Reef Price Prediction 2023, 2025 and 2030: Is Reef the target of “Whale Pump”?

Reef Price Prediction 2023, 2025 and 2030: Is Reef the target of “Whale Pump”?

Reef Price Prediction: Reef nosedives to 1-year low: time to buy?


Reef Price Prediction: What is Reef Coin Used For?

Reef chain was developed with the purpose of overcoming complexities that arise while interacting with the blockchain i.e., it aims to simplify the trading process and make the DeFi services accessible to everyone.

Some of the use cases of Reef are:

  • It provides liquidity bridges that facilitate the movement of ERC-20 tokens between Ethereum and Reef.
  • Reef chain also helps move BEP-20 tokens between BNB and Reef through its liquidity bridges.
  • With its AI-driven system, Reef helps its users to manage their crypto assets if they are new to the crypto world. It makes the platform accessible even for beginners.
  • Its utility token $REEF can be used for governance of the network.
  • Reef automates the DeFi services including lending, mining and borrowing and helps simplify yield farming for an average user.

REEF token is used majorly for three things:

  • As processing fees for transactions and storing the data.
  • To run validator nodes.
  • To nominate which validator node will be part of the network.

Reef Price Prediction: Is Reef the target of “Whale Pump”?

Reef’s price went up by 5% in one day (as of November 15th). Its current price at the time of writing is $0.0033. Note that, a few hours ago, it was more than 10% up. Here, the noteworthy point is that its 24-hour volume is continuously declining. Its 24-hour volume at the moment is $41,558,525 and is decreased by more than 30% in one day.

Reef’s price is going up, but its volume is declining. So, what does that mean?

In technical terms, the 24-hour volume represents the total value of a cryptocurrency traded in the last 24 hours. Hence, declining volume means a decline in that crypto trading. In the case of REEF; its trading volume in the past one day declined.

Sharkscan.io reported the $50,000 worth of Reef coins at $0.0032, reported in two transactions (on November 14th). It means that the sudden increase in the price of the Reef might be due to Crypto Whales or in other words, it is a sort of “Whale Up”.

Here, what happened is, Reef was bought in bulk by whales and then its price suddenly increased. That’s the probable reason why the increase in the price might not hold up to the same levels which can be seen by the rate at which it is self-correcting.

Reef Price Prediction: Reef coin latest news

Reef Price Prediction
Image Source: Twiiter

Recently, on November 4th, Reef Finance announced the launch of Isekaiverse’s decentralized Anime Metaverse to the Reef Chain. Note that the Isekaiverse is a next-generation anime Metaverse which is based on a TV show named Mystic Reign. It is an excellent platform for gamers and anime lovers. Isekaiverse is also planning to integrate a gaming ecosystem having NFT land games and real-time strategy battle games.

Reef Price Prediction

According to their official report, Reef welcomed Isekaiverse to its ecosystem to support its unique idea and to deliver various new opportunities to its users.

In another tweet on November 2nd, Reef announced the listing of $REEF in the Innovation Zone of Bitget Global (one of the leading crypto exchanges).

Reef Price Prediction
Image Source: Twitter

Reef Price Prediction

The current market price of REEF is $0.004173 (as of November 9th) and is decreased by 29% in 24 hours.

Reef Price Prediction
Image: 24-hour graph for REEF

Before predicting whether REEF is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:

Reef Price Prediction
Image: 12 months graph for REEF

2022 has not been a great year for the crypto market and REEF is no exception. Above is its graph for 1 year and as we can see that the prices are continuously falling since then.

Looking at Reef’s graph for 3 months (attached below), we can see that the decline is not actually continuous and it has peaked many times before falling down.

Reef Price Prediction
Image: 3 months graph for REEF

Want to Invest in Reef Coin? Invest here through KuCoin

Now, let’s have a look at various factors that can affect Reef’s price in the near time:

  • Its competitors and alternatives: The notable competitors of Reef are Orion protocol and Acala Network.

Looking at their recent performance, we can see that Orion’s price has decreased by 58% in the last 3 months while Acala’s price is decreased by more than 158% in just three months. In comparison, Reef’s price is decreased by 39% in the past three months, meaning that Reef is performing better than its competitors as of now.

  • Social media sentiments: If we look at Reef’s social media engagement for the last 1-month, we can see a decline of 13.8%.

But the engagement has increased since the weak by more than 28%, which means that more people are looking forward to the coin.

Reef Price Prediction

Image representing Reef’s social media engagement for the last 1 week; the blue line represents its total engagements and the red one represents its total market volume

The coin has an all-time price of $0.052 and its current market price is $0.004173. It means that the price can go as high as 114% to reach its all-time high.  This leaves great scope for its positive growth in the future which can be a good thing for the buyers.

Reef Price Prediction
Image: All time graph for REEF

Reef Price Prediction: Reef coin – comparison with competitors

Before exploring various alternatives or competitors for reef finance, we first need to explore its major audience.

As we have discussed that Reef chain is an EVM-compatible blockchain which means that it is compatible with Ethereum Virtual Machine for writing and deploying smart contract codes. Hence, it is recognized by the Ethereum nodes.

Hence, Reef’s major audience is the investors who want to develop the next generation of Defi applications including NFTs and gaming applications.

Below mentioned are the competitors for Reef finance:

Orion protocol– Orion protocol was also developed with the aim to provide traders with the best prices to trade their tokens across various exchanges and platforms. It provides a single and non-custodial platform for the crypto market and goals to bridge the crypto world with real-world assets. Orion Protocol’s estimated revenue is $2.5M per annum as compared to the Reef’s estimated revenue of $90.3M.

Acala Network- It is another DeFi platform that is built for the Polkadot. Acala Network hosts a lot of financial applications which use smart contract technology. Just like Reef, Acala is also compatible with Ethereum, meaning that it maintains interoperability between Ethereum and Polkadot. It even has its own Virtual Machine for helping the developers to develop DApps. Compared to Reef’s annual revenue of $90.3M, Acala’s estimated revenue is $11.7M per annum.

VoltSwap- Unlike Reef Finance, VoltSwap is not built for the Polkadot ecosystem, but has very similar functionality to that of Reef. Built for the Meter ecosystem, VoltSwap creates NFT based smart wallet for users to facilitate them with liquidity mining programs without leaving their wallets. It means that the users can swap a huge number of tokens with very fast transactions and low fees.

Reef Price Prediction: Latest Video

YouTube video

Reef Price Prediction: How is Reef Different from the competition? Is it any different?

Let us try to understand the advantages of Reef Finance over its competitors and then conclude if it is better or not.

  • Reef is compatible with numerous Defi Wallets including Metamask, Torus, WalletLink and Walletconnect. It means that the users can easily convert their assets to the Reef token.
  • It is compatible with Decentralized and Centralised exchanges both.
  • It has partnered with the world’s largest exchanges including Binance, Uniswap etc.
  • Being on the Polkadot ecosystem, offers the scalability and security of that network.
  • Comparative to its competitors, Reef provides its users with very low fees on the network.
  • Reef finance helps its users to find the best yield rates by pulling liquidity from different sources.

Let’s compare Reef Finance with its above-mentioned competitors:

 Reef FinanceOrion ProtocolAcala NetworkVoltSwap
What does it doIt facilitates the transfer of liquidity and tokens between different blockchains.It provides users with the best possible rates to trade their tokens across multiple platforms.It hosts numerous financial applications using smart contract technology.It helps the users to subscribe to numerous liquidity mining programs without their tokens leaving the wallets
Last 3-months performance-39.4%-58%-158%-115.4%
Last 1 month’s performance-60%-6.8%-41%-13.9%
Social Media Sentiment (Last 7 days)+28.9%+42.6%  
Network on which it is operatingPolkadotPolygonPolkadotMeter
Table: A comparison of Reef Finance with its competitors

Orion protocol- Reef finance is integrated with 9 platforms (including Binance, Metamask, Torus, WalletConnect, Substrate, Huobi, NFTify, WalletLink, and KwikSwap) in comparison to Orion’s 11 integrations with Metamask, Fortmatic, Trezor, WalletConnect, Ethereum, WalletLink, Authereum, Ledger, Portis, Orion Terminal, and BNB Chain.

Orion’s major audience is the people looking for a platform to stake their crypto while Reef’s major audience is the people looking for a platform to build DeFi DApps.

Acala Network- Acala Network also has 11 integrations (Blockdaemon, Telegram, Metamask, Polkadot, ChainX, Ankr, Centrifuge, IndexZoo, Chainlink, and KwikSDwap) in comparison with 9 integrations of Reef Finance.

The major audience of Acala Network is investors looking for the Defi network of Polkadot.

VoltSwap- Unlike Reef Finance, VoltSwap has just 6 integrations namely with Meter, Meter Passport, MetaMask, WalletConnect, Ethereum and BNB Chain.

The major audience of Voltswap is the traders looking for a DEX platform on the Meter blockchain.

Also read: Cardano Price prediction

Reef Price Prediction: Is Reef Coin a good investment?

As discussed, Reef finance is an excellent platform to develop the new generation of Defi products and services and also has many advantages over its competitors. Now, the question arises is that “Is Reef coin worth investing in?” Let’s discuss:

The reef’s value is currently down by around 30% since the previous day and it is very lower than its all-time value of $0.52.  Keeping in mind its lowest price, it can be a good investment to buy. But prices are not expected to grow very fast in the nearest future.

Let us compare Reef with Cardano and Solana (other main players for NFT and Defi) to see if Reef is a good investment for the long term or not.

 Reef FinanceCardanoSolana
Role in DeFi spaceReef makes the Defi applications easier to use by lowering the entering barriers for trading.It allows the creation of tokens and Defi apps by the developersIt provides the functionality of smart contracts, which is a big thing in the Defi space.
Gas feesAround $0.000340.73 ADA (Around $0.25 currently)$0.00025 per transaction
Table: A comparison of Reef with Cardano and Solana

Reef distinctively offers developers with low-transaction fees and compatibility with EVM. Also, it is a lot easier to port different projects from the ecosystem of ERC-20 to REEF-20 which is again developer-friendly. Being on Polkadot’s system, transactions are even faster compared to the other ecosystems.

According to the reports, REEF can be worth $0.016 by the end of this year. Although, with its multiple use cases, Reef finance is always a worthwhile investment, if you are looking for long-term returns.

Reef Price Prediction – 2023, 2025, 2030

Although the price prediction cannot be 100% accurate, deep analysis and the coin’s past performance can indeed predict its future. Let’s try to forecast Reef’s price for 2023, 2025 and 2030:

Reef coin has shown tremendous growth since the time of its launch in the market and has provided its investors with excellent returns. In 2021, it reached its all-time high price making it one of the best crypto in its niche.

Currently, the Coinmarketcap ranking for Reef Coin is #194 and has a market capitalization of $85,610,881. Comparing the market capitalization of REEF with that of 24 hours ago, it is down by more than 26%. Despite its current fall in price (which is dependent on various factors such as negative market sentiments, increasing Consumer Price Index in the US etc.), analysis says that Reef coin will continue to grow and reach a value of $1 in the next 8 to 10 years.

Reef price prediction 2023; according to the reports, the price for Reef coin is expected to be at least 0.009. It can also reach up to a maximum of $0.011 in the coming year. While the average price will be $0.009, it can certainly hit more than in the case of a bull rally.

Reef price prediction 2025; research predicts that Reef’s price can reach up to a minimum price of $0.018 and a maximum price of $0.022. Its average price will be $0.019 in 2025.

Reef price prediction 2030; the price of Reef coin is expected to grow and reach a minimum price level of $0.13 and a maximum price level of $0.15 with an average price of $0.13. It is expected that the crypto market can certainly enter a new age by then and hence, Reef can hit a new all-time high value.

REEF Price Prediction Today

Overall OutlookNeutral
1. Market's WisdomNeutral
1a. Market DataPartially Positive
1b. Technical RecommendationSell
2. Crowd's WisdomNeutral
2a. Social Media BuzzNeutral
2b. Social Media SentimentNeutral

Reef Price Prediction: About Reef Crypto

Reef Finance (REEF) is a blockchain-based platform that provides services related to Decentralised finance. The project is built on the ecosystem of Polkadot. The native token (crypto) of Reef Finance is termed REEF. Note that Reef Finance operates with both i.e., decentralized and centralized exchanges.

The good thing about Reef Finance is that it is fully decentralized, enables low-cost transactions and also allows the developers to migrate their Decentralised applications from Ethereum without changing the codebase.

The crypto is listed on Binance, Bitfinex & Gate.io (centralized exchanges) and Uniswap & 1inch (decentralized exchanges). Among the mentioned exchanges, Binance offers the maximum number of pairs to trade for REEF.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

~ Charu Taneja

Charu Taneja

Charu Taneja

This site uses Akismet to reduce spam. Learn how your comment data is processed.