$RSR
Reserve Rights (RSR) Analysis
Overview: Reserve Rights (RSR) is an ERC-20 token that serves two main purposes within the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing and voting on changes to their configuration. The Reserve Rights token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
Key Features:
Governance Token: RSR holders can propose and vote on changes to the configuration of RTokens.
Overcollateralization: RSR provides a backstop to make Reserve stablecoin holders whole in the unlikely event of a collateral token default.
Staking: RSR holders can stake their tokens on RTokens to earn returns.
Revenue Sharing: Stakers can expect higher returns the bigger the market cap of the RToken they stake on becomes.
Company Details:
Founders: Nevin Freeman and Matt Elder.
Nevin Freeman: A seasoned entrepreneur with a goal of solving coordination problems that are stopping humanity from achieving its potential.
Matt Elder: An experienced engineer who previously worked for Google and Quixey.
Mission: To create a decentralized and inflation-resistant world reserve currency that is not pegged to any fiat money.
Market Sentiment:
Current Price: $0.009756 USD.
Market Cap: $521,180,241.
24-hour Trading Volume: $36,301,959.
Market Sentiment: Bullish, with a 93% bullish sentiment and a Fear & Greed Index score of 77 (Extreme Greed).
Recent Performance: Over the last 30 days, RSR has had 17 green days out of 30, with a price volatility of 12.19%.
Market Sentiment Analysis
The market sentiment for RSR is currently bullish, with a high level of optimism among investors. The Fear & Greed Index score of 77 indicates extreme greed, suggesting that investors are very optimistic about the future price movements of RSR. The technical indicators also show a strong short-term and long-term trend, with both the 50-day and 200-day moving averages rising.