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What were the highest and lowest prices for Reserve Rights (RSR) coins?
Reserve Rights (RSR) reached its all-time high price of $0.2246 on May 13, 2021, during the broader crypto bull run.
Dec 15, 2024 at 01:49 am
What were the Highest and Lowest Prices for Reserve Rights (RSR) Coins?
Reserve Rights (RSR) is a cryptocurrency designed to offer stability in the face of market volatility by maintaining a stable value relative to the US dollar. Despite its design, RSR has experienced significant price fluctuations throughout its history.
Highest Prices for RSR Coins
- $0.2246 (May 13, 2021)
- RSR reached its all-time high price of $0.2246 on May 13, 2021, amidst the broader cryptocurrency market bull run.
- The price surge was driven by a combination of factors, including increased awareness of RSR's stablecoin-like features and the overall bullish sentiment in the crypto market.
- $0.1794 (December 31, 2020)
- RSR recorded a significant run-up in late December 2020, reaching a price of $0.1794 on December 31, 2020.
- This price surge coincided with the broader DeFi market boom, which saw a surge in interest in stablecoins and other financial utility tokens.
- $0.1773 (August 15, 2021)
- RSR exhibited another strong price rally in August 2021, rising to a price of $0.1773 on August 15, 2021.
- The price increase was influenced by the announcement of the RSR Reserve Protocol, a decentralized lending platform designed to provide stability to the RSR ecosystem.
Lowest Prices for RSR Coins
- $0.0018 (April 11, 2019)
- RSR reached its lowest price point of $0.0018 on April 11, 2019, shortly after its launch in 2018.
- The low price was largely attributed to the then-nascent state of the RSR project and the overall bearish sentiment in the crypto market.
- $0.0034 (November 28, 2018)
- RSR witnessed a sharp decline in price in late 2018, dropping to $0.0034 on November 28, 2018.
- The price drop occurred amidst the broader cryptocurrency market crash, which saw many cryptocurrencies lose significant value.
- $0.0068 (February 23, 2020)
- RSR experienced another significant sell-off in early 2020, reaching a price of $0.0068 on February 23, 2020.
- The price decline was primarily driven by the global economic uncertainty brought on by the COVID-19 pandemic.
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