For RSR to hit $1 it would have to get bigger than chainlink

for RSR to hit $1 it would have to get bigger than chainlink

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It will be waaay bigger than Chainlink. Thats why Altman invested in it.

> RSR burns
> RSR locked for arbing means less in circulation

>LINK is $3B
>TRX was $12B
>ADA was $20B
>crypto mcap will be multiple larger than last cycle

Do you think RSR is the next Link OP ?

>6% circulating supply
Yeah I don't think so

>assuming chainlink does not increase it's mcap during the bullrun

can you explain circulating supply to me? a brainlet

dr ns
56$

Circulating supply is what the team has put out on the market so far, meaning they can dump 94% of the rest of the tokens. RSR fully diluted is 1B mcap already. This will go up by maybe 10x and that's it

>He doesn't get it

FUD
The tokenomics mean we will never reach the fully diluted mcap. Read the whitepaper

haha lol INDEED

Also it not being used in the US is a red flag for me. The US is such a big market.

Nevin market selling 940M tokens on Huobi confirmed

Dying market
cryptomode.com/the-making-of-europe-as-cryptocurrency-capital-of-the-world/

So what? Why do we care if RSR is $1 or not? RSR isn't the stable coin, RSV is, and RSV is hovering around $1 right now. Reserve protocol buys/sells RSR/collateral for RSV to keep RSV stable.

>The US is such a big market.
Please.

is this supposed to be fud? Link literally is bloated due to years of neet gibs from bizlets. RSR is an actual monster

>Can't even legally buy half of cryptos in US
Nice freedom. Almost as bad as China or Russia

LOL RSR will NEVER
NEVER be adopted
it doesn't mean anything that thiel or coinbase invested in them
they have money to blow on "what if" projects
and that's exactly what RSR is

Just wait to buy till it hits the US for peace of mind

Market cap bollocks.
This is crypto not stocks.
$56

If YOU don't have money to blow on what if projects, stay the fuck away from crypto pajeet

The app is only usable in Venezuela right now. This is called a rollout test market. Right now, just pulling from google app stats, _at least_ 1 in every 5800 Venezuelans have installed the app. And they haven't really begun marketing yet.

As for the coins themselves, you can buy them in any country, just find someone to sell them to you. Reserve is actively discouraging US exchanges from listing RSR/RSV for now because they don't want to be classified as a security until they're prepared for the maze of red tape and risk that US securities law imposes. This is a buy signal.

if the LINK token wasnt $10, the project would be dead already

do linkies actually realise that they are burning $20m-50m PER MONTH to run their oracle network? They even had to reduce the frequency of oracle updates because they are raping through funds so much
Who the fuck is going to replace that? The project success is literally dependent on LINK pumping, if it went back to $1 it would be unironically over

All the partnerships like SNX are just using LINK oracles by reading the data directly from the chain because the whole thing is free and paid for rn from ICO funds
When the time comes to actually pay for this data, LINKies hope that the brand name after subsidising 100% for 2 years will mean SNX etc will continue to use their oracles and pay for it, but at that point its a free market and they could just go with anyone

Saving this

Good chance of it being adopted in countries with hyperinflated or unstable local currencies, which is where RSV/RSR is targeting for adoption.

Would you rather buy your groceries with local currency whose value wildly fluctuates in the time it takes you to get to the store or pay bills shortly after payday when you are unsure what your salary is actually worth this month?
RSV holds a stable value and solves this problem.

>countries with hyperinflated or unstable local currencies
Like the US?

I'm only 100k away from 1M. This is gonna be a comfy ride.

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no, like Venezuela. the USD isn't experiencing hyperinflation yet. the plan for reserve is to decouple from USD and eventually collateralize with a mix of currencies and commodities as a hedge against inflation. However, as an emerging tool, RSV dollar parity is an important psychological factor.