Reef (REEF) Price Prediction: Will REEF Price Hit $0.014177 in 2022?

• Bullish Reef (REEF) price prediction ranges from $0.012613 to $0.006499.
• Analysis suggests that the REEF price might reach above $0.014177 soon.
• The REEF bearish market price prediction for 2022 is $0.002847.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Reef (REEF) is one of them.

Reef chain is a DeFi blockchain that is compatible with EVM. It can handle a high volume of transactions with small fees, and no unnecessary mining is performed. Substrate Framework was utilized in its construction and had decentralized on-chain administration.

If you are interested in the future of REEF and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Reef (REEF)?

For DeFi, NFT, and gaming, Reef is a reliable, extensible, efficient, fast, layer-1 Blockchain. Substrate framework, used in its development, offers high scalability, almost instantaneous low-cost transactions, and support for Solidity and EVM, enabling developers to quickly move their DApps from Ethereum without changing the codebase.

The most sophisticated EVM-compatible blockchain is Reef Chain, which has on-chain governance and is self-upgradable. Additionally, its infrastructure supports EVM extensions, enabling a native token bridge, scheduled calls (also known as recurring payments), and smart contract in-place code upgrades. 

It will soon support more VMs, enabling programmers to write code in various programming languages. The nominated proof-of-stake (NPoS) consensus mechanism used by the network provides scalability and low transaction costs.

Any DeFi protocol that has already been deployed on Ethereum or a network compatible with the EVM can be made to work on the Reef chain with just a few small changes to the code. Anyone with a Web3 wallet interested in using dApps on Reef can access the Reef ecosystem because Reef Chain bridges this gap between Polkadot and Ethereum and provides access to other blockchains.

Reef is extensible and can support multiple VMs (Virtual Machines) and extensions for currently used, widely used VMs like EVM because it was built on Substrate (Ethereum Virtual Machine). It has both on-chain governance and on-chain upgrades functionality, allowing any new features to be quickly pushed through the networking layer.

To bind to potential validators, nominate potential validators, and secure the Reef network, Reef employs a nominated proof-of-stake system. This enables low-cost, nearly instantaneous transactions with average completion times of 10 seconds. Those who lack the technical know-how to manage a Validator node can serve as Nominators. 

Nominees protect the Reef Relay Chain by choosing reliable validators and staking REEF, and nominees protect the Reef Relay Chain. REEF is “locked” after being staked by designating a Validator (bonded). Nominators are permitted to receive new REEF in their wallets. Still, they cannot stake as Validators or move REEF outside their wallets. 

Reef (REEF) Current Market Status

According to CoinMarketCap, Reef (REEF) is hovering over $0.005214 at the time of writing, with a total of 20,009,762,607 REEF in circulation. REEF has a 24-hour trading volume of $406,721,347.58, with a 52.20% increase. And during the past 24 hours, the price of REEF decreased by 6.20%. 

The most popular exchanges to trade Reef (REEF) are Binance, BingX, ByBit, FTX, and CoinTiger. Let’s continue with our REEF price research for 2022.

Reef (REEF) Price Analysis 2022

By market capitalization, REEF ranks 192nd on CoinMarketCap’s list of the biggest cryptocurrencies. Will Reef’s most recent improvements, additions, and modifications help the REEF price rise? First, let’s focus on the charts in this article’s REEF price forecast.

Reef (REEF) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the help of the Keltner Channel. Reef (REEF) price can be predicted using the Keltner Channel indications for REEF/USDT. The price is at the top of the first half of the channel, meaning people are buying REEF rather than selling. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Reef (REEF) Price Analysis – Relative Strength Index

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 69.09. The RSI tends to remain above 30 and should frequently reach 70 during an uptrend. 

During a downtrend, the RSI rarely exceeds 70 and regularly reaches 30 or falls below this barrier. These rules can help determine the strength of a trend and identify possible trend reversals.

Reef (REEF) Price Analysis – Moving Average

Above is a 1-Day Reef (REEF) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, REEF is now running sideways for a long period. The REEF 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. But the candlesticks are above 50-day MA and slowly reaching near the 200-day MA. But we need to consider that it’s still under 200-day MA. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

Reef (REEF) Price Prediction 2022

Looking at the daily chart of REEF/USDT, the REEF price was swinging from $0.002758 to $0.006499 within the past days after going to its lowest at $0.002758. Bouncing back from the support level, REEF is now going sideways, and we can expect the market to break out from the sideway soon.
Meanwhile, our long-term REEF price prediction for 2022 is bullish if it cannot break the support level. We can expect REEF to reach $0.007747 this year. 

Reef (REEF) Price – Resistance and Support Levels 

The chart above shows that the price of REEF has decreased in the past few months.

Moreover, REEF has been down by 1.9% in the past 24 hours. Suppose this price decrease is a retrace during the bull run. It might be breaking its $0.012613 resistance 1 level and increasing to $0.014177.

If REEF cannot break the $0.012613 resistance 1 level, the bears may seize control and dethrone REEF to a downtrend stance. In simple terms, the REEF might fall to almost $0.002847, indicating a negative signal from the previous support level.

Reef (REEF) Price Prediction 2023

Reef (REEF) could end the year 2022 with a relative strength index (RSI) value of more than 70. This shows that the trend is solid and bullish and will trade above $0.014177 by 2022. Hence, we could expect the price of REEF to surge to at least $0.016271 by the end of 2023, and more merchants could integrate REEF Pay into their payment systems.

Reef (REEF) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect REEF to trade at a price not below $0.024817 by the end of 2024.

Reef (REEF) Price Prediction 2025

We should expect the price of REEF to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, REEF could end 2025 by trading at around $0.038397.

Reef (REEF) Price Prediction 2026

Since the maximum supply of REEF is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of REEF could break the usual trend and trade at $0.060607 by the end of 2026. Also, REEF is likely to break its ATH value.

Reef (REEF) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of REEF could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, REEF could trade at $0.097091 by the end of 2027. 

Reef (REEF) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Reef (REEF) could hit $311.00 by the end of 2028. Also, REEF is likely to break its ATH value.

Reef (REEF) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of REEF to $0.132738 by the end of 2029.

Reef (REEF)  Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Reef (REEF) to trade at around $0.155622 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion:

REEF might reach $50 in 2022 and $660 by 2030 if investors decide that REEF is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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