Purple zones are greating buying opportunities. Regardless, I've began building positions, and will continue to DCA
This project has insane pumpamentals. Their online community is insane. It's one of those projects that has already achieved high awareness within crypto social media and this generally creates huge pumps. This project is being built on polkadot and will definitely secure one of the very desired parachain slots. This combined with the projects technology and unique ability to recreate defi on polkadot, give it an insane potential to grow this year.
Currently we are at <200M marketcap. A growth of +5x puts REEF at a 1B marketcap which has been achieved by hundreds of crypto projects, and currently the top 64 cryptos are worth at least 1B. REEF will get to 1B on hype and speculation alone IMO. IF they accomplish their ambitious goals with their platform, and achieve real world functionality, The potential is +10B. This could be the first bluechip defi project on Polkadot.