Reef Price Prediction 2023 – 2030
- What is Reef?
- What is Reef Used For?
- Working of Reef
- REEF Token
- Reef Price History and Technical Analysis
- Reef Price Predictions: 2023-2030
- Reef Price Predictions 2023
- Reef Forecast 2024
- Reef Price Prediction 2025
- Reef Price Prediction 2026
- Reef Price Forecast 2027
- Reef Price Prediction 2028
- Reef Price Prediction 2029
- Reef Predictions 2030
- Frequently Asked Questions
- Buy Reef
What is Reef?
Reef Finance is a blockchain-based platform designed for DeFi and NFT. REEF is an abbreviation of Reliable, Extensible, Efficient, and Fast blockchain. The layer-1 blockchain of REEF Fiance is called the Reef chain. REEF coin is an Ethereum-based Virtual Machine-Compatible smart chain specifically designed for smart contracts. Existing applications can be ported from Ethereum to the Reef chain without modifying its solidity code.
|Price Change 24h||-8.26%|
|Price Change 7d||-0.86%|
|Circulating Supply||22,270,011,429 REEF|
|All time high||$0.05841|
|All time low||$0.002201|
|Reef ROI||No Data|
Reef integrates the best features of Decentralized finance. It is characterized by its low transaction fee, scalability, dApps, and no wasteful mining. DeFi is rapidly growing, and it is because many professional investors have entered the market. The Reef coin is built with a substrate framework, and it has On-Chain governance. In addition to that, it works with Nominated- Proof -Of-Stake consensus and State of the art cryptography. The chain community governs the Reef, and it is self upgradable through the community-elected technical council.
The Reef cryptocurrency was founded by Denko Mancheski in 2019 with the aim of simplifying access to DeFi. Hence Reef provides a one-stop platform for access to Binance, Smart-Chain, Avalanche, and Cosmos. This avoids the creation of numerous accounts and passwords. Unlike other blockchain technology, Reef allows the user to contract and operate multiple chains from a single platform.
The Reef ecosystem aggregates opportunities of DeFi together; it consists of the following things. Firstly a Reef app, which is a wallet and a token creator. Secondly, a Reef extension, a browser extension, facilitates interactions with Reef. Thirdly, Reef scan block explorer to interact with smart contract deployed in Reef. Finally, a Reef Swap, which is a decentralized exchange for Reef tokens.
The Reef chain includes REEF 20 tokens and NFT, liquidity bridges for transferring liquidity between Ethereum and REEF, DEXs, and AMMs for trading REEF, 20 assets on decentralized exchanges, stablecoins, and money markets to hedge volatility, earns interest on stablecoin loans.
What is Reef Used For?
The Reef chain has certain unique features that help the user handle smart contracts and DeFi services seamlessly. Some of its features are given below.
- Global Liquidity Aggregator: Reef has a Global liquidity aggregator that aggregates liquidity from both centralized and decentralized exchanges, liquidity pool, and other sources into the Global liquidity aggregator.
- Smart Yield Farming Aggregator: Reef serves as a single opening point for retail investors and fund managers to enter into DeFi; it concentrates on eliminating the complexities and issues of DeFi. In addition to that, staking, lending, borrowing, and mining also occur through the smart yield farming aggregator.
- Artificial Intelligence Personalized Smart Engine: It stands to source intelligence to on-chain DeFi smart contracts, and it helps with decision-making.
- The smart asset manager of Reef helps with active asset rebalancing of asset allocation; users can adjust their asset allocation between different baskets of DeFi. Since it works with an AI engine, it provides guided asset management with intelligent recommendations. So if the user is confused with the asset allocation, the system helps with smart suggestions. In addition to that, different DeFi baskets provide diversification in asset allocation.
Compared to other projects in DeFi and smart contracts, Reef offers low technical entry barriers to investors of DeFi. Reef enables cross-chain integration across several DeFi protocols. Moreover, Reef is decentralized and non-custodial, which means the user handles and stores the assets, not the platform.
Working of Reef
Reef operates differently. It consists of a chain of several smart contracts. Cross-chain connections with the DeFi platform are realized with a ‘Reef Basket Engine.’ So it is the entry point into the system. The Reef intelligence engine and Reef smart yield engine are situated within the basket engine. Smart yield engines generate baskets of digital assets in which users can invest while earning a yield.
It uses AI technology. ‘Smart Yield Engine’ offers decentralization and community-driven governance. Reef’s intelligence engine is an oracle data gathered from different sources for on-chain proxy. Hence, users can get real-time data such as changes in and activities of the liquidity pool and asset price variation with the help of the Intelligence engine.
Both the engine together support the Reef basket engine for accurate functioning. Reef Basket Engine communicates with liquidity aggregator and analytics engine. With this, users can invest or diversify their DeFi into other platforms. There is no necessity to manage the outputs of activities manually. Major Reef-supported chains include Binance Smart Chain, Plasm, Moonbeam, Avalanche, and Ethereum.
Reef token is the native cryptocurrency of Reef finance which is a utility token used for gas fees and on-chain governance. An ERC-20 tradeable asset token is available on Ethereum and Binance smart chain, and holders can convert it into a native token with a 1:1 ratio. It is backed by Venture capital and investors such as NGC, QCP, Bitcoin.com, TRG Capital, Genesis block, Krypital group, Kinetic capital, and LD CAPITAL. The major use cases of the Reef coin include:
Governance: REEF holders can vote for governance proposals in the chain and its changes, the release of new technology, changes of system parameters, etc., and earn rewards by participating in the governance mechanism. Validators are elected by nominators way NPoS.
Protocol fees: Activities such as entry and exit to allocation, reallocation, etc., are paid using REEF.
Staking: Holders can stake REEF coins to get back rewards.
Yield distribution: Users can choose the payout ratio of the profit generated by the activities in their allocation basket.
Reef coin was initially listed with Binance in Dec 2020. The total token supply was 20,000,000,000 REEF. Among 600,000,000 REEF are allocated for Binance Launchpool Allocation, which was 3% of the total supply, 7.14% was allocated for seed sales, 8.33% allocated for strategic sales, 5.6% for private sales, 16% allocated for the team, 12% for ecosystem development, 29.9% for protocol emissions and liquidity rewards, and finally 17.56% for the foundation.
Reef Price History and Technical Analysis
REEF’s price today is trading at $0.002693, with a 24-hour trading volume of $10,599,707. The total market cap is $58,706,576, with a circulating supply of 21,784,648,325 REEF. The all-time high was noted at $0.05841 on March 15, 2021, and the all-time low was $0.006623 on January 13, 2021.
Analyzing the past price data of the REEF coin, it started trading on December 23, 2020. The all-time low was noted in the initial days after its listing with Binance. REEF actively traded in the first quarter of 2021; almost three times, it was tested at the $0.05 resistance level and marked an all-time high in March 2021.
From May 2021 onwards, a downward trend was initiated in the coin, revealing a waning negative momentum, and prices sunk to $0.0125. REEF coin began a downtrend in the year 2022 and had been trading with majorly low volatility. Subsequently, bears dragged the current price near the $0.002 mark. As of now, the coin is trying for an upward trend in the year 2023. Volume is volatile, creating highs and lows, and candles are mixed for the past few trading session.
Analyzing the support level and resistance level data, it can be concluded that the immediate resistance is placed at $0.003; if REEF crosses this level, the next resistance is placed at $0.004 and then at $0.005. A major resistance level is placed at $0.01. On the opposite side, nearby support is placed at $0.0022. Major support is placed at $0.0010.
In a nutshell, market sentiments are neutral for the coin. Concluding the technical indicators, most indicators are slightly bullish. So, long-term investors can look for an opportunity in the token because it is convincing for the long term based on past price moves.
Reef Price Prediction: 2023-2030
The cryptocurrency market is evolving day by day, and more professional investors are entering the crypto market. REEF was a good investment in the past, as it gave decent returns. Advanced DeFi and smart contracts projects are common and competitive in the blockchain technology industry. Let us have a look at Reef’s cryptocurrency price prediction for long-term investment.
Reef Price Predictions 2023
The Reef price forecast for 2023 may begin with a minimum price of $0.0022 and the maximum price of $0.0055. It is necessary to hold the position as per the best crypto prediction. The future average price for the year may be $0.00385, which is very decent compared to the current value.
Reef Forecast 2024
REEF price is expected to have a maximum price of $0.0070, just like the previous year; a marginal rise is expected, which may take the average price of Reef to $0.0060. REEF price is forecasted to have a minimum level of $0.0050 by the end of the year. This means all the bounce-back expectations are diminished over time.
Reef Price Prediction 2025
The future price of Reef is bullish, and 2025 is anticipated to begin at $0.0080; there is a slight price rise expected in the first quarter. As per our Reef price prediction, prices may hit a maximum of $0.0095. The average trading price may be around $0.00875 and by the end of 2025.
Reef Price Prediction 2026
As per our Reef price prediction, the average price of Reef may be $0.06 with a maximum level of $0.011. At the same time, the minimum level is predicted to be around $0.010.
Reef Price Forecast 2027
The maximum future price of REEF is anticipated to be around $0.015 in the year 2027. REEF price prediction shows that it may hold a minimum value of $0.010 based on our REEF predictions.
Reef Price Prediction 2028
For the year 2028, the maximum price is anticipated to touch $0.020 as per the REEF predictions. It is expected that there might be a huge turnover in the prices of Reef cryptocurrency, and the average price might be around $0.017.
Reef Price Prediction 2029
The Reef price forecast suggests that the minimum price may be near $0.022, while the predicted maximum price may be $0.025. The average price forecast throughout 2029 is expected to be near $0.0235.
Reef Predictions 2030
Reef price predictions show the price may trade at a maximum of $0.035 in 2030, with a minimum price of $0.025. It is a profitable investment for the long term and it is a good buy opportunity at the current price.
Frequently Asked Questions
Is REEF a good investment?
Based on Reef price predictions, Reef may not be worth investing in, in the future. The above article is for information purposes, token movement may change from the predictions, and future digital coins price depends on various factors. Hence, an accurate long-term price prediction is not possible in the cryptocurrency market. So invest in Reef wisely. Own research and a bit of investment advice are recommended before taking an entry.
Where can I buy REEF?
REEF is available at major crypto exchanges. It is listed in Centralized exchanges such as Binance, Huobi Global, Gate.io, and Bitfinex. However, Binance has the largest number of pairs. It is also available in Decentralized exchanges such as 1inch and Uniswap.
How much will Reef be worth in 2030?
As per our Reef forecast, the average price of Reef is anticipated to be around $0.030, with a maximum price of $0.035. The minimum price of Reef in 2030 might be around $0.025, as per our Reef prediction.