We are seeing a big descending channel with major price movement. This will shake out short term weak hands real quick. Need to see bullish volume to retest $.05. For you long term hodlers of REEF, this is a great time to add to your positions. Recent news of circulating supply increase ahead of schedule was met with disappointment within the REEF community. Denko did acknowledge this increase and is working on some strategic partnerships from the Dubai conference which could explain why the increase. We are still long on REEF but we are readjusting our price point to $.50 by the end of Q2 due to this increase. There has been some changes to the live roadmap with Chainlink Integration and REEF Client are in the testing phase. Work has started on the Plasm and Moonbeam support. As always, do your own research as this is not financial advice.
Comment:
Please keep in mind that REEF is on two chains atm. It's an ERC20 and BEP20 token. Some of the confusion of total circulating supply might have been attributed to this.