Bullish REEF price prediction is $0.007967 to $0.021918.
Reef (REEF) price might also reach $0.05 soon.
Bearish REEF price prediction for 2022 is $0.002944.
In Reef (REEF) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about REEF to analyze the future movement of the cryptocurrency.
Reef (REEF) Current Market Status
According to CoinGecko, the price of Reef (REEF) is $0.00489382 with a 24-hour trading volume of $61,847,292 at the time of writing. However, REEF has decreased by nearly 3.1% in the last 24 hours.
Moreover, Reef (REEF) has a circulating supply of 20,022,808,474 REEF. Currently, Reef (REEF) trades in cryptocurrency exchanges such as Binance, KuCoin, Gate.io, FMFW.io, and Huobi Global.
What is Reef (REEF)?
Denko Mancheski launched Reef in 2019, which is a Substrate-based layer 1 blockchain. To represent the project’s transition from a Decentralized Finance (DeFi) platform to a fully functional blockchain, Reef Finance was changed to the project’s new name in November 2021.
The Reef provides use cases for GameFi, DeFi, NFTs, and smart contract creation, similar to other networks. Valid blocks of transactions are processed by the network using Nominated Proof of Stake (NPoS). REEF, the native cryptocurrency of the blockchain, is utilized to participate in governance and cover network transaction costs.
Reef (REEF) Price Prediction 2022
Reef (REEF) holds the 252th position on CoinGecko right now. REEF price prediction 2022 is explained below with a daily time frame.
The above chart of Reef (REEF) laid out the Descending Channel Pattern, which is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Reef (REEF) is in the range of $0.005186. If the pattern continues, the price of REEF might reach the resistance levels of $0.006284, $0.013141 and $0.019494. If the trend reverses, then the price of REEF may fall to $0.002885.
Reef (REEF) Support and Resistance Levels
The chart below shows the support and resistance levels of Reef (REEF).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Reef (REEF).
Resistance Level 1
Resistance Level 2
Resistance Level 3
Support Level 1
Support Level 2
REEF /USDT Support and Resistance Levels
The charts show that Reef (REEF) has performed a bullish trend over the past month. If this trend continues, REEF might run along with the bulls overtaking its resistance level at $0.021918.
Accordingly, if the investors turn against crypto, the price of Reef (REEF) might plummet to almost $0.002944, a bearish signal.
Reef (REEF) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Reef (REEF) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of REEF lies above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of Reef (REEF) is shown in the chart above. Notably, the Reef (REEF) price lies above 50 MA (short-term), so it is in an uptrend. Currently, REEF has entered a bullish state. Therefore, there is a possibility of a reversal trend of REEF at any time.
Meanwhile, the relative strength index (RSI) of the REEF is 67.38. This means that Reef (REEF) is in an overbought state. However, this means a major price reversal of REEF may occur in the upcoming days. So, traders need to trade carefully.
Reef (REEF) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Reef (REEF). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Reef (REEF). Currently, the ADX of REEF lies in the range of 21.7117 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Reef (REEF). RVI measures the constant deviation of price changes over a period of time. The RVI of REEF lies above 50, indicating high volatility. In fact, the RSI of Reef (REEF) is at 67.38 thus confirming a potential sell signal.
Comparison of REEF with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Reef (REEF).
From the above chart, it can be interpreted that BTC and REEF are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of REEF also increases or decreases respectively.
Reef (REEF) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Reef (REEF)might probably attain $0.07 by 2023.
Reef (REEF) Price Prediction 2024
With several upgrades in the network, Reef (REEF) might enter a bullish trajectory. If the coin grabs the attention of major investors, REEF might rally to hit $0.09 by 2024.
Reef (REEF) Price Prediction 2025
If Reef (REEF) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, REEF would rally to hit $0.1.
Reef (REEF) Price Prediction 2026
If Reef (REEF) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, REEF would rally to hit $0.3.
Reef (REEF) Price Prediction 2027
If Reef (REEF) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, REEF would rally to hit $0.5.
Reef (REEF) Price Prediction 2028
If Reef (REEF) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, REEF would hit $0.7 in 2028.
Reef (REEF) Price Prediction 2029
If investors flock in and continue to place their bets on Reef (REEF), it would witness major spikes. REEF might hit $0.9 by 2029.
Reef (REEF) Price Prediction 2030
With greater advancements in the Reef ecosystem, the crypto community might continue to invest in REEF for the next 8 years and drive significant price rallies for the token. Hence, Reef (REEF) might hit $1 by 2030.
With continuous improvements in the Reef network, we can say that 2022 is a good year for REEF. For this reason, the bullish price prediction of Reef (REEF) in 2022 is $0.021918. On the other hand, the bearish price prediction of Reef (REEF) price prediction for 2022 is $0.002944.
Furthermore, with the advancements and upgrades to the Reef ecosystem, the performance of REEF would help to reach above its current all-time high (ATH) of $0.057460 very soon. But, it might also reach $0.05 if the investors believe that REEF is a good investment in 2022.
1. What is Reef (REEF)?
The REEF token is used for on-chain governance and transaction fees. The Reef network’s utility token REEF features deflationary and inflationary mechanisms, as well as a flexible REEF supply.
2. Where can you purchase Reef (REEF)?
Reef (REEF) has been listed on many crypto exchanges which include Binance, KuCoin, Gate.io, FMFW.io, and Huobi Global.
3. Will Reef (REEF) reach a new ATH soon?
With the ongoing developments and upgrades within the Reef platform, REEF has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Reef (REEF)?
On March 15, 2021 Reef (REEF) reached its new all-time high (ATH) of $0.057460.
5. Is Reef (REEF) a good investment in 2022?
Reef (REEF) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Reef in the past few months, REEF is considered a good investment in 2022.
6. Can Reef (REEF) reach $0.05?
Reef (REEF) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Reef (REEF) will hit $0.05 soon.
7. What will be Reef (REEF) price by 2023?
Reef (REEF) price is expected to reach $0.07 by 2023.
8. What will be Reef (REEF) price by 2024?
Reef (REEF)price is expected to reach $0.09 by 2024.
9. What will be Reef (REEF) price by 2025?
Reef (REEF) price is expected to reach $0.1 by 2025.
10. What will be Reef (REEF) price by 2026?
Reef (REEF) price is expected to reach $0.3 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
According to Kiyosaki, the largest crash in human history is about to happen.
The previous week, Kiyosaki urged people to invest in real money,citing bitcoin, silver, and gold as examples.
This week, Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted about some of his opinions and financial teachings. Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 different languages.
Kiyosaki Tweeted :
END is HERE. Called Jerry Williams my trusted gold and silver dealer. He said “I can’t get gold or silver coins. The mint will not sell me anymore.” To me this means the end of FAKE $ is here.
When President Richard Nixon removed the U.S. dollar from the gold standard in 1971, Kiyosaki claimed that the U.S. dollar became false money. He clarified, This is because it was attached to the full faith and credit of the United States rather than being tied to real money, such as gold.
A Historic Global Crash Is About to Occur
Last week, Kiyosaki urged people to invest in real money, naming gold, silver, and bitcoin. He stressed that the Federal Reserve raising interest rates will destroy the U.S. economy. Several times, Kiyosaki has issued warnings that the largest crash in human history is imminent. He claimed that all markets are collapsing in April.
He recently recommended members of his mailing list purchase cryptocurrencies before the worst market meltdown in history. The well-known author has been saying for a while that he will wait for the Bitcoin market to bottom out before investing. Recently, he declared that he had cash on hand and was prepared to purchase bitcoin, hinting at one point that the cryptocurrency’s price would approach $1,100.
Ethereum price has been trading within a descending trendline, which is a sign of bearishness. Over the last 24 hours, the Ethereum price has been different as the coin registered a 6% appreciation.
As the coin appreciated, it broke outside of the descending channel.
Over the last week, the Ethereum price lost more than 7% of its value. The buyers have entered the market, which has helped Ethereum climb on its chart.
Although buyers are attempting to make a comeback, the sellers continue to drive the price action on the one-day chart.
The $1,400 price mark continues to remain a tough resistance zone for Ethereum price. A break past from the aforementioned support line will help ETH revisit its next price ceiling.
The technical outlook for Ethereum continues to remain bearish at the time of writing. Bitcoin’s price recovery has helped major altcoins pick pace over the last 24 hours.
Ethereum Price Analysis: One Day Chart
ETH was trading at $1,340 at the time of writing. In the past 24 hours, the buyers have helped the coin break outside of the descending trendline.
The immediate and strong resistance remained at $1,400. The altcoin has struggled to break past that level over the last couple of weeks.
Once the $1,400 mark is broken, Ethereum can attempt to trade close to $1,700. On the other hand, a fall from the $1,340 price mark will push ETH down to $1,100 and then to the $1,000 level.
The past trading session for Ethereum was green, signifying an increase in the number of buyers.
On its chart, ETH was attempting to recover. However, the buyers have remained low at the time of writing. Technical indicators have pointed towards a bearish outlook.
The Relative Strength Index was below the half-line, which also indicated that buyers were fewer in number than sellers.
Ethereum price was below the 20-SMA line, which signified low demand. It also meant that sellers were driving the price momentum in the market.
ETH’s other indicators have also shown that the sellers were in control of the market at the time of writing. The demand for the coin has to go up in order for the coin to touch its next resistance mark.
The Moving Average Convergence Divergence indicates the price momentum and overall price action. MACD witnessed a bearish crossover and formed red histograms at the time of writing.
This reading is connected to the sell signal for the coin. The Chaikin Money Flow displays the capital inflows and capital outflows at a given period in time.
The CMF was below the half-line and that points towards low capital inflows, although there was an uptick on the indicator.
Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week.
Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.
The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.
Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.
The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.
Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin’s buying strength doesn’t move into the positive zone.
Cardano Price Analysis: One Day Chart
ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.
The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.
If buyers don’t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.
The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.
The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.
At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.
Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.
With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.
ADA’s bulls have still not gained momentum on the one-day chart. As long as buyers don’t overpower sellers’ strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark.
The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin.
The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line.
The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum.
Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50.
The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors.
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Quant’s All-Time High Catalysts
The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant.
Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent.
Macroeconomics Turned Crypto Assets Bearish
By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights.
For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows.
At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own.
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Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours.
Featured image from Pixabay and chart from TradingView.com
The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.
Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday.
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Influencer Believes Impending Close To Ripple-SEC Case Is Responsible
According to Armstrong, multiple factors are causing Ripple’s insane price surge. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.
The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end.
Ripple And XRP Community Expect A Favorable Verdict
Like Ben Armstrong, the Ripple community and Ripple Labs are expectant of a favorable ruling. If that happens, XRP will not be considered a Security but a digital asset, just as Ripple intended.
Another crypto influencer predicted that if this happens, it will be the needed boost the bearish crypto market needs. David Gokhshtein tweeted that the crypto market will go parabolic should XRP win this case. He and Brad Garlinghouse, Ripple’s CEO, believe a win for XRP would stamp cryptos stand with regulation. Consequently, it would increase investors’ faith in the ailing asset.
Whale Movements On XRP Blockchain Also Partially Responsible For Price Boost
Another reason for the surge in XRP seems to be whale movements on the platform. On-chain analytics firm, Sentiment data reveal an increase in whale transactions on the Ripple blockchain.
Furthermore, the Whale Alert crypto tracker revealed multiple anonymous transfers of significant amounts of XRP in the past week. Data showed that a 261 million XRP transfer and another 582 million XRP transaction took place. Ripple was involved in both transactions, moving 80,000,000 of the tokens externally. In total, close to a billion tokens exchanged hands in whale transactions last week.
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These two factors mentioned above are mainly responsible for the continuous climb of XRP tokens over the last week. One can only wait to see if the XRP community’s optimism is indeed rightly placed and that ripple will indeed win the case. At the time of writing, XRP is currently trading around $0.48 after briefly testing $0.52 earlier today per Coinmarketcap data.
Featured image from Pixabay and chart from TradingView.com
Eleven different blockchains currently support Tether, USDT.
A New York court ordered Tether Operations Limited to submit financial records.
Tether, in a statement released on Friday, announced the release of its native token USDT on the Polkadot Network. Polkadot is an open-source blockchain platform that is decentralized. Moreover, it’s a comprehensive Web3 environment that allows for registry and computation amongst different blockchains.
In addition, the adoption of the stablecoin allows the blockchain platform to further expand its footprint in distributed systems. Concurrently, “potential adverse effects associated with market volatility” will be mitigated thanks to Tether’s incorporation.
Multiple Blockchains Support
The release blog further states that the Polkadot Relay Chain would enable Tether users to conduct USDT transactions and information sharing in a safe and trustless manner.
“We’re delighted to launch USD₮ on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive.”
Eleven different blockchains currently support Tether, a stablecoin. After adding Polkadot on Friday, the firm says it hopes to continue growing by a factor of many more.
Of the total $81.84 billion in swaps today, 55.60% is settled in tether, and 62% of all BTC exchanges use tether as a counterparty. Support for the Polkadot blockchain came at a time when a New York court ordered Tether Operations Limited to submit financial records demonstrating USDT’s backing. The court’s ruling is the result of a class action complaint that five individuals brought three years ago.
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