Apart from Bitcoin, Ethereum, Dogecoin there are other virtual currencies you can consider to diversify your portfolio and achieve experience with fresh cryptocurrencies launched in tha market. Reef is DeFi blockchain suitable with EVM. It can manage higher number of transactions with very less fees and there is no need of mining to be done. For developing Reef Substrate framework was utilized and has fully decentralization of on-chain administration. In this article, you will learn interesting information such as What is Reef (REEF), fees of Reef, Nominator, validator, Reef UI Kit, Reef governance, price prediction, market cap, market rank, 24-hour trading volume, fully diluted market cap, circulating supply, total supply, and maximum supply.
What is Reef (REEF)?
Reef chain is suitable EVM chain available for DeFi with NPoS consensus. Reef is quick, expandable, has less fees of transactions and mining does not get wasted. The properties of Reef Chain are by making use of Nominated Proof Of Stake, blockchain technology, EVM which is expandable, upgradability of on-chain, libp2p networking and state of the art cryptography.
The most amazing EVM – suitable blockchain is Reef Chain which has features such as on-chain governance and can be updated by self. Moreover, its architectuer is designed to provide backups to EVM extensions, which activates native token bridge, scheduled calls. NetMind Token (NMT) Price Prediction – 2024, 2025, 2030, 2040
It will provide backups to more VMs, encouraging developers write code in different programming languages. The consensus mechanism is used by Reef is Nominated Proof-of -Stake which provides growth and very less transaction fees.
Reef is exhaustive and can provide backups to multiple Virtual machines. There are two functions of Reef On-chain governance and on-chain upgrades. To bring together potential validators and safeguard Reef network, reef implements nominated Proof-of Stake system. This manages very less cost, quicker transactions with average time of 10 seconds.
The Reef Relay Chain is protected by Nominees by selecting genuine validators and Staking Reef, and nominees secured the Reef Relay chain. Once the staking of validator takes place REEF is “locked”. The permission is alloted to nominators to receive fresh REEFs in their wallets. But validators cannot be staked or remove REEFs outside their wallets.Pundu (PUNDU) Price Prediction – 2024, 2025, 2030, 2040, 2050
Fees of REEF
Reef is effective, and has a algorithmic fee model which can be forecasted. The Reef Chain has all types of fees which is burnt on automation basis.
The Reef UI Kit allows quicker growth of Reef dependent apps for most common frontend frameworks. The Reef UI Kit includes pre-made elements for developing dapps on Reef. It comes with persistent design language which is very unique and provides backup for most famous web frameworks.
The elements can be used to create wallets, dapps, and block explorers. They manage things such as choosing account, balances, wallets, holding of tokens, NFTs, different types of transactions and events. The few open source apps developed with the help of UI kit are: Cudos (CUDOS) Price Prediction – 2024, 2025, 2030, 2040
The block explorer for Reef is Reef scan.
Reef extension and Reef App is dex, creator of token, and wallet for Reef.
History of Legacy Chains
The popular legacy chains which has achieved lot of fame on social media such as Bitcoin and Ethereum has no control of any governance which means it is fully decentralized. The management of those chains is undertaken by PoW miners, who’s purpose is to pull out huge value with help of fees and rewards while successfully providing direction to huge competitive landcape of mining.
This has helped PoW chains to stay firm historically, act as hurdle for scalability solutions and generally face anti scaling property of PoW.
Reef Governance
The development of Reef Chain is undertaken by keeping in mind of upgradability and long term sustainable governance. The responsibility of governance is separated in two parts.
Technical Council – It is responsible for checking and accepting updates of blockchain. The Election is carried through Proof of Commitment.
Validators – They are authorised for genuine production of block. The Election is carried through Nominated Proof of Stake.
Fees
The fees for implementing smart contracts alongwith transaction fees are burnt. This is not only crucial feature but the reward of fees has been provided to block producers. They would have a awkward incentive to undermine scalability efforts with the motive of grabbing the rewards from fee bidding wars.
Blockchain Upgrades
The election of Technical council is carried through Proof of Commitment. The PoS is influenced by DPoS, however the key feature of PoC is very long with un-bonding period of minimum 1 year. This assures that the nominators of Poc have skin in the game and are providing incentives towards electing technical council members with long term vision and growth in mind.
Parameter updates
The Technical Council is responsible for managing important framework of blockhain such as those connected with block space and throughput ( maximum smart contract storage, time take by block, fee per Byte).
On-Chain Upgrades
The Reef Chain is taking proper advantage of Substrate’s on-chain capacbility of upgrade. the run time is connected for both native and wasm targets. The on-chain upgrades can be scheduled by approval of majority members of Technical Council.
Validators
To become a validator requires genuine responsibility which requires very good technical skills and fast problem solving capacity as the beginner. Nominators are responsible for electing validators, you need to master communication skills and contribution to ecosystem are good traits as well.
The main authority of validator is genuine block production. Moreover, in reality to become validator requires talent and there is huge competition and as a result validators may provide extra services to the community.
Build and manage DevOps tooling and security tooling.
Build and maintain block explorers, SQL indexers, RPC nodes and good public architecture.
Host Reef Chain boot nodes.
host fast sync export infrastructure.
Nominators
Anyone who has lot of interest in governance of Reef Chain can become a Nominator. The key role of Nominators is to vote and elect competent Validators ( Block producers).
The rewards are given to nominators with specific portion of revenue created by the Validators. Moreover, in the situation, if Validator does not behave properly then Nominators can suffer from loss of bonded stake.
The first rule of becoming nominator is bonding Reef Tokens. As stated earlier, the bonded amount can be utilized either to Nominate or Validate but both cannot be used together.
Reef (REEF) Coin – Price history
On 1st January, 2022, the opening price was $0.01834 and the closing price reached $0.0103. The maximum price was $0.01885 and the minimum price touched $0.008741. The 24-hour trading volume was $951,038,149 and market cap was $180,602,335.
On 1st March, 2022, the opening price was reduced by 45.26% and hit $0.01004 and the closing price saw slightly increment of 12.43% and reached $0.01158. The maximum price reached $0.01251 and the minimum price hit $0.007923. The 24-hour trading volume on 1st March, 2022 saw increment of 25.97% and reached $1,198,032,202 and the market cap saw hike of 17.17% and hit $211,615,475.
On 1st July, 2022, the opening price reached $0.003347 and the closing price reached $0.00423. The maximum price was reduced by 63.61% and hit $0.004553 and the minimum price was dropped by 60.85% and hit $0.003102 compare to 1st March, 2022. The 24-hour trading volume on 1st July, 2022 was reduced by 70.18% and hit $357,291,968 and market cap was reduced by 60.40% and touched $83,799,067.
On 1st December, 2022, the opening price was reduced by 8.85% and hit $0.003075 and the closing price was dropped by 46.78% and touched $0.002251 compared to 1st July, 2022. The maximum price reached $0.003298 and the minimum price hit $0.002201. On 1st December, 2022, the 24-hour trading volume saw increment of 19.14% and hit $425,686,882 and market cap was reduced by 43.57% and hit $47,287,044.
On 1st January, 2023, the opening price reached $0.00225 and the closing price landed $0.003213. The maximum price saw increment of 3.94% and hit $0.003428 and minimum price saw hike of 1.95% and touched $0.002244 compared to 1st December 2022. The 24-hour trading volume on 1st January, 2023 saw increment of 60.99% and touched $685,305,184 and market cap saw jump of 45.06% and hit $68,593,509.
On 1st June, 2023, the opening price reached $0.002154 and the closing price reached $0.001752. The maximum price was reduced by 34.42% and hit $0.002248 and the minimum price was dropped by 38.37% and touched $0.001383 compared to 1st January, 2023. The 24-hour trading volume on 1st June, 2023 was reduced by 60.45% and hit $271,047,393 and market cap was reduced by 41.70% and hit $39,991,312.
On 1st December, 2023, the opening price reached $0.001789 and the closing price hit $0.002167. The maximum price saw increment of 12.58% and hit $0.002531 and the minimum price saw hike of 27.19% and hit $0.001759 compared to 1st June, 2023. On 1st December, 2023, the 24-hour trading volume saw increment of 203.95% and hit $823,854,293 and market cap saw increment of 23.66% and hit $49,454,095.
On 1st April, 2024, the opening price reached $0.003242 and the closing price hit $0.001968. The maximum price saw increment of 45.48% and hit $0.003682 and the minimum price was reduced by 0.28% and touched $0.001764 compared to 1st December, 2023. The 24-hour trading volume was reduced by 8.37% and hit $754,912,022 and market cap was dropped by 9.20% and hit $44,906,660.
Disclaimer – Cryptocurrency and Stock market is a highly volatile market and unstable. Do your proper research and study before investing. Our website aims to provide information regarding the crypto market. We are not responsible if you suffer any loss. Spend enough time on research. We are not providing investment or financial advice or tips. We are just providing our personal opinionbased on our research.
Reef (REEF) Price Prediction – 2024 to 2050
Year
Minimum price ($)
Average price ($)
Maximum price ($)
2024
0.001886
0.001971
0.002056
2025
0.002139
0.002252
0.002365
2026
0.002467
0.002546
0.002624
2027
0.002817
0.002971
0.003124
2028
0.003275
0.003475
0.003675
2029
0.003742
0.003978
0.004213
2030
0.004353
0.004655
0.004956
2040
0.01011
0.01497
0.01982
2050
0.02281
0.02747
0.03212
Reef (REEF) Price Prediction – 2024
If market faces bearish sentiments, the minimum projected price is expected to hit $0.001886. The average trading price is projected to hit $0.001971 at the end of the year. The main aim of Reef platform is to solve issues of investor by eliminating confusion by providing one-stop solution where users can take benefits of multiple DeFi networks. If market faces bullish signal, the maximum forecasted price is expected to reach $0.002056.
Reef (REEF) Price Prediction – 2025
If market observes bearish signal, the minimum forecasted price is expected to reach $0.002139. The average trading price is projected to hit $0.002252 at the end of the year. The fees structure of Reef project is very less comapred to other blockchains. Moreover, it controls excess pricing for its fee structure. If market faces bullish signal, the maximum projected price is anticipated to reach $0.002365.
If we compare average trading price with year 2024, we can analyze that prices has shown projected growth of 14.26%. The minimum price has shown projected growth of 13.41% while maximum price has shown increment of 15.03%.
Reef (REEF) Price Prediction – 2026
If market experiences downward trends, the minimum projected price is expected to reach $0.002467. The average trading price is projected to hit $0.002546 at the mid of June. If market faces bullish signal, the maximum projected price is expected to reach $0.002624. The Reef Chain has huge compatibility due to ehicvh developers will have no problem in importing their DApps to their Reef.
Reef (REEF) Price Prediction – 2027
If market faces bearish signal, the minimum projected price is expected to reach $0.002817. The average trading price is projected to touch $0.002971 at the end of the year. If market faces bullish signal, the maximum forecasted price is anticipated to reach $0.003124. The interesting part of Reef ecosystem is that it collects liquidity from different sources among Defi space.
Reef (REEF) Price Prediction – 2028
If market faces bearish signal, the minimum projected price is expected to reach $0.003275. The average trading price is projected to hit $0.003475 at the end of the year. If market faces bullish signal, the maximum forecasted price is anticipated to reach $0.003675. The another important feature is that users can stake Reef tokens and earn rewards. One of the main benefit of Reef is it pays attention on community members.
Reef (REEF) Price Prediction – 2029
If market faces bearish signal, the minimum projected price is anticipated to reach $0.003742. The average trading price during the mid of the year is projected to hit $0.003978 at the end of the year. One of the secret feature is that Reef uses Nominated PoS Consensus mechanism. If market faces bullish signal, the maximum projected price is anticipated to reach $0.004213.
Reef (REEF) Month – Wise Price Prediction – 2029
Month
Minimum price ($)
Maximum price ($)
Jan.
0.003742
0.003924
Feb.
0.003751
0.004213
March
0.003762
0.003942
April
0.003772
0.003951
May
0.003784
0.003962
June
0.003795
0.003975
July
0.003812
0.004025
Aug.
0.003825
0.004035
Sep.
0.003856
0.004056
Oct.
0.003864
0.004123
Nov.
0.003875
0.004135
Dec.
0.003885
0.004235
Reef (REEF) Price Prediction – 2030
If market faces bearish sentiments, the minimum projected price is anticipated to reach $0.004353. The average trading price is projected to hit $0.004656 at the end of the year. If market faces bullish signal, the maximum projected price is expected to reach $0.004956. The geneious cponcept behind Reef is to solve DeFi and make it accessible for everyone by integrating blockchains with one another.
If we compare average trading price with year 2025, we can anlyze that average trading prices has shown projected growth of 106.71%. If any person invests $100 in year 2025 and holds REEF coin upto 2030 his investments can reach $207.
Reef (REEF) Month – Wise Price Prediction – 2030
Month
Minimum price ($)
Maximum price ($)
Jan.
0.004365
0.004523
Feb.
0.004375
0.004532
March
0.004385
0.004956
April
0.004395
0.004552
May
0.004353
0.004564
June
0.004412
0.004575
July
0.004421
0.004591
Aug.
0.004429
0.004625
Sep.
0.004434
0.004635
Oct.
0.004442
0.004725
Nov.
0.004452
0.004735
Dec.
0.004464
0.004834
Reef (REEF) Price Prediction – 2040
If market faces bearish signal, the minimum projected price is expected to reach $0.01011. The average trading price is projected to hit $0.01497 at the end of the year. If market faces bullish sentiments, the maximum forecasted price is expected to reach $0.01982.
Reef (REEF) Month – Wise Price Prediction – 2040
Month
Minimum price ($)
Maximum price ($)
Jan.
0.01025
0.01323
Feb.
0.01035
0.01335
March
0.01042
0.01356
April
0.01056
0.01982
May
0.01123
0.01375
June
0.01134
0.01424
July
0.01011
0.01436
Aug.
0.01145
0.01456
Sep.
0.01156
0.01475
Oct.
0.01175
0.01485
Nov.
0.01232
0.01495
Dec.
0.01256
0.01523
Reef (REEF) Price Prediction – 2050
If market faces bearish signal, the minimum projected price is expected to reach $0.02281. the average trading price is projected to hit $0.02747 at the end of the year. If market faces bullish signal, the maximum projected price is anticipated to reach $0.03212.
FAQs
Q1) What is Circulating, Total, and Maximum supply of Reef (REEF) coin?
Ans – The Circulating and Total supply is 22,821,409,581 REEFand Maximum supply of Reef (REEF) coin is not available.
Q2) What is Market cap and Market rank of Reef (REEF) coin?
Ans – The market cap is $36,665,738and Market rank of Reef (REEF) coin is #643.
Q3) What is 24-hour trading volume of Reef (REEF) coin?
Ans – The24-hour trading volume of Reef (REEF) coin is $41,670,842.
Q4) What is Fully diluted market cap of Reef (REEF) coin?
Ans – TheFully diluted market cap of Reef (REEF) coin is #36,640,958.
Q5) What is All-time high and All-time low price of Reef (REEF) coin?
Ans – TheAll-time high price is $0.05841and All-time low price of Reef (REEF) coin is $0.001045.
Q6) Will Reef (REEF) coin reach $1?
Ans –Yes, Reef (REEF) coin can reach $1 but it will take more than 15 years i.e. after 2040. in this decade, we are not expecting REEF coin to hit $1. But if awareness on different social media platforms such as Facebook, Youtube, Twitter, Instagram rises and sudden popularity of REEF crypto coin increases then it is possible that within short time it may hit $1. The cryptocurrency is highly volatile market, prices may increase and drop at any time.
Q7) Is Reef (REEF) a good crypto to buy?
Ans –Yes, Reef (REEF) coin is a good crypto but only if you are planning to invest for long term. The Circulating and total supply is and maximum supply of REEF coin is not available. The market cap is $36,665,738 and market rank of REEF coin is #643. The 24-hour trading volume is $41,670,842 and fully diluted market cap is $36,640,958. If we observe price prediction from 2025 to 2030, we can analyze that average prices has shown average returns of 12 to 125% every year.
Q8) From where can I buy Reef (REEF) coin?
Ans – The top cryptocurrency exchange platform from where you can buy, sell, and trade REEF coin is Binance, KuCoin, HTX, Gate.io, MEXC, Bitget.
Q9) Can Reef (REEF) coin reach $10?
Ans – The current price of Reef (REEF) coin is $0.001958. The All-time high price of REEF crypto coin was $0.05841. The REEF coin need to grow by 510625% to reach $10.The REEf coin can reach $10 but it will take more than 40 years i.e. after 2060. In this decade, there is no possibility of REEF coin to reach $10.
Q10) Does Reef (REEF) coin have future?
Ans –Yes,Reef (REEF) coin has good future if you have patience to hold it for atl;least 10 years. The average trading price of REEF coin is projected to reach $0.01497 which is almost 500% projected growth for long term.
Q11) Is REEF (REEF) coin listed on Binance?
Ans –Yes,Reef (REEF) coin is listed on Binance platform.
Q12) When was REEF (REEF) coin created?
Ans – The REEF (REEF) coin was founded in 2010 by softare developer named Denko Mancheski with about 10 years of deep experience in blockchain industry. REEF is a platform based on Ethereum blockchain that has strong purpose to amke DeFi more accessible.
Q13) What is price prediction of Reef (REEF) coin in 2050?
Ans – The average trading price is projected to reach $0.02747. The minimum projected price is anticipated to reach $0.02281 while maximum price is projected to reach $0.02747.
Q14) How much should a beginner invest or trade in REEF (REEF) coin?
Ans – If you are a beginner then you should spend maximum time in researching crypto market, study chart patterns, learn different technical and fundamental analysis, watch crypto news. If you are a fresher then you should not invest more than $100 in crypto market. Once you gain deep experience and knowledge than you can gradually increase your investment as per your budget. The reason we recommend minimum investment is if you suffer loss it would not make any huge difference.
If any trader or investor has more than 5 years of experience in crypto industry then he should invest as per his budget.
Q15) Is REEF (REEF) coin a Scam or Legit?
Ans – this question is one of the most popular questions sked by many investors and traders as they are excited to know whether REEF crypto coin is scam or not. The REEF coin is listed on popular coin listing platform coinmarketcap. The blockchain developers and engineers review each coin or token before listing on their platform. If they find any suspicious activity such as manipulation of market cap and trading volume by crypto project owners. They will remove coin or token from their platform.
The another factor is that it is traded on popular trading platforms such as Binance, KuCoin, HTX with market cap of $36,665,738 and trading volume of $41,670,842.
As per our analysis and research, REEF (REEF) coin is not a Scam and it is genuine.
