Will $REEF be the next token to be marketed? 📈

1) Dynamic analysis: Reef Finance is an intelligent revenue engine and liquidity aggregator that supports the integration of multi-chain DeFi protocols. The most noteworthy thing recently #Reef is Reef Labs’ $10 million accelerator program, which will provide support for Web3 projects and have a positive impact on Reef’s development. Applications closed on the 17th last month. At the same time, the project has just concluded its recruitment plan for project ambassadors. AMA events are held regularly, and the project team continues to work, indicating that there is a possibility of the project side pulling the strings;

2) Token analysis: The total number of tokens is 22.8 billion, all of which have been circulated. The current market value is 34 million US dollars. This market value is indeed a bit low considering that the accelerator program generated tens of millions of US dollars as soon as it was launched. Through the analysis of token holdings on the Ethereum chain, the address with the largest proportion of 46.5% has more than doubled its holdings in September last year. It is estimated that it is held by the project party or the project foundation, and the remaining addresses are all fractions. , indicating that the project has Dazhuang, and the motive for pulling the offer has been formed;

3) Market analysis: Looking at the weekly chart, the project has been falling continuously since its opening until now, except for the Defi summer of 2021. Especially after falling to the lowest price of $0.00111 on the 14th last month, it has begun to rebound in the past few days. At present, it is a completely super big bottom, with a very good bottom price. It is also a good time for the project side to pull the market, and all the changes have been washed;

4) Conclusion: Based on the analysis of the above three points, the project party’s motive for pulling orders is constituted, and the current timing of pulling orders is also appropriate. However, it is difficult to guess whether the project side has the intention of pulling orders to ship and cut users. However, For us retail investors, the current price is a very good opportunity to build a position. The probability of making a profit with a small position is quite high.