Reef (REEF) Trading Down 69.4% This Week

Reef (REEF) traded down 50.8% against the U.S. dollar during the 24 hour period ending at 13:00 PM Eastern on October 16th. Over the last week, Reef has traded 69.4% lower against the U.S. dollar. One Reef coin can currently be purchased for about $0.0020 or 0.00000003 BTC on major cryptocurrency exchanges. Reef has a market capitalization of $46.27 million and approximately $291.89 million worth of Reef was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 8.1% higher against the dollar and now trades at $0.0494 or 0.00000073 BTC.

Reef Profile

Reef (REEF) uses the hashing algorithm. It was first traded on December 1st, 2020. Reef’s total supply is 22,821,409,581 coins. Reef’s official Twitter account is @reef_chain and its Facebook page is accessible here. Reef’s official website is reef.io. The official message board for Reef is medium.com/@reefdefi. The Reddit community for Reef is https://reddit.com/r/reefdefi and the currency’s Github account can be viewed here.

According to CryptoCompare, “Reef (REEF) is a blockchain-based platform streamlining DeFi access through a cross-chain liquidity aggregator and yield engine. Created by Denko Mancheski, it supports multiple blockchains, including Ethereum, Binance Smart Chain, and Polkadot. REEF is the native utility token on Reef chain, used for transaction fees (gas), on-chain governance (NPoS and PoC), and collateral within the ecosystem. With a flexible supply, its deflationary fee burn model offsets governance and chain running costs. Users can stake REEF tokens to participate in governance and earn rewards. Reef chain is an advanced smart contracts blockchain, backwards-compatible with Ethereum EVM, featuring runtime upgradability, on-chain governance, and high throughput. ERC-20 REEF tokens can be converted to Reef chain native tokens via Gate.io exchange. Reef’s goal is to simplify DeFi by offering a single location for lending, borrowing, staking, and trading.”

Buying and Selling Reef

It is usually not possible to buy alternative cryptocurrencies such as Reef directly using U.S. dollars. Investors seeking to acquire Reef should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Reef using one of the aforementioned exchanges.

REEF/USD price chart by TradingView