Reef Finance (REEF) Breaks Out Of Long Isolation, Is This A Fake Rally?
REEF looks bullish on a lower timeframe Price reclaims 50 exponential moving average (EMA) on the daily timeframe REEF price gets rejected by 200 EMA acting as resistance on the daily timeframe. Reef finance (REEF) has had a tough time recently but has shown great strength bouncing up in a lower timeframe. Reef finance has struggled to remain bullish as the price fell from an all-time high of $0.3 to $0.0048, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Optimism Analysis: Latest Figures....
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REEF price continues to show the market how it is done as price trends in the green zone for two straight days. REEF trades above key resistance as price breaks out of range holding above 8 and 20-day EMA. The price of REEF eyes a recapture of $0.01 as key resistance was flipped into support. The price of Reef Finance has continued to show its strength as price trends with double-digit gains against tether (USDT) on two separate days in a row. With the crypto market cap bouncing from its weekly low as the market continued to look promising, the price of Reef Finance was not left out as....
The investment will reportedly allow Reef to implement more cross-chain integrations with Serum and Raydium on Solana. After investing in travel app Maps.me and decentralized finance protocol Oxygen, Alameda Research will be putting $20 million into Reef Finance, the Polkadot-based DeFi platform.According to Reef Finance, Alameda Research will be purchasing $20 million worth of the firm’s native tokens, REEF — roughly 528 million at the current price of $0.03787. The investment will reportedly allow the two companies to collaborate on technology and strategy “in the near future.” Reef CEO....
PRESS RELEASE. London, The UK, August 31st – Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, announced today its highly anticipated Reef Card is now available for people in the United Kingdom and Europe. Reef has been working with Baanx, an experienced partner for revolutionary web3 financial solutions, to create and produce Reef Card. Reef Card, powered by Baanx, is part of the MasterCard crypto debit line. Due to covid, and material production delays, the card was put on hold until this year. Now it’s officially available to everyone in the UK and....
DeFi on Ethereum is costly and congested. Can other base layers step up? Polkadot's Reef Finance has raised $3.9 million to try.
Reef Baskets V1 is intended to function in a similar manner as traditional ETFs. Reef Finance, a DeFi ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies. Reef Baskets V1 is described as an “Ethereum-based framework for deploying collections of DeFi tokens” and other crypto assets. It operates in a similar manner to exchange-traded funds, or ETFs, which are popular among traditional investors and institutional managers.Investors who use Reef Baskets have the opportunity to invest in....