The last few weeks have been a wild ride for Reef Finance that turned its REEF coin into a roller coaster of volatility. After its recent delisting on the BinanRE, REEF soared 1,200% in a matter of days while a correction has since pulled it back down 64%.

The long-term prospects of REEF for REEF coin are due to its unique aspect of working with decentralized finance (DeFi), NFTs, and gaming applications. Its foundation is the Substrate framework that provides the ability to offer low-cost and fast transactions, making it desirable for developers who create decentralized applications (dApps). Plus, it is EVM (Ethereum Virtual Machine) compatible, allowing for Ethereum-based projects to interoperate with it, which means it can have extensive integration opportunities across a wide range of different blockchains. So, as it expands its ecosystem and user base, this places REEF in a competitive position in the blockchain space.

If you are thinking of investing long run, best to follow with REEF's development on partnerships and new services to see whether REEF can hold or even augment its utility in the ecosystem and be prepared for a bumpy ride.