Get started

RSRUSDT

RSR / USDTWhat Is Reserve Rights (RSR) ? Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform. Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities. Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem. In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool.
Long
by HolderYoda
1
a Deep dive on RESERVE : (RSRUSDT analysis)"Reserve is a flexible pool of stablecoins designed to reduce risk through diversification and decentralized governance." "To everyday users Reserve is just an app for buying, holding, and spending digital US dollars.(Available in Venezuela, Argentina, and Colombia )" ❇️(coinmarketcap DATAs: (Rank #74 kind:Token ,On 65,590 watchlists , Market Cap:$1,218,559,783 , Fully Diluted MarketCap:$9,257,124,169 , Circulating Supply: 13,159,999,000 RSR (13%) ,Max Supply:100,000,000,000 ) What Is 🌟Reserve Rights (RSR)🌟? Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform. it includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities. Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals. ❇️Who Are the Founders of Reserve Rights? Reserve Rights was co-founded by Nevin Freeman and Matt Elder. Freeman is Reserve's CEO and a seasoned entrepreneur. He describes his life goal as "solving the coordination problems that are stopping humanity from achieving its potential." Matt Elder, on the other hand, is an experienced engineer who previously worked for Google and Quixey, and now works to oversee the architecture of the Reserve protocol implementation as the project’s CTO. ❇️What Makes Reserve Rights Unique? Unlike other stablecoins that are typically backed by U.S. dollars (USD) held in reserve in a bank account controlled by the stablecoin issuer or a trusted custodian, Reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts. This basket initially consists of Ethereum stablecoin assets, including USD Coin (USDC), True USD (TUSD) and Paxos (PAX), but there are plans to later transition to a more diverse basket, which might eventually include fiat currencies, securities, commodities and complex asset types, like synthetics and derivatives. Arguably Reserve's major defining feature is its Reserve Rights token, which is minted and sold when the RSV stablecoin loses its peg with the U.S. dollar. The funds generated by selling RSR tokens are used to replenish the RSV collateral pool, whereas when RSV is valued at above $1, the additional collateral will be used to purchase and burn RSR from the secondary market, driving down the supply. Arbitrageurs can benefit from this mechanism when RSV is valued at above $1.00, by buying RSV at $1.00 from the Reserve smart contract using RSR, and then selling it at the current market price to net the difference as profit. This option is only available to RSR holders, and is currently one of the main drivers for holding RSR tokens. ❇️refrences: coinmarketcap - reserve. org ------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS Since mid-September, we have seen that the currency is stuck in an uptrend channel that regularly fluctuates between 100 and 200% for 5 times, which provided a good and low-risk opportunity for swing traders, and in any case. I think this currency will have to leave this channel and maybe it will happen in the vicinity that after leaving the channel, you can enter to a long position or with low-probably it can see the bottom of the channel again in the green support range and then climb. But this scenarios is also a possibility and it may go in any direction which market chooses . (Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades 👍plz hit that damn like button if you like it
Long
by PRO_SMART_Trader
2
RSR/USDT Entering to Alert ZoneIt is about to hit is next all-time high and may fall back to the short term support level 0.062 Zone. The time span between two highs is about the same and it may reflect the opportunity to do short. The trend needs to fall back to its short/long support level to continue the Bearish trend. The short opportunity will be reflected between 0.098 - 0.102 (This is only for short-term) Overall the charts are bullish. Share your thoughts on this. Disclaimer: This is not financial advise, do your research and analysis before entering the trades. You may lose all money if you enter into the wrong trades.
Short
by expertdiligent
Is RSR/USDT ready for it's next leg up?I've been trading in and out RSR/USDT since . 01 and it is the gift that keeps on giving. I am shitcoin_rich. I'm just some guy who made it in 2017 and gave a lot back to the market in 2018 and 2019, but, I learned a lot of great lessons and nuances of the alt market. My TA is meant to be simple, no gann fann's and fib circles. A few alt coin trading tips. I trade with EMA's as my baseline with price action as my basis for exact entries. I use fibonnaci/ market geometry/ indicators/ divergence for confluence on my entries/ exits. I am the farthest thing from a financial advisor. 1) When BTC is trending bearish , alts are mostly bearish . 2) When BTC is trending bullish , alts are mostly neutral or bearish . 3) When BTC is consolidating, alts are most neutral or bullish . 4) After a BTC bull trend, and moves into short to mid term consolidation, money almost ALWAYS moves into alts. 5) Alts follow Ethereum's macro trail mostly. Ethereum follows BTC's macro trail mostly. 6) If you trade alts with bearish momentum for Bitcoin or Ethereum , odds are you will lose. BTC is King. Ethereum is queen. Alts are volatile peasants. Trade Alt coins when BTC and ETH have bullish and/or sideways conditions. RSR/USDT put in the daily high on Feb 13th, and the daily swing low on Feb 23rd, and has broken market structure to the upside on March 9th . Some technical observations, especially regarding the Feb 23 low. - The February 23 low tagged the macro .618 fib extension and reacted bullishly. The low also wicked bullishly with a hanging man candle into a weekly order block. The reaction of the low put in a close of a higher high. And lastly the low tagged the Daily 55 EMA and moved bullishly away. - Subsequently we have put in a higher high at .083 cents and I am looking for a support/ resistance flip at the .067 local high. If that area (local . 618 retracement / 6hr 55ema) holds, I am forecasting the next leg up to .13 I am bullish on RSR's fundamentals and expect it to reach .50 and maybe even 1.00 this year IF BTC and ETH hold bullish macro market structure. And remember! Don't over risk! DYOR! Have a trading plan!
Long
by shitcoin_rich
4
RSR is going higher!The pattern still needs to be confirmed as well, but at the moment, we can state with a high degree of confidence the reliability of such forecast. This token is already in the public eye and about a week ago Grayscale Investments announced adding RSR to the pool of assets under its management. In the circumstances of general bullish sentiment, We observe the correction which gaining distinct features of an Inverse Head and Shoulders bullish pattern, with a bullish moving average crossover. So we can wait and try to catch up with the trend tomorrow, or We can lead it today! Our profit-taking levels: $ 0.09 and higher.
Long
by Deviantor_Wayne
1
RSR: +100% pumping incomingThe RSRUSDT is moving in a log channel for a long time. Now it is heading to the upper band again, which is expected to be around 0.115 to 0.13 usdt range. But be careful of the midline of the channel. The midline always played as a resistance/support in the history of RSR. Let's see if it breaks out. MACD is golden crossed in the daily. RSI is moving strong. We also have a nice Head&shoulders pattern, which is almost confirmed. The target of H&S is 0.9744. I will take some profit at the upper line.
Long
by RidingBubble