Bitcoin Forum

I've read on the group which I've joined on telegram, majority of the members was binance users. The topic discussed lately was about reef coins, that it's really a potential asset in the next coming months. I had no proper ideas with this asset for the main time, but what I found out from them is a positive feedback. What can you say about their analysis? Is there any good predictions or that's just a hype stories from traders who bought that coin from binance?

Reef is a project is developing under Polkadot Blockchain that's why its getting a lot of attention. Still only few project is working on Polkadot that's most of it are having the spotlight especially from traders that looking for potential gem. I don't know the full information about Reef about the only answer to your question was, Polkadot giving it a hype because of traders speculation.

as i know binance will not listed any coins or tokens if the project has no potential mate
and binance will delisted any project if the volume decreasing each time,,
so, for me reef has a good chance to grow in current bull market

Nice thoughts mate, I can now foresee who will be the right one to choose for now because i am already planning ahead what's my next move for my holdings. As binance continue to be more strong on their reputation, they'll never failed us generate good passive income.
Hoping to start at least $200 this time and let it grow in the next few months or long term.

Either ways!

Always take precaution when you do hear out these kind of positive sentiments, you wouldnt know if those are just purely shilling the coin just for noobs
to buy out those coins and those dudes would able to sell off their loads which is already a pretty known way of deceiving people.
It all matters on your own jurisdiction towards the project which simply means that you do need to do make some research
if its really worth or just a trash that they are just trying to hype it up.

I think the first step is to check the reef coin itself, website/developments and the whole nine yards. Though binance will not list a promising coin, but still you need to be careful when it comes to new project. Whenever, I remember CZ's statement regarding sushiswap listing before (https://www.newsbreak.com/news/2055951730199/changpeng-zhao-cz-discloses-why-sushi-token-got-binance-listing), I always think that not all coins listed in binance passed thru a stringent process, but it depends on how they are being marketed or if it has active community supporting it. So spare yourself from believing those baseless suggestions but also do your own homework.

Reef projects are quite potential, they have a great team and many good partnerships, besides that Reef also has many Investors from several big companies. the token price is still low and can be used as a long-term investment.

I am bullish on Reef because they are powered by the Polkadot ecosystem and they are also another DeFi project which is one of the trends these days. They are under Polkadot so I believe users will not complain about the transaction fees just like on Ethereum now. If you also try to look at their roadmap, at Q3 2021, there you can see the NFT Baskets. So, they will gonna enter the NFT which is starting to trend again these days.

The REEF hype was large as the CMC showed as the total supply of 4 billion, where in fact it is 20B. The project in the paper is good but very,very ambitious.

these were the two thoughts came into my mind too. if Reef listed in Binance. that measn it has some potential and it can be a good project. because Binance has very good due diligence  and project checkinn policty. they don't just list any random token or shit count out there.
2nd they are on polkadot which also giving them very good boost.

The market is drastically change the previous pattern of crypto market, so we see 400% growth on last 45 days.
The reality of Binance capture 62% volume of Reef so current growth is totally depends on Binance and we see BNB growth is totally changed so automatically other following coins are follow the way.

What already offered by reef is just a combination between all of the idea that already developed by another platform. It looks like people are feeling very bullish with this one consider reef gets listed on binance and supported by polkadot. This project has less strategic partnership and so for my impression is not so hyped like the binance users.

Apart from the fact that the project is a Binance launchpool and being backed by huge VCs, i don't see anything new about the price, I am looking personally into it because I have already made money trading it before, bought at 20sat and sell at 60sat but the upside growth is still good

They were hyping their portfolios and i do believe if they have spend some of their money to invest. They were only hyping reef caused by it can attract the new users to come to the market and then buy reef.
That's what we have called that as supporters that FOMOing the project based on his own opinion.
Reef is good but im seeing it if it's not so potential as another platform like flow. It's only hype story from those holders.

REEF coin was just launched on Mid 2020, and on Coinmarketcap even listed them on early 2021,why do you need them to achieve new ATH in short time like that? We even know all altcoin price got affected by bitcoin price got dump more than $9000, it takes time to back.

Agree, most people shilling because they already buy it early and want to attract another investors...

The only good thing that makes me invest into this project Reef is that the investors behind it are very strong and the will likely help the project to succeed, the DEFI space is getting too crowded now and we are seeing winners being separated from losers and most people will end up holding all these useless DEFI tokens, invest in projects that has a strong team you will be fine

Every coins listed on Binance aren't really that perfect for us to presume that they are the best because they've been listed on most famous exchange at the moment
but as mentioned that it isn't a guaranteed thing that it would succeed.Basing off on how many coins had been delisted then you can say that it all matters with the
demand itself.If you are in doubt on a project then you can always make research in depth review on your own and make decision if its really worth for you
or not.Dont get yourself dragged with the hype or some positive suggestions because its neither true or just simple shilling.

If it's listed on binance, most of the coins will have great hype to get x2 or x3, but dont be greedy if you already see it happen because the dump could happen whenever.
The only one that really take profit from it is the holder of the coins, but if you arent you may have opportunity to loss, becareful.

It's caused by this coin already listed on binance and that's why you were seeing bunch of binance users on the its telegram group and that makes sense if these users were hyping this coin consider there are lots of users have invested their money on this one dude.
That's a common thing to see that and binance users were also actively discussing various coins other than reefcoin too
it's only hype

Actually, all projects that are successfully listed on Binance are usually quite potential to generate profits, because I think the Binance team is
quite selective in choosing projects that will list on their exchange. Regarding REEF, it is a DeFi project built on the Polkadot platform, and
its performance is quite good when viewed from the beginning it was created until now. Moreover, REEF is also listed on other popular exchanges,
so it shows REEF is a coin with a bright future. So I recommend REEF to buy, because based on my analysis REEF can provide profit if we HODL.

The hype of REEF is real. I have been tracking it for quite some time now and accumulated little in the dips. The roadmap for Q1 2021 is good and if the development plans go as scheduled then we can see a great future. The Reef client is going to be out on the 28th of FEB so just 3 days away from it and Reef Basket Engine is planned for the 31st of March. So it's definitely a great coin to hold for mid-term.

This coin has the potential to do well on Binance but right now all the coins on the market are experiencing a drastic decline. but if you already hold this Coin Reef, please hold on waiting for the increase

REEF is a new and quite promising coin. I think that its growth will definitely continue. Although the drawdown, of course, turned out to be a little more than I expected. But Binance hardly began to spoil its reputation with a coin without potential. I will be guided by the situation.

What's great about this coin was, it's still profitable to invest while the value isn't that expensive. Upon checking the progress of this coin, there's an active trading which is really attracting for everybody. Potential and positive reviews could always be a potential factors to make an asset increase a sustainable demand.

I have invested in reef which is undervalued and also this project is under polkadot blockchain. If you follow their social media account they have so many news and announcement in the coming months. So many event in the coming months like chainlink integration. If you are planning to invest in reef you may search this project, meanwhile since the price is low I'm staking my reef in pancakeswap.

Reef really seems a game-changing project but there are lots of questions that should be answered by the team definitely. The Reddit article is still there and the team gave blurred answers to it. At least those AMA did not clear my suspicion. I sold my reef tokens when it was around $0.037 with small losses, I would like to reinvest in it but need to be sure the project is not a scam and the team is trustable.