Reef Trading Down 30.3% This Week (REEF)

Reef (REEF) traded down 1.6% against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on March 2nd. Reef has a market capitalization of $12.50 million and $8.91 million worth of Reef was traded on exchanges in the last day. During the last week, Reef has traded 30.3% lower against the U.S. dollar. One Reef coin can now be bought for approximately $0.0006 or 0.00000001 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded 1.8% lower against the dollar and now trades at $0.95 or 0.00001105 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 1.4% against the dollar and now trades at $85,577.35 or 0.99885450 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.6% against the dollar and now trades at $85,391.65 or 0.99668700 BTC.

About Reef

Reef (REEF) uses the hashing algorithm. It was first traded on December 1st, 2020. Reef’s total supply is 21,015,694,230 coins. The official message board for Reef is blog.reef.io. The official website for Reef is reef.io. The Reddit community for Reef is https://reddit.com/r/reefdefi and the currency’s Github account can be viewed here. Reef’s official Twitter account is @reef_chain and its Facebook page is accessible 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.”

Reef Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Reef directly using US dollars. Investors seeking to trade Reef should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Reef using one of the exchanges listed above.

REEF/USD price chart by TradingView