the future price of RSR crypto is uncertain, but several key factors can influence its price action and volatility: - RSR Token Utility and Staking: RSR has utility within the Reserve Protocol, with staking activities allowing token holders to earn rewards. Staking incentives can impact RSR's value as more users acquire and hold the token. - Reserve Protocol Development and Adoption: The progress and adoption of the Reserve project can significantly affect RSR's price. Positive developments, partnerships, and increased usage of the Reserve stablecoin (RSV) can attract investors and drive RSR's price. - Crypto Market Conditions: The broader cryptocurrency market conditions, including trends, regulations, and macroeconomic events, can indirectly influence RSR's price by affecting investor sentiment and market liquidity.

How can I stake Reserve Rights?

You can stake RSR tokens on the Reserve Protocol to earn rewards and participate in governance by following these steps: - Acquire RSR tokens from supported platforms and transfer them to your wallet. - Download Register.app, the official dApp for Reserve, and connect your wallet to it. - Access available RTokens for staking by clicking the Select RToken tab. - Choose the specific RToken you want to stake your RSR tokens on. - Select the Stake + Unstake option on the next page. - Specify the amount of RSR tokens you wish to stake and click Stake RSR. - Confirm and approve the transaction from your connected wallet. - Enjoy rewards and watch your crypto holdings grow as you stake RSR on Reserve's RTokens.

Who founded Reserve Rights?

The Reserve Protocol was founded in 2017 by Nevin Freeman and Matt Elder, with Nevin Freeman serving as the co-founder and CEO. The project's initial mission was to provide a stable universal currency, leading to the creation of the Reserve Dollar (RSV), a stablecoin pegged to the US dollar. The team also developed a mobile app for storing, receiving, and spending RSV. They are actively working on a smart contract protocol to facilitate the creation and decentralized governance of additional currencies called "RTokens." These RTokens can be pegged to diversified asset baskets, providing immunity to USD inflation and centralized monetary policies. The long-term vision is to establish an ecosystem where RTokens can address real-world challenges and serve as an alternative international reserve currency.

Who are Reserve Rights' investors?

Reserve's early investors and backers include prominent names and organizations in the cryptocurrency and blockchain space. Notable investors include Coinbase, Digital Currency Group (DCG), GSR, Crypto Lotus, Refactor, Distributed Global, PreAngel, Biocktower, NEO Global Capital (NGC), Rocket Fuel, Velorum Capital, and Arrington XRP Capital. Additionally, key individuals such as Sam Altman, Peter Thiel, Jack Selby, Matt Brimer, and Eric M. Jackson have also supported the Reserve Protocol and project. These early backers signify strong confidence in the project's potential and contribute to its development and growth.
Cryptocurrency investments, including buying Reserve Rights online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Reserve Rights, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Reserve Rights purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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RSR is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support RSR trades.
You can trade RSR on Bitget.

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