I have seen the rise of this currency myself now and the extent of the profits it has made and there is great support. The investment size was only 74 million dollars, now it has crossed the 160 million barrier with the upcoming strong increase.
Here are more details about RSR (Reserve Rights) and its developments:
1. RSR System and Protocol Technology:
• Reserve Rights is part of a system that issues stablecoins backed by a basket of assets (ERC-20), such as stablecoins and other DeFi assets. The goal is to provide a resilient and sustainable system to deal with the volatility of traditional and cryptocurrencies.
• The currency relies on smart contracts to improve transparency and ensure security in the financial system.
2. Recent Initiatives and Updates:
• The Reserve team is working on improving governance and protocol strategies to engage the community and increase trust. Additional tools such as staking have been launched differently from traditional protocols, as they do not rely on new contributions to cover old rewards.
• Reserve seeks to expand its uses to include multiple chains and link it to new assets such as physical commodities and financial derivatives.
3. Current market performance:
• RSR is currently trading at around $0.009 with some daily volatility. The performance since the beginning of the year shows significant gains (+184%), reflecting growing interest in the project.
• The circulating quantity represents about 52% of the total supply (100 billion tokens), while a large portion is kept in a smart wallet called “Slow Wallet” for better control of the supply.
4. Future expectations:
• The forecast indicates that RSR could rise during 2024 to the range of $0.014-$0.015, with positive scenarios supporting the market’s continued upward trend.
• In the long run, the currency is expected to make significant gains if technical and regulatory developments continue, but it will not reach large numbers such as $1 in the near future according to current models.
