Reserve Rights had peaked during the high of the 2021 bull run in April. The cryptocurrency has been largely bearish ever since. RSR token has displayed brief volatile upwards shifts although the bullish momentum had not been able to sustain. At the time of writing, the cryptocurrency stands at a price level of $0.045. The price of the token has surged upwards by 30% during the past day while the weekly performance shows a similar uptrend. The daily trading volume has shot upwards by more than 600%. Currently, the token stands at a rank of #148 in terms of capitalization.
Reserve Rights – Recent developments
Reserve Rights has been gaining in popularity because of its unique proposition. The project’s aim is to tackle the problem of inflation and hyperinflation plaguing economies throughout the world. The project allows users from inflation-struck countries to exchange their native currencies into RSV’s stablecoin so that they are able to save money without it losing its value.
The project has been growing at a phenomenal pace. It currently has more than 350,000 registered users with the weekly app visitors at approximately 100,000. Reserve is now accepted as payment by more than 8,000 merchants. But the development team is far from being done. Reserve Rights is a recent launch and the team is planning the developments of the network at full force. In the upcoming month or two, the network is planning to launch RSR staking along with a new yield-bearing stablecoin. A decentralized application is also under works which will allow anyone to create their stablecoin and this is not all. The platform completed the initial wallet integration for its dApp and a couple of wallets are expected to be supported for RSR staking. Hence, the coming year can be expected to be filled with activities and more growth for the network.
Future outlook
Reserve Rights is a dual token stablecoin platform which is on an ambitious mission to eliminate hyperinflation through the power of blockchain technology. The ambitious mission along with the current and upcoming developments give the token a bullish future outlook. The token has strong fundamentals and the current technology is also supporting the projected uptrend for the cryptocurrency. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $0.049 in a year’s time while the five-year projection places the token at $0.068.
