Jimmy AkiThe Reef blockchain is one of the top decentralised finance (DeFi) protocols. Recently, Reef transitioned from being a sole DeFi platform to a fully functional blockchain. Its value propositions are higher transaction throughput, lower fees, and deviation from wasteful mining. With more interests brimming in the decentralised economy, investors are keen to discover a Reef crypto price prediction given the project’s strong fundamental use cases.
In this guide, we will explore the Reef blockchain and attempt a Reef finance price prediction for the coming years.
Reef Crypto Price Prediction 2022
The Reef token price has witnessed several bullish and bearish seasons. With the project’s strong use case, these are the likely price pegs for the coming years:
- End of 2022 – Reef’s rollout of its crypto debit card hits the public space as it allows users to spend their digital currencies. With more real-world utilities, payments can be made using this crypto asset. This could see the REEF token hit $2 by December 2022.
- End of 2023 – Reef’s partnership with NFT marketplace platform Vefi yields positive returns. The platform’s growing use case could propel the digital asset even further in the coming year. Our Reef coin price prediction sets the asset in the $5 range.
- End of 2025 – Reef blockchain is EVM-compatible as it runs liquidity bridges between Ethereum and the Reef blockchain. This would allow users to send and receive ERC-20 tokens. With the Reef blockchain able to tap into the star-studded Ethereum ecosystem through its liquidity bridges, REEF token would become even more valuable in the decentralised economy. This would push the price up to $8 and above by 2025.
Reef Crypto
| ® Coin Name | Reef |
| 💲 Price | $0.0026244 |
| 🔆 Coin Symbol | REEF |
| ⏳ Price Change 1h | 0.18% |
| 🌕 Price Change 24h | 2.37% |
| 💵 Market Cap | $58,766,872 |
| 🥇 Rank | 367 |
| 🌐 24h Volume | $7,298,708 |
| 🔄 Circulating Supply | 22,392,519,417 |
| 💰 Total Supply | 22,392,519,417 |
Reef Crypto Price History
The crypto market is principally driven by the price movement of the first digital asset, Bitcoin. Bitcoin controls a significant share of the crypto market, and its bull run or downtrend significantly impacts the price movement of several altcoins.
The REEF price peg stood at $0.023 in late 2020 before nose-diving to $0.0070 in early 2021. Strong bullish activities saw the digital asset make multiple price rallies as it hit the $0.03 price peg before temporarily retesting the $0.026 support level.
The governance token surged to $0.04 on February 3, 2021, while making necessary price dips throughout that month. March’s bullish rally of Bitcoin to the $30,000 mark pushed the Reef finance price to $0.0499 with slight intermittent bearish cases throughout the third month.
Meanwhile, the crypto asset hit an all-time high (ATH) of $0.051, recording $1.1 billion in 24-hour trading volume on May 11, 2021, a few days before the year’s crypto winter. The ban on crypto mining in China and the decision by Tesla to suspend Bitcoin purchases of its electric vehicles (EVs) negatively impacted the crypto space.
REEF saw strong resistance at this price peg as it dipped to $0.035 in late May. The continued bearish activity saw the price peg of the digital asset plummet further to $0.0121, and the digital asset traded sideways for the following month.
November 2021 came with a bit of relief as Bitcoin surged to a new ATH. Reef saw its price peg surge as the digital asset reclaimed the $0.0357 price peg after a five-month bearish control. However, the digital asset nose-dived and closed the year at $0.01834.
2022 started on a poor footing for the broader crypto market as the blockchain-based industry dropped from the $2.5 trillion market value to trade under $2 trillion. Reef blazed a trail of red similar to other struggling projects. REEF has continued to go downhill and it hit a 52-week low of $0.0037 in mid-May following the Terra blockchain crash. REEF has continued its downtrend and is currently trading at $0.0034.
Reef Finance Price Prediction 2022
In the past month, Reef has been expanding its ecosystem. Reef partnered with OpenFabric to leverage the power of artificial intelligence (AI) in developing Web3-based applications or dApps. This will allow developers to build custom and top-notch dApps using AI and machine learning (ML) algorithms.
Reef has also been working to make it easier and faster to launch Web3 projects on its platform. In another round of partnerships, Reef announced a collaboration with Polkadot’s infrastructure provider Onfinality to launch a software-as-a-service (SaaS) suite of services. This will provide access to efficient development tools and enable developers to launch their projects 100x faster and easier.
Hence, these are our Reef crypto price predictions for the remaining months of this year:
- July 2022 – The current bearish streak would continue to repress price jumps. However, a broader market correction could see REEF shift one decimal point to $0.012.
- August 2022 – The crypto market will likely enjoy a change in trajectory from the bears to the bulls. This could help REEF attain another level of support and sit at the $0.015 price peg.
- September 2022 – Once the Reef Card reaches all waitlists, the Reef ecosystem will likely open up to new users. The REEF token, which powers the platform, will possibly benefit from this increased adoption. As a result, our Reef crypto price prediction for September is also positive and puts the digital asset at $0.021.
- October 2022 – The bulls should be back fully by this time and altcoins like REEF should be making significant strides. REEF could pump to $0.09 by the end of the tenth month.
- November 2022 – Once the bulls retain absolute control of the price action, crypto prices will continue to skyrocket. REEF would likely follow the broader crypto market. The digital asset should hit the $1.6 price peg before the month ends.
- December 2022 – With the year closing on a positive note, REEF could be trading at $2.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Reef Crypto Price Prediction 2023
Blockchain technology has been hailed as a ground-breaking technology due to its reliance on decentralised transaction systems. To fast-track the development of the crypto space, a growing number of protocols are combining new technologies in order to address the rising demand.
Reef’s reliance on a Substrate-backed framework speaks volumes about its intent. Accordingly, the layer-1 blockchain has taken it a step further and made new integrations in the past month. One major integration is with Polkadot’s infrastructure development giant, Onfinality. Ethereum’s development rigours have made it difficult for developers to launch dApps quickly and easily.
Reef is changing all that through its partnership with Onfinality. Allowing developers to launch their projects with their extant knowledge of Ethereum’s Solidity programming language 100x faster means users can move from ideation to execution and launch much more rapidly.
The addition of AI and ML algorithms brings to the fore another level of sophistication on the Reef blockchain. This will allow developers to access an entire ecosystem of node market hubs and also build with less lag on their production.
Such strong fundamentals are a marker for outlier projects, and the Reef blockchain is one. With this, Reef would see its price peg scale to new heights once the bulls make a sustained effort to sway the crypto market in their favour. Our Reef crypto price prediction for 2023 stands at a strong $5.
Reef Coin Price Forecast Long Term Outlook – 2025 Prediction
DApps use case will continue to grow as the decentralised economy penetrates more of the traditional financial system. All-inclusive layer-1 blockchains will see increased developments on their networks as more developers turn to the Web3 ecosystem. Given its wide net covering DeFi, NFTs, Metaverse, and GameFi, Reef is expected to be a top spot for smart contract developments.
Its high scalability, interoperability, low energy density, and low transaction costs could see Reef placed alongside the top smart contract networks in the next three years. This would see REEF become a desired digital asset, as it would be required to build and vote on platform proposals.
Our 2025 Reef crypto price prediction is bullish, and we believe the digital asset will pump to $8 and above as DeFi gains steam.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Potential Highs & Lows of Reef Finance Coin
Below, we highlight the average price and potential low and high of the Reef token price for 2022.
| Potential Low | Average Price | Potential High |
| $0.000135 | $0.1 | $2 |
Despite a bearish note, Reef has a lot of potential to make a strong comeback before the end of the year. Our Reef crypto price prediction puts the potential low in three decimal points below its ATH and the average price at 10 cents. Our year’s potential high stands at $2 if the bulls regain control of the market.
What Is Reef Crypto Used for?
REEF crypto powers the blockchain network and serves as its utility token. Asides from this, the REEF token performs several other functions, including the following:
Transaction Settlement
Most protocol activities are settled using REEF, one of the best utility tokens. These include gas or protocol fees paid for entering or exiting a liquidity basket offered by the Reef blockchain. Also, asset reallocation, rebalancing, and transaction posting fall under the financial purview of the REEF token.
Staking
Reef is a modified proof-of-stake (PoS) network, which means validators secure the network through cryptocurrency staking. This method usually entails users locking their tokens for a set period of time to ensure the network is not taken over by a malicious actor.
The REEF token is used for this staking activity and in return, a certain percentage of the digital asset is paid after the end of the tenure.
Governance
Web3 platforms operate in a communal setting as these blockchain-powered applications allow a greater number of participants to participate in the decision-making process. The entry point is for users to own a certain amount of the network and this will serve as a way to vote on possible network proposals. REEF is used for this purpose, and holders are able to direct the activities of the network.
Collateral Backing
Since Reef blockchain offers an accessible DeFi platform, users can use their REEF tokens as collateral to secure crypto-backed loans in the ecosystem.
What Drives the Price of Reef Coin?
Strong network fundamentals play key roles in the performance of any project. For instance, the Reef blockchain has partnered with several protocols in the DeFi, NFT, and gaming ecosystems, like Vefi, Onfinality, and OpenFabric. This shows a strong use case for the Polkadot-based network.
Also, Reef is easily tradable on several top-ranking crypto exchanges, which means investor access to high liquidity. Popular altcoin exchanges like Crypto.com and Binance offer access to the digital asset.
Meanwhile, the Reef blockchain is EVM-compatible, which means it has access to Ethereum-based networks. DeFi has its origin on the foremost smart contract network, meaning some of the hottest projects are resident there. Reef’s liquidity bridges offering exposure to Ethereum projects is a major plus as users can easily convert their favourite ERC-20 tokens to REF-20 tokens in order to trade on the protocol.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to Buy Reef Crypto
The Reef crypto boasted a $1.1 billion 24-hour trading volume at the peak of its rally. As a result, several cryptocurrency exchanges have added the digital asset to their services due to their deep liquidity. Although there are several platforms that offer the REEF token, we recommend Crypto.com as the best altcoin exchange.
The platform offers a rich library of 250+ tradable crypto assets. Alongside this, Crypto.com offers deep liquidity and low costs. Users can buy Reef Crypto and other digital assets starting from just $20. In regards to fees, Crypto.com charges a starting fee of 0.4%, but this can be reduced by 10% if the user holds Crypto.com’s native token, CRO.
Crypto.com is user-friendly and offers an earning potential. Investors can earn as much as 14% on their crypto holdings on the platform. Also, on Crypto.com, users can earn up to 8% cash back rewards for using the Crypto.com Visa debit card to make purchases.
Crypto.com offers multi-factor authentication (MFA) as well as offline crypto storage capability. The platform is regulated by the Malta Financial Service Agency (MFSA) as well as several other financial watchdogs.
Cryptoassets are a highly volatile unregulated investment product.
Is Reef Coin the Best Crypto to Invest in?
While Reef has the potential to grow further in the coming years, we recommend Battle Infinity as the best crypto to invest in. The Battle Infinity project aims to revolutionize the gaming sector by combining play-to-earn (P2E) features with decentralised protocols using blockchain technology.
The Battle Infinity platform offers users the chance to take part in the Battle Arena – a metaverse-based platform that allows users and creators to take part in various P2E games. Among the popular games on Battle Arena are IBAT Premier League – the world’s first decentralised NFT-based sports fantasy league.
Battle Infinity controls the platform’s ecosystem and monetary aspects with IBAT – the platform’s utility token. Users are rewarded with shares of IBAT tokens as rewards on the Battle Arena. IBAT can also be used to swap the token with other popular cryptocurrencies through the Battle Swap feature; a decentralized exchange created within the Battle Infinity platform.
Furthermore, Battle Infinity leverages NFTs on its Battle Arena P2E game, by letting users build their unique avatars using smart contract technology. This game lets users participate by wearing VR headsets and coming together as a community to take part in events, concerns and more.
Battle Infinity is also planning an integration on PancakeSwap DEX now that IBAT’s presale sold out within 24 days since its launch. This may help make the token more popular and available to a more mainstream audience.
Interested users can stay up to date with this project by checking out the Battle Infinity Telegram Group.
Conclusion
The Reef blockchain has a lot of potential. Given its use case in DeFi, NFT, and GameFi, the project has a bright future ahead.
But we also found that IMPT is a new project that could take off. Already, it’s presale has exceeded the $1.5 million mark and is on track to sell out. Investors should act asap.
IMPT - New Eco Friendly Crypto
- Carbon Offsetting Crypto & NFT Project
- Industry Partnerships, Public Team
- Listed on LBank, Uniswap
- Upcoming Listings - Bitmart Dec 28, Gate.io Jan 1st
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This article was written for Business 2 Community by Jimmy Aki.
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