1
RSR
=
NGN
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
-2.80% | -11.34% | 22.45% | 11.86% | 23.74% | 83.25% |
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
-2.80% | -11.34% | 22.45% | 11.86% | 23.74% | 83.25% |
1
RSR
=
NGN
4
2
0
Price has increased by 115.69% in the last 1 year.
Reserve Rights is currently trading 15.28% above the 200-Day SMA which is $0.00608.
The 14-Day Relative Strength Index (RSI) is at 71.88 which indicates that the cryptocurrency is currently SELL and may trade sideways.
The number of green days in the last 30 days is 14 which is 47%.
Over 52.74% of the total supply is in circulation.
Has high liquidity with 0.10815 volume to market cap ratio. The current market cap is ₦567.47B while the 24-hour volume is ₦61.37B
Year | Q1 | Q2 | Q3 | Q4 | Total |
---|---|---|---|---|---|
2019 | - | -28.51% | -15.31% | -39.64% | -63.45% |
2020 | 85.44% | 165.72% | 44.22% | 106.97% | 1370.80% |
2021 | 350.77% | -73.02% | 24.09% | -3.94% | 44.97% |
2022 | -29.65% | -64.99% | 14.80% | -65.42% | -90.22% |
2023 | 42.18% | -39.61% | -23.57% | 74.82% | 14.72% |
2024 | 230.76% | -47.06% | 18.14% | ||
Average | 135.90% | -11.79% | 12.47% | 14.56% | 255.36% |
Reserve Rights (RSR) is a stablecoin cryptocurrency. Its main aim is to provide users with a stable cryptocurrency that is decentralized and scalable. It is controlled by smart contracts. However, the main difference between this coin against other cryptocurrencies is the fact that unlike other stablecoins, banks and other financial institutions do not control this crypto coin. In this article, we will learn about this coin's features. Moreover, we will discuss the challenges it currently faces and delve deep into its future prospects. In short, we will provide you with vital information that will help you make the informed decision of whether you should buy this cryptocurrency or not.
It is an ERC-20 token which was launched in the year 2019. Two co-founders Nevin Freeman and Matt Elder came together for this purpose. Its main aim is the over-collateralization of the stablecoin. It does so through a way of staking and managing them through promoting and voting. These aspects can bring about positive changes as well as help in shaping the coin's network.
Are you planning to invest in this crypto coin? If yes, For someone who is looking forward to investing in this stablecoin token, here are some of the main features that this coin offers to its users.
This is a decentralized stablecoin. Since it is a decentralized cryptocurrency it eliminates all the intermediaries like banks and other financial institutions. Due to this, the coin is able to provide a system for its users that aids secure, quick, and Low-Cost transactions.
The main aim of this coin is over-collateralization through staking. It encourages staking. In fact, it gives rewards to those who actively take part in the decision-making process and staking of this coin.
The administration of the network is in the hands of its stakeholders. Those who actively take part in the staking of the coins in its reserves are liable to take an active part in the administration of this coin's network.
This coin works in coordination with the reserve protocol. This means users can mint new RSV coins with the help of this digital currency.
Even though it is a stablecoin cryptocurrency still there are certain unavoidable challenges faced by this coin. They are as under:
This is the common challenge most cryptocurrencies face. The regulatory landscape that surrounds the cryptocurrency ecosystem is in its developing stage. Each country looks at cryptocurrency in a different manner and has different rules and laws for them. There have been instances of sudden changes in policies around cryptocurrencies. These sudden regulatory changes can affect the coin's future growth.
Every cryptocurrency in the ecosystem has to compete with the outside traditional financial systems. Not only that, there is an internal battle of digital coins with each other. Having said that, It has become very important for digital tokens to achieve a prominent position in the ecosystem and to successfully maintain it.
The developing team is always on their toes to constantly work together and bring about new features to the network. However, technological advancements happen at a very fast pace. Therefore, sometimes it becomes difficult to keep up with the constantly changing technologies.
Are you one of those who are planning to invest in cryptocurrencies, especially this stablecoin token? If yes, you can follow the below-mentioned steps.
Search for a secured and reliable exchange that supports this coin.
Create your account on these exchanges by completing the necessary authentication process.
Deposit funds and place purchase orders for the required amount of coins.
Once your purchase order is verified coins will get deposited into your account.
Transfer the coins into secured wallets for better safety.
If you look at the present successful run of this coin, it is likely to have a good future ahead. It is mainly because of the following reasons:
It has a team of talented developers that understand crypto technology very well. They work continuously to make sure that the coin’s ecosystem works smoothly and even upgrade the technology when needed.
There is an active participation of the stakeholders in the growth of the cryptocurrency. They take part in the decision-making and voting process of the network. This helps to build a secure future for the network.
The coin’s network is looking forward to achieving widespread adoption and traction in the future because more and more people are accepting this cryptocurrency. It has also become a hot favorite among traders, merchants, and many companies as well as a medium of exchange.
FAQs
It was co-founded by Nevin Freeman and Matt Elder in the year 2019.
This coin is backed by a group of cryptocurrencies which is managed by smart contracts whereas other stablecoins are backed by U.S dollars which are held in the bank's reserves.
This coin has a fixed supply of 100 billion tokens out of which at present 47% is currently in circulation.
It is an ERC-20 token that is based on the Ethereum blockchain. Thus it uses a Proof-of-Work consensus mechanism which makes it secure.
You can buy this coin on secured and reliable exchanges like Binance, Huobi Global, and OKEx.
Conclusion
With some unique features and its nature of being a decentralized stablecoin, this cryptocurrency has a prosperous future ahead. It is a secure platform that works with the aim of overcollateralization.Nevertheless, there are certain risks and challenges that are unavoidable which you should consider before you decide to invest in this coin. However, overall it is a secure form of investment that can prove to be a good investment decision.
The current price of the Reserve Rights(RSR) is ₦10.76, with a current market cap ₦567,474,619,503.54.
The maximum supply of the Reserve Rights(RSR) is around 100B.
RSR is a ticker symbol of the Reserve Rights.
At the movement,52.74B Reserve Rights tokens are already in the market out of 100B RSR.
There are many options for buying crypto, and Reserve Rights can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Reserve Rights. It's a quick, easy, and secure way to buy Reserve Rights(RSR).
Yes,It is a stablecoin.
Reserve Rights had an all-time low of ₦1.89.
Reserve Rights had an all-time high of ₦180.55.
By exchanging RSR against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Reserve Rights can be earned or received in various ways. RSR considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the RSR, including RSR to PHP, RSR to INR, RSR to NGN, RSR to THB, RSR to CAD, RSR to PKR, RSR to IDR , RSR to EUR , RSR to AUD , RSR to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 RSR is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like RSR to BTC, RSR to EGO, RSR to RBTC, RSR to DOGE, RSR to CRO, RSR to ADA, RSR to WLD, RSR to X .
RSR to NGN price today is ₦10.76, which is Down by -11.34% over the last 24 hours. There has been an hourly Dip by -2.80%. Reserve Rights's market cap currently sits at ₦567,474,619,503.54 NGN, holding up for a market cap rank at #153. The volume were at ₦61,372,306,392.10 NGN Reserve Rights ranks no 153 in the market capitalization of Reserve Rights is at ₦567,474,619,503.54 and its volume for 24 hours is ₦61,372,306,392.10. Reserve Rights are under circulation, with total supply of 100B and the Maximum supply of 100B.
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RSR to NGN | ₦10.76 |
Percentage Change ( 24h ) | ▼11.34% ₦1.99 |
24h High / Low | ₦12.67 / ₦10.68 |
Trading Volume 24h | ₦61,372,306,392.10 |
Volume / Market Cap | 0.10815 |
Market Dominance | 0.01% |
Market Rank | 153 |
Market Cap | ₦567,474,619,503.54 |
Fully Diluted Market Cap | ₦1,075,915,012,344.64 |
All Time High | ₦180.55 ▲8946.12% |
All Time Low | ₦1.89 ▲862540.32% |
Circulating Supply | 52,743,442,836 RSR |
Total Supply | 100,000,000,000 RSR |
Max Supply | 100,000,000,000 RSR |