Are you not familiar with RSR and LUNA coins and the projects they power up? Then it’s time to fix that. In this read, you will find quick facts about these currencies. Check an RSR vs LUNA comparison and decide in what crypto asset to invest to meet your goals.
Reserve Rights: Project Overview
The Reserve Rights project was launched in May 2019. It is both a decentralized ecosystem and a movement aiming to eliminate the difficulties associated with adopting cryptocurrency due to its high volatility.
The Reserve Rights platform known as the Reserve Protocol uses blockchain technology to provide scalable, decentralized, and stable money. Two tokens circulate across this network — RSV and RSR, where:
- Reserve Dollar token is a stablecoin that preserves the 1-to-1 parity with the US dollar and allows you to receive, save, and spend traditional currency using the Reserve App.
- Reserve Rights token is a native token of Reserve Protocol that keeps the RSV value stable and revives the market when the RSV’s value drops.
RSR: Market Performance and Predictions
When the Reserve protocol was launched on October 10, 2022, its native token RSR was traded down 6% with a value of $0.00687 per coin. Since then, the decreasing tendency is traced with the drop of the value by 12.58% within a month. Today, the coin wins 141st place in the rating, holding the $152,361,904 market cap. Nearly 42,302,323,974 RSRs are circulating, which is 42.30% of the max supply. You can trade it at $0.0036 today.
By the end of 2023, the coin’s value will grow to $0.004, and by 2025 — $0.013, according to PricePrediction.net. So, you should not expect severe fluctuations or rapid value growth with RSR.
Terra (LUNA): Basic Info and Recent Developments
Terra is a payment system that was launched in 2019 with the goal to make the digital economy more flexible. It is also a blockchain-based platform that enables companies to build Web3 financial products and decentralized organizations.
Terra offers a self-stabilizing stablecoin named Terra, which is resistant to inflation or market fluctuations. This becomes possible through the neatly regulated coin demand and supply. Also, Terra’s native coin LUNA is used as a collateralizing mechanism for locking the stablecoin’s value. It absorbs the volatility of the Terra stablecoin.
The initial surge of LUNA riveted attention to this cryptocurrency. It was launched in 2019 with an initial price of $0.5 and spiked to $30 within an hour. Yet, it saw a stunning collapse along with the Terra blockchain after mass withdrawal by investors in May 2022. After reaching an all-time high value of around $120 per coin, it flopped to $0.
Does LUNA Have a Future?
Today you can trade a LUNA coin at $1.54. In the past 24 hours, its volume has decreased by 46%. Currently, LUNA ranks the #121 coin in the crypto ecosystem. Its circulating supply measures 127,475,474 LUNAs.
PricePrediction.net thinks that LUNA can approach its ATH ($19.5) in 2028, showing a slow but positive price tendency.
Final Words
Being associated with blockchain projects that have a similar focus, RSR and LUNA tokens have proven to perform differently on the crypto market. Whichever coin you choose for your investment or asset acquisition is totally up to you.
If you are considering swapping other coin pairs like SOL to MATIC, it will do no harm to go and check what values they have today.