What’s special about Reserve Rights Token (RSR)?
When the Reserve Right’s team wanted to build a long-term stablecoin, they made several design decisions, including an asset peg bound to a fiat currency for a short time but is tied to a basket of assets in the long run. It will be completely collateralized with a decentralized issuance system.
The RSV, however, a global stablecoin and a sophisticated payment system for individuals and organizations in hyperinflationary countries.
Reserve began as a fiat-pegged stablecoin that will eventually migrate to a variety of asset-backed Stable-currency.
Future of RSR Token
Ongoing Development on the Reserve Rights – RSR Github, significant partnerships/collaborations, progress made so far.
Reserve is a digital currency with a stable, real-world value that helps to scale prosperity and enable global economies to protect and use their money globally.
Reserve aims to save citizens of economies that are currently going through hyperinflation.
The Reserve Rights project is an open-source project with 23 repositories with no published releases.
The RSR smart-contract repository
The RSR smart-contract repository forked from the KyberNetwork/smart-contract repository can be found at reserve-protocol/smart-contracts and currently has 1587 commits.
Reserves Stablecoin RSV can be explored at Reserve-protocol/RSV-v2, having three significant contributors and 316 commits at the time of this post.
There’s a significant amount of development activities on the Reserve Rights Github page, and there is a lot of room for further development as the project looks to add more assets soon.
RSR partnerships & collaborations
The global stablecoin adoption and rampant hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high.
This focus, according to experts, has glossed over the fact that it is a positive development in a stable coin that will help kick off the 2021 bull market and set the pace for a bright future.
Also, the adoption of RSR in some of the countries with hyperinflation has clearly shown that RSR tokens’ future is guaranteed and will gain more in values over time as it gains mass adoption and mass usage.
Since declaring that the Reserve application would open to each Venezuelan on the shortlist, RSR has consistently expanded. The Reserve client base has developed, which has decidedly affected Venezuelans’ lives as a formidable money alternative.
Reserve Rights token (RSR) Partnerships
The RSR token project has cooperated and partnered with the following:
Other nations that Reserve Rights is looking to expand into Panama, Argentina, Colombia are additionally suffering an economic downturn and hyperinflation, which means there is no lack of users who might profit from having access to the use of Reserve Right Token.
Reserve Rights token (RSR) 2021 Road Map & Recent Update
The followings are the concise Reserve protocol road map for 2021
- While in private beta, the team will continue improving and refining the program and automating its main processes.
- There’ll also be continuous testing and release of modified iterations of the software and training many more people until there’s the confidence of scaling.
- Online transactions will be enabled to activate the application’s self-care feature.
RSR’s Competition analysis with similar projects
One of the strongest competitions for RSR is DAI. The two of them were launched in 2019 and had the potentials for the market’s growth and dominance, putting both of them in a win-win situation.
Also, Libra (Now DIEM) tends to be a close competition as it solves a similar problem as RSR.
DIEM, when finally launched, its news and exposure will prompt more of its adaptors to research RSR and instantly move for adoption because some people will trust RSR as it has been in existence long enough.
The competitions, whichever way you look at it, will not harm RSR. It will somewhat boost its acceptance, usage, and coverage, which is a positive sign of excellent liquidity.
RSR Token 2021 Price Levels and Projections
RSR/USDT Weekly Chart Analysis
The RSR vs. USDT switched its polarity to a bullish trend after breaking above the significant resistance level 0.00998 (05 Oct’ 20) on 12 Oct ’21 (0.01188) and proceed to enter the RSI overbought level-70.
After a later golden cross of the MA-10 and MA-20, subsequent price correction towards the MA-10 and significant bearish inside bar resistance exposed the presence of exhausted bears an opportunity to scale into the uptrend on 30 Nov ’20, 18 Jan ’21, and 22 Feb ’21.
The more recent price close above the 0.05922 resistance sets the stage for uncharted price levels.
RSR price prediction 2021
A bullish closing price within the 01 Feb ’21 high-low range of the RSRBTC confirms an increase in demand for the RSR token and a surge in its worth towards the 01 Aug ’20 all-time high. Similarly, the RSRUSDT could surge to 5X from the current price level to around the $0.53 price zone.
Is the RSR token a Good Investment for the future?
Considering the massive flow of BTC Bitcoin into the RSR Reserve Rights token, we expect an explosion of the RSR price in April after the closing price of March if the RSRBTC closes within the February high-low range in March.
Conversely, a monthly close above the 0.00000167 resistance of the RSRBTC would imply a possible bull-trap candlestick structure which could lead to a sharp correction of the exchange rate before the trend can continue higher.
- Market Cap projections (10x, 100x, etc.) and demand/supply scenario
Following the analysis on the RSRUSDT and RSRBTC, we can confirm an increase in demand for the RSR token as we advance further into the second quarter of 2021, and we can see a 5X rise of the Marlet Cap in 2021.
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