An under-the-radar decentralized finance (DeFi) blockchain undertaking is surging 30% this week, defying the general crypto market.
Reef (REEF) – a layer-1, EVM-compatible blockchain for DeFi, non-fungible tokens (NFTs) and gaming – is buying and selling at $0.005001 at time of writing, up from $0.003847 seven days in the past.
The 244th-ranked crypto asset by market cap can also be up greater than 5% previously 24 hours.
On the finish of August, Binance.US listed REEF. A number of days later, Reef dropped the “Reef Card,” a Mastercard crypto debit card, to clients in the UK and Europe, in response to a press launch.
The cardboard converts clients’ crypto into fiat currencies at time of buy, and it may be used at greater than 90 million retailers. Cardholders may also withdraw fiat currencies at choose ATMs.
This week, REEF was listed on Canadian crypto change Biconomy. Moreover, the undertaking lately announced a partnership with Web3 decentralized communication protocol EPNS. The partnership permits immediate and automated notifications when Reef customers’ property are bridged by way of Reef Chain.
The general crypto market cap is down almost 3% previously seven days. Regardless of REEF’s worth surge, it stays down greater than 91% from its all-time excessive of $0.057460, which it hit in March 2021.
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