REEF/USDT Price Forcast
This is my second publish. I am eager to know what your opinion is about REEF FINANCE. Please do not hesitate to comment and like. Thanks
What is REEF:
Reef is a DeFi platform built on Polkadot to deliver cross-chain trading.
Reef aggregates liquidity and offers automation. It also aims to address the security issues and other problems with centralized trading platforms, providing a decentralized environment to users to trade.
Technical analysis:
REEF has tested the trend line support successfully and breathed out, maintaining a healthy bullish pattern. ATH is $0.30 which would be expected to reach. During the rise and fall of altcoins, REEF/USD has maintained the steady and healthy rise, which makes it one of the assets to consider investing in.
Fundamentals analysis:
Due to recent events and issues with centralized trading platforms such as Robinhood, the demand and need for decentralized trading platforms is becoming a dream for investors and intratraders, specially amongst retail investors. REEF FINANCE claims to be the solution and their journey had begun even before the recent events.
Market Cap:
The market cap of REEF is way less than the market caps of other altcoins with no revolutionary objectives, giving it the room to increase. Providing that it increases, the price of the token will rise with it too.
USDollar:
There is no doubt that USDollar is getting weaker and weaker. That makes all the assets price rise, including REEF.
Concerns:
Not everyone knows about REEF FINANCE. It is a fairly new project, making the investment riskier and at the same time an asset with a higher potential to gain a larger margin.
Opinion:
Considering the technical and fundamental analysis, and the risk to reward ratio, REEF/USD seems to be a great investment with a high ROI. I am expecting it to reach $0.30, then a 30% pullback, and then aim to penetrate the $0.30 level. the numbers can sound "dreamy", but due to above analysis I think it will be achieved.
------ NOT FINICIAL ADVISE ---------
What is REEF:
Reef is a DeFi platform built on Polkadot to deliver cross-chain trading.
Reef aggregates liquidity and offers automation. It also aims to address the security issues and other problems with centralized trading platforms, providing a decentralized environment to users to trade.
Technical analysis:
REEF has tested the trend line support successfully and breathed out, maintaining a healthy bullish pattern. ATH is $0.30 which would be expected to reach. During the rise and fall of altcoins, REEF/USD has maintained the steady and healthy rise, which makes it one of the assets to consider investing in.
Fundamentals analysis:
Due to recent events and issues with centralized trading platforms such as Robinhood, the demand and need for decentralized trading platforms is becoming a dream for investors and intratraders, specially amongst retail investors. REEF FINANCE claims to be the solution and their journey had begun even before the recent events.
Market Cap:
The market cap of REEF is way less than the market caps of other altcoins with no revolutionary objectives, giving it the room to increase. Providing that it increases, the price of the token will rise with it too.
USDollar:
There is no doubt that USDollar is getting weaker and weaker. That makes all the assets price rise, including REEF.
Concerns:
Not everyone knows about REEF FINANCE. It is a fairly new project, making the investment riskier and at the same time an asset with a higher potential to gain a larger margin.
Opinion:
Considering the technical and fundamental analysis, and the risk to reward ratio, REEF/USD seems to be a great investment with a high ROI. I am expecting it to reach $0.30, then a 30% pullback, and then aim to penetrate the $0.30 level. the numbers can sound "dreamy", but due to above analysis I think it will be achieved.
------ NOT FINICIAL ADVISE ---------
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