News that's exciting about the Reserve Rights (RSR) token! Everyone is talking about it nowadays. Here's a quick rundown of what's happening:
1. Price and Growth:
- Current RSR is trading at $0.0179. Can you believe that? That's a jaw-dropping 90% jump in one day and an amazing over 200% increase in the last month!
- Every week, RSR has been on fire, outpacing the overall crypto market with a fantastic jump of around 132%.
2. Trading Activity:
Yesterday, in 24 hours, the trading volumes have touched over $888 million! This is an increase of nearly 1,756% from what we saw the day before. The number of participants is climbing with RSR!
3. Market Rank:
RSR has a total market capitalization of around $963 million, placing it among the top 150 cryptocurrencies in the world. Currently, 53 billion RSR tokens are in circulation and a total of 100 billion can be issued.
4. What RSR Does:
RSR is the most integral part of the Reserve Protocol. This really interesting mechanism has the potential to produce stable digital coins called RTokens, backed by all those assets. RSR enables such stable coins to hold their values and hence become safe during a crisis.
Plans would add more variety to the kind of assets used to back the stablecoins. These include cash and commodities!
5. Looking Back:
- Even though the price of RSR remains at around 85% below its April 2021 peak, it is a jaw-dropping 257% more than last year.
As this incredible rally continues, RSR is already garnering attention from retail investors and institutional investors. Stay up with all the action from the Reserve Protocol! Happy investing!