Binance, a major cryptocurrency exchange, has delisted
Reef Finance along with other altcoins this past August due to unknown reasons. This decision significantly impacted the price of these coins, sparking a major price drop and placing these tokens into freefall.
Reef Finance however, has continued with green days sparking speculation over how long this will last. With mixed price predictions for the years to come and its recent rebranding to
Reef, the development of an EVM-Compatible Blockchain has commenced which shows innovative movements within the company. They even launched a $10 million Web3 accelerator program which could attract more investors.
Alameda Research also funded $20M into
Reef Finance, showing some support and trusts in the company's vision despite a past disagreement over unloaded tokens. An anticipated element includes the Reef Card, now officially available for crypto holders. The card could potentially boost Reef's popularity within the community. On the flip side, Binance added monitoring tags to several tokens including Reef, for reasons not disclosed. Reef also launched an NFT team which shows its effort to keep up with current trends. Binance was also reported to have added these altcoins to its 'monitoring tag' list which could impact the Reef price significantly. They also held an AMA on Telegram, but little is known about what transpired during the session.
REEF Coin News Analytics from Wed, 11 Oct 2006 07:00:00 GMT to Sun, 18 Aug 2024 19:50:00 GMT -
Rating -3
- Innovation 4
- Information 5
- Rumor 4
