Reserve Rights Token price overview
The current Reserve Rights Token price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Reserve Rights Token is based on a market capitalization of EUR. Reserve Rights Token has a circulating supply of . The highest recorded Reserve Rights Token price is EUR. And the lowest recorded RSR price is EUR.
How do Reserve Rights Token price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.
Reserve Rights token launched in 2019 after a successful Initial Exchange Offering (IEO) on the Huobi Prime platform. Reserve Rights is one of the two tokens that support the Reserve ecosystem. Reserve is a dual-token platform with a flexible pool of stablecoins. As the demand for stablecoins is on the rise, new projects emerge to support the development of stablecoin assets and DeFi (decentralized finance).
Reserve is an elaborate blockchain-based DLT (distributed ledger technology) system designed to reduce risk through decentralization and diversification of assets. The system uses the Reserve Rights token in network governance, proposals and voting, while RSR is also used to stabilize and back the stablecoin native to the network Reserve (RSV). RSV is backed by a basket of assets and supported by RSR to keep its value equal to $1 at all times.
How is the value of the Reserve Rights token defined and which factors influence the price of RSR?
If you’ve ever wondered this, then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of the intricacies of Reserve Rights price – and the factors that influence it.
Reserve Rights Token Price History
The price of Reserve Rights Token RSR had experienced dynamic changes since its inception in 2019, trading at lows of around $0.001 to highs of $0.12. Reserved Rights is volatile as the rest of the cryptocurrencies in the market. The crypto market has proven over time to be more volatile than the stock market, which is how tokens like Reserve Rights can rise and dip radically and suddenly within short periods.
During the IEO, RSR sold at a price of $0.0011 per token, which was the price it opened at on its first day of trading in May 2019. Although it climbed to over half a cent on its first day, RSR soon fell back to $0.002 by the end of the month. RSR reached the price of $0.0040 in July, before gradually declining for much of the rest of the year. By December, RSR had fallen to a low of $0.0013 and was still around this level by the end of the year.
Throughout January 2020, Reserve Rights improved slightly, reclaiming $0.002 at the end of the month. February brought more upside, with RSR reaching half a cent again by the month’s close. March was especially challenging for RSR token, as it crashed to a low of $0.0012. However, the next few months brought steady gains, as RSR regained $0.003 in April and $0.004 in June. By mid-July 2020, Reserve Rights price reached a new high at the value of $0.014, from where the crypto experienced a pullback of over 40%. However, August brought new high prices at $0.020 and $0.025, followed by a peak of $0.0316 on the last day of the month. Prices crashed 69% during September, finishing at less than $0.01. In October and November of the same year, RSR mostly climbed and made it back to above $0.02. No further gains were made in December when RSR traded between $0.015 and $0.023.
January 2021 brought bullish momentum for the majority of cryptocurrencies in the market, while the Reserve Rights token reached the price of $0.05 in the first ten days of the year. In February, Reserve Rights reached a new high at the value of $0.078, retreating to $0.045 by the end of the month. After almost reaching $0.10 in March, a volatile April took Reserve Rights price up to its all-time high of $0.12, before sinking back to below $0.070 in May 2021.
Analyzing Reserve Rights Price History
Reserve Rights (RSR) price history can be analyzed with the same tools that are used to analyze the stock market and other assets in traditional financial markets. Technical analysis is often used to predict the future momentum of Reserve Rights and other cryptocurrencies based on the price history, price charts, and other relevant market data. In combination with technical analysis, traders and investors also use fundamental and sentiment analysis to create forecasts for the future price of RSR.
While technical analysis examines price charts and market data, it can be combined with fundamental analysis to create more accurate forecasts. Fundamental analysis studies important factors that may influence the price of RSR. Some of these factors are Reserve Rights technology, adoption, mainstream use, utility, total supply, upgrades and updates, developments, important news, and other crucial events that directly concern the project. Reserve Rights has a limited supply, which means that the token isn’t subject to inflation. Once all 100 billion tokens are in circulation, no new RSR tokens will be minted, which could make Reserve Rights a good store of value in the long term. The number of Reserve users can also affect the price of Reserve Rights, which is why this factor is crucial for fundamental analysis. Any future development will also affect the price of RSR and may even cause sudden spikes in value in the case of positive sentiment.
Sentiment analysis examines the overall emotion regarding Reserve Rights among traders and investors. Sentiment analysis studies opinion data and then ranks the overall sentiment as negative, positive, or neutral. Any type of important news, partnerships, or similar events can affect the sentiment in the market.
Factors Influencing the Price of Reserve Rights
A multitude of specific factors can influence the price of Reserve Rights. For instance, one of the determining factors that define the market value of RSR is its finite supply. By limiting the total supply, Reserve Rights employs an anti-inflation mechanism that should prevent debasement of the value of RSR in the long term.
Reserve Rights (RSR) is also influenced by the wider economy, which can move the entire crypto market to new highs or to new lows. RSR price can be influenced by the momentum of Bitcoin to some extent since Bitcoin holds a huge market share compared with other cryptocurrencies. The price of RSR is affected by its utility – the more popular the project is, the greater the chances are for a higher market price.
All future developments in the sense of updates and upgrades may also affect the price in a positive way, as active projects with a dedicated dev team are likely to become a success. Reserve Rights (RSR) price is likewise influenced by the mainstream use and adoption of Reserve stablecoins. As stablecoins are gaining more popularity over time, RSR consequently becomes a more valuable asset.
Live Reserve Rights Value and Market Cap
The live price of Reserve Rights RSR changes from one moment to another and is driven by numerous factors that can influence its market value. The price of RSR is in constant flux and is defined by the balance between buying and selling activity expressed in trading volumes.
The market cap changes with price variations and reflects the number of tokens in the circulating supply multiplied by the current price of RSR in the market. The market cap ranks RSR in comparison with other crypto assets in the market and it also determines the market share of Reserve Rights.
Reserve Rights Price FAQ
What is the highest Reserve Rights Token price in EUR?
Reserve Rights Token price history shows that RSR has recorded a peak value of EUR.
What is the lowest Reserve Rights Token price in EUR?
RSR price history shows that EUR EUR is the lowest recorded Reserve Rights Token value.
How can I buy Reserve Rights Token?
You can purchase Reserve Rights Token and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Reserve Rights Token. It’s available for immediate purchase at the current RSR price quote of EUR. Current prices are always displayed in the RSR chart.
What is the current Reserve Rights Token price in EUR?
Kriptomat data confirms that the current Reserve Rights Token price is EUR.
What is Reserve Rights used for?
Reserve Rights (RSR) is an integral part of the dual-token reserve system and it serves the purpose of backing and providing stability to the Reserve stablecoin (RSV). RSR holders can also participate in the governance of the Reserve protocol by proposing and voting on proposals.
As the market of stablecoins is growing and becoming more diverse and more interesting to users, Reserve Rights is gaining more relevancy. Thanks to the RSR token, the stability of RSV is backed and kept at the value of $1 at all times. The protocol is building a decentralized network of fiat on/off ramps, while the increasing diversity of the basket of assets backing RSV is creating conditions for the Reserve stablecoin to get past the value of $1 and become an alternative stable reserve in the future.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Reserve Rights and cryptocurrencies!