Since its delisting from Binance, the Reef token has shown substantial growth, capturing the attention of the crypto community.

Impact of Binance Delisting

The Reef token has risen by 1500% in the two months since its delisting from Binance, making it one of the fastest-growing cryptocurrencies in 2024. Since August 26, its market cap has increased to over $223 million.

New Initiatives and Developments

After the delisting from Binance, the Reef developers initiated a new fund to incentivize developers and implement projects within the ecosystem. Additionally, a project to create the first Hydra Coin NFT battle card game on the Reef platform was announced.

Reef Price Chart Analysis

The Reef token has broken past the key resistance level at $0.0053 and remains above the 50-day and 100-day exponential moving averages. However, the RSI and Stochastic Oscillator are at overbought levels, which could lead to a correction soon.

Reef is showcasing strong growth following its Binance delisting, despite the risks of a local correction. New developments and projects are strengthening its market position.