The Reef Finance project is a liquidity aggregator and smart profitability engine that helps investors assess the level of risk and start making profits. It is powered by Polkadot. This project simplifies user access to the DeFi ecosystem by integrating various DApps in one place. Reef Finance provides the opportunity to use the latest technologies in the blockchain world and also solves the problem of integrating new platforms with those which have already existed for a long time.
REEF is the platform’s own token that is used for management, pool staking, profitable farming as well as to pay protocol fees.
Now we invite you to consider the REEF token in more detail. According to CoinMarketCap service data (as of 27/07/2021):
• REEF price: $0.0142
• Market capitalization: $179,883,603
• Volume (24h): $33,488,728
• Circulating supply: 12.67B REEF
• Total supply: 15,934,019,762 REEF
• 24 Hour High: $0.01563
• 24 Hour Low: $0.01367
Reef Finance was founded in 2019 by Denko Mancheski. The project was launched on Polkadot in September 2020 and shortly thereafter on Binance Launchpool, making the REEF token available on the Binance Smart Chain.
The roadmap is shown on the official website of the Reef Finance platform, where you can see both the completed tasks and plans for the future. Check it out!
As you can see, the developers managed to introduce a lot of new products into the project during the second quarter of 2021. It is also important to mention:
Rebranding. The team has completely renewed their brand, now there is a new version of Reef Finance, which is more functional and informative than before.
Collaborations with many projects including:
- Aavegotchi (this is a DeFi-oriented NFT running over the Aave protocol)
- DAFI Protocol (to create synthetic dREEF tokens)
- Benchmark Protocol (for xMARK integration)
- DEIP Network (to provide REEF with DeFi investment opportunities that are based on intellectual property)
- Polkalokr (to ensure the safest DeFi investment)
- Realm (so that users can create many meta universes, create their own worlds, etc.)
- Oddz Finance (for blockchain options trading)
- Pinknode (to help creators develop the Web 3.0 protocol – Polkadot)
- Reef Chain’s developer support program
- a $20 million grant fund
- Canary, the first version of the Reef Chain Mainnet, on May 28, 2021
In general, the project is developing at great speed and is moving towards success by leaps and bounds.
Crypto community about REEF
After tracking the different opinions of crypto enthusiasts, we noticed that a huge number of them not only make optimistic price predictions that the REEF token may reach $1 in the near future, but also that the crypto community is happy with the latest Reef Finance integrations. Sure, there is also a group of crypto enthusiasts who do not consider REEF as a good investment.
REEF price prediction 2021
Based on data from TradingBeasts, the REEF price prediction 2021 will be as follows (as of 27/07/2021):
Minimum REEF price for 2021: $0.0137617
Maximum REEF price for 2021: $0.0236211
Average REEF price for 2021: $0.0175241
Year-end REEF price predictions 2021:
Minimum expected: $0.0143224
Maximum expected: $0.0210624
Average expected: $0.0168499
According to the information on the WalletInvestor service, the REEF price forecast 2021 may look like this (as of 27/07/2021):
Maximum REEF price for 2021: $0.03092
Average REEF price for 2021: $0.01289585
Year-end REEF price predictions 2021:
Maximum expected: $0.0278
Average expected: $0.02830667
Analysts of the Digitalcoinprice service offer the following REEF price prediction 2021 (as of 27/07/2021):
Average REEF price 2021: $0.0221
Average year-end REEF price expected: $0.0237
REEF price prediction 2022
TradingBeasts service experts suggest that the maximum REEF price by the end of 2022 could be around $0.0357.
WalletInvestor analysts provide us with a not so encouraging forecast. According to their data, by the end of 2022, the price will be approximately $0.017.
Digitalcoinprice believes that by the end of the year the token price will rise to $0.025.
REEF price prediction 2025
Analysts at Digitalcoinprice believe that in 2025 the price of REEF could rise to about $0.049.
In turn, Walletinvestor experts expect the token price to fall – by the end of 2025, the price may be $0.0007.
REEF price prediction 2030
According to information on the Cryptocurrencypriceprediction service, by the middle of 2030, the price of the REEF token can reach $1.43, and by the end of the year – $1.47.
Historical price analysis
All Time High is $0.05841 (Mar 15, 2021)
All Time Low is $0.003435 (Jun 14, 2021)
The original price of the REEF token was $0.035 at the end of December 2020. Then it began to decline and eventually fell to $0.006 by mid-January 2021. The price surged to $0.049 in February after Reef Finance announced its partnership with Matic Network.
Then the price dropped to $0.027 at the end of February. This was followed by a sharp jump, which led to an all-time high of $0.058 after Alameda Research invested $20 million in the platform.
From mid-March to early May, the price was at the level of $0.032 – $0.041. Another spike soon followed on May 12, when the token price hit $0.053 after the Paribu exchange announced that REEF was now available for trading.
Since then, the price of the token began to slowly fall and today it is $0.0142.
In general, Reef Finance looks like an unusual and promising project. Working on the basis of the Polkadot protocol it provides additional advantages such as a high level of flexibility, compatibility, and scalability. It is worth noting that a large number of serious investors have already shown interest in the project, including Bitcoin.com, Woodstock, Genesis Block, Master Ventures, etc. Let’s follow the development of the Reef Finance project together.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.