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REEF Coin Price Prediction 2021 – Will REEF Hit $0.05 Soon?



REEF Price Prediction 2021 - Will REEF Hit $0.05 Soon?
  • Bullish REEF coin price prediction ranges from $0.017 to $0.031.
  • The REEF price might also reach $0.05.
  • REEF bearish market price prediction for 2021 is $0.006.

In REEF coin price prediction 2021, we use statistics, price patterns, ADX, and much other information about REEF to analyze the future movement of the cryptocurrency. 

Reef is a Polkadot-based DeFi platform that aims to provide cross-chain trading. Among the project’s offerings are a yield engine and a smart liquidity aggregator. Work on the project began in the second half of 2020.

Reef Chain is a DeFi EVM compatible chain. It is fast, scalable, has low transaction costs, and does not mine inefficiently. It is based on the Polkadot Substrate and includes on-chain governance.

Current Market Status of REEF coin

According to Coingecko, the price of Reef is $0.015 with a 24-hour trading volume of $27,449,32 at the time of writing. However, REEF coin dropped to 4.22% in the last 24 hours.

Moreover, REEF coin has a circulating supply of 12,666,667,338 REEF coins. Currently, REEF trades in cryptocurrency exchanges such as Binance, Huobi Global, CoinTiger, FTX and HitBTC.

REEF Coin Price Prediction 2021

REEF coin holds the 171st position on CoinGecko right now. REEF coin price prediction 2021 explained below with a daily time frame.

REEF/USDT Chart Showing Wyckoff Theory Pattern (Source: TradingView)

Wyckoff developed a price action market theory that is still widely used in trading today. According to the Wyckoff method, the price cycle of a traded instrument has four phases: accumulation, markup, distribution, and markdown.

Accumulation Phase: The accumulation process is depicted on the chart by a ranging price structure. Bulls are gaining power slowly, and as a result, they are positioned to drive prices higher. Despite the fact that the Accumulation stage is associated with the bulls gaining control, the price action on the chart is flat.

Markup Phase: Bulls obtain enough traction to push the price above the upper limit of the range. This is a signal that the price has entered the second stage and that a bullish price trend is developing on the chart.

Distribution Phase: This is the third stage of the theory. The bears are intending to retake control of the market during this phase. At this point, the price action on the chart is flat, as it was during the Accumulation process. A sustained failure of price to create higher bottoms on the chart is one indication that the market is in the Distribution stage. Lower tops are formed as a result of the price action, indicating that the market is currently in a selloff.

Markdown Phase: Following the Distribution phase, the Markdown process occurs as a downtrend begins. It implies that the bears have gained enough financial power to push the market downward. The markdown is confirmed when the price action breaks below the lower level of the horizontal distribution channel’s flat range on the chart.

Moreover, after this phase the entire process repeats starting from the Accumulation Phase.

Currently, REEF coin is at its Markdown Phase of $0.015. After this, REEF would continue to follow the accumulation phase where the price will rise. With this pattern, REEF coin will soon reach $0.039. If the trend reverses, then the price of REEF may fall to $0.006 presenting bearish signal.

Reef Coin Support and Resistance Level

The below chart shows the support and resistance level of Reef (REEF). 

REEF price prediction 2021- REEF/USDT Support and Resistance Level
REEF/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support level of REEF coin.

  • Resistance Level 1 – $0.017
  • Resistance Level 2 – $0.024
  • Resistance Level 3 – $0.031
  • Support Level 1 – $0.011
  • Support Level 2 – $0.008
  • Support Level 3 – $0.006

The chart depicts the bearish performance of REEF over the previous month. However, REEF coin will continue with a bullish signal and reach resistance level at $0.031. On the contrary, if the trend reversed then REEF might fall to $0.006 presenting a bullish signal.

REEF Coin Average Directional Index (ADX)

Let us now look at REEF’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

REEF coin predictions - REEF/USDT ADX
REEF/USDT ADX (Source:TradingView)

The above chart represents the ADX of REEF lies in the range at 36.69, so it indicates a strong trend.


The REEF coin is one of the cryptos which is great for long-term investment. In addition, REEF coin price prediction is bullish. It has a good chance of reaching $0.039 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the REEF ecosystem, the performance of REEF would rise reaching $0.039 very soon. But, it might also reach $0.05 if the investors believe that REEF coin is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Cardano Backed Metaverse Project Pavia’s Land Price Skyrockets




Last week, Cardano network launched Pavia, a gaming application on the Metaverse. This stands as the first metaverse project operated on the Cardano blockchain.

The use of non-fungible tokens (NFTs), which operate with the same blockchain technology as cryptocurrencies, is increasing. They enable investors to get tokenized assets of their favorite art items, idols, places, etc. NFTs create representations of both tangible and non-tangible items.

According to its design, Pavia has about 100,000 land parcels issued. Each land parcel’s minting is a non-fungible token, NFT, that possesses individual coordinates.

Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

The pre-selling of the parcels kick-off since 2021 with more than 60% done between October and November. Also, there is a rush for the remaining portions which will be on sale within the first quarter of 2022.

The functionality of Pavia’s native token is as an in-game asset. An airdrop of Pavia’s native token was made to NFT landholders. This was after the blockchain’s snapshot in December 2021.

According to data from MuesliSwap, a Cardano-based exchange, Pavia tokens are selling around 20 cents per coin at the press time. Also, it has a market cap of more than $107 million.

ADA shows a 6% decline on daily chart | Source: ADA/USD on

Furthermore, Pavia landowners are more than 8,300. The data has it that the users were unable to deploy assets over their land on Monday. Caution documents from Pavia have warned customers that they can neither visit nor deploy content to the plots. This was due to the development stage of the land parcels.

More Craving For Metaverse Projects On Cardano

The emergence of Pavia on Cardano is during the period of incredible carvings for virtual parcels of land. Presently, the sale of virtual plots of land runs into millions of dollars on several blockchains such as Ethereum.

The value for land plats on Pavia runs as huge as 30,000 Cardano on CNFT, the Cardano NFT marketplace. This amount is equivalent to about $45,600 at the press time.

The Metaverse is recently getting more attention. It is a virtual world that provides people with unrestricted interactions like the real world.

This distinguishing factor is its digitalization of operations. The functionality of the Metaverse is attracting several firms as they intend to create their appearance on the platform.

One of the companies interested in the Metaverse includes Binance.US, developing on Portals, an office. Portals is a Solana-based metaverse project.

Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means

Also, Samsung, a global electronics maker, launched a metaverse brand of its New York City flagship store. This launching took place this January on Decentraland.

Featured Image From Britannica and chart from TradingView.Com
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Bitcoin Diamond Hands: Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High



Bitcoin Diamond Hands: Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High

Despite the recent fearful market, Bitcoin hodlers show diamond hands as coins aged 12-18 months touch a 2-year high.

Coins Matured To 12-18 Months Revisit A High Not Seen Since 2 Years

As pointed out by an analyst in a CryptoQuant post, BTC hodlers have held strong recently as coins aged 12-18 months have seen a sharp spike recently.

The relevant on-chain indicator here is the Bitcoin Sum Coin Age (SCA) Distribution that shows the distribution of coins among the different holders in the market.

The metric works by looking at each coin on the chain and measuring how many days it has been since it was last moved. Based on the age, these coins are put into different categories.

For instance, if a coin has been sitting still since 12-18 months ago, it is included in the 12-18 months holder group.

When the distribution of the long-term holders goes up, it means accumulation has been strong recently. Such a trend has usually been bullish for the price of Bitcoin as it shows a large number of holders refuse to sell at the current levels.

On the other hand, when coins belonging to short-term holders move up, it means some long-term holders have decided to sell. This trend may be bearish for the price of the crypto.

Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

Now, here is a chart that shows the trend in the supply of coins that have matured to 12-18 months (one of the long-term holder groups):

Looks like the value of the indicator has shot up recently | Source: CryptoQuant

As you can see in the above graph, the coins aged 12-18 months have sharply rose recently, reaching a 2-year high. The highlighted region in the chart is around when these holders bought these coins.

This means that these Bitcoin holders have now held strong through multiple all-time highs, the mini-bear period between May-July, as well as the recent fearful market.

Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means

Hodlers showing such diamond hands behavior can prove to be quite bullish for the price of the coin in the long term.

Bitcoin Price

Earlier today, Bitcoin’s price crashed below $40k, touching as low as $38k. Since then, the coin hasn’t recovered much yet.

At the time of writing the crypto’s price floats around $38.8k, down 7% in the last seven days. Over the past month, the coin has lost 17% in value.

The below chart shows the trend in the price of BTC over the last five days.

Bitcoin Price Chart

After weeks of consolidation, BTC's price seems to have finally crashed below the $40k level | Source: BTCUSD on TradingView
Featured image from, charts from,
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How To Add Bitcoin To The Balance Sheet For Corporations, With Saylor & Dorsey



Saylor, Bitcoin for Corporations at the MicroStrategy World conference

Is your company ready to buy the Bitcoin dip? Saylor and Dorsey will give you the 411 for free.99. The MicroStrategy World annual conference goes live on February 1st. Learn directly from these two titans of the industry, who have definitely been among Bitcoin’s main proponents and promoters over the last few years. 

Michael Saylor has led by example, buying every dip, and is a constant presence in mainstream media. His interviews are more like classes and the attention they get is outstanding. Jack Dorsey, for his part, left Twitter to focus on Bitcoin. Since then, his Block company announced several projects that’ll definitely strengthen the Bitcoin network.

About the MicroStrategy World conference, the press release promises it’ll be “focused on Enterprise Analytics and Bitcoin for Corporations. World 2022 is 100% virtual, and—for the first time ever—access to all sections of the conference is free of charge.” That’s an unbeatable price.

What Will Saylor And Dorsey Talk About?

The conference has two sides, two different events that showcase MicroStrategy’s duality:

“The Enterprise Analytics event will introduce bold new ways to think about analytics and business intelligence, and showcase organizations who’ve used data as a strategic differentiator. The Bitcoin for Corporations event will explore the various benefits of incorporating Bitcoin into corporate initiatives.”

As you might expect, NewsBTC will focus on the second event. It’s important to say that both Dorsey and Saylor’s companies have Bitcoin on their balance sheet. These two put their money where their mouth is, and then some. In any case, what does MicroStrategy World promise?

“An in-depth discussion on Bitcoin between two visionary voices: Jack Dorsey, CEO of Block, Inc., and Michael Saylor, CEO of MicroStrategy Inc. This session will be followed by a discussion on Bitcoin Treasury with Phong Le (President and CFO, MicroStrategy). Bitcoin for Corporations will also feature live interviews with industry experts from Coinbase, Deloitte, Fidelity Digital Assets, Genesis, Jefferies, NYDIG, Paxos, and Silvergate Bank.”

It’s noteworthy that Fidelity Digital Assets recently shocked the world by predicting more countries and probably a Central Bank or two would add Bitcoin to their balance sheet in the next few years. Christine Sandler, Fidelity’s Head of Sales & Marketing, will represent the company at the conference. 

Saylor ’s Recent Bitcoin History

Since MicroStrategy first added Bitcoin to its balance sheet in August 2020, the company has increased the bet every few months. They issued common stock. They sold stocks. They bought, and bought, and bought, and bought. In a recent interview, Saylor explained the strategy and NewsBTC reported:

“Look, our long term strategy is kind of like Harvard University. We’re running a university but we have an endowment. MicroStrategy is selling enterprise software. We generate $100 million in cash flow a year – in a good year – and we are reinvesting that cash in our endowment. Our endowment is 100% bitcoin.”

Saylor adds that MicroStrategy plans to acquire and hold bitcoin as a balance sheet. As for the operations, the company will continue to sell its enterprise software everywhere in the world.”

Related to this, about MicroStrategy’s free conference, Saylor said:

“We have gained a wealth of experience and expertise innovating our treasury strategy and evolving our corporate bitcoin acquisition strategy. And we’re pleased to be in a position to share our knowledge—via this curated event—for corporations looking to pursue similar strategies and bold initiatives.”

Dorsey’s Recent Bitcoin History

For his part, Dorsey’s strategy is much different than Saylor’s. He’s working in infrastructure. Dorsey’s fortifying the network’s weak parts. Among other things, Block announced they’re building a decentralized Bitcoin exchange called tbDEX. Released the Lightning Development Kit. And announced they’re working in an open-source ASIC miner

On a personal level, Dorsey and rapper Jay-Z put 500 BTC in a blind trust to promote Bitcoin development in Africa and India. And created the Bitcoin Defense Legal Fund to protect developers from all kinds of lawsuits.

BTC price chart for 01/21/2022 on Gemini | Source: BTC/USD on

The Price Of Bitcoin

Despite Saylor’s and Dorsey’s efforts, Bitcoin is bleeding. On one hand, Proof-Of-Stake proponents straight up lied before U.S. Congress in a hearing about Proof-Of-Work’s environmental risks. On the other, there’s a rumor that Russia is considering banning Bitcoin in some capacity. Both of those situations caused panic in the market, and Bitcoin’s price is currently 40% lower than the ATH of $69K. 

Will Michael Saylor buy the dip? 

Featured Image: screenshot from the conference's website | Charts by TradingView

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