3 Reasons Reef Finance, Bridge Mutual, and Morpheus Network Are Going Up


As new institutional and retail investors arrive in the cryptocurrency space on a daily basis, high-yield, large-cap currencies such as Bitcoin (BTC) and Ether (ETH) capture most of investors’ attention as they are well known. such as “safe investment” blockchain projects.

Once these new investors get a taste of the major cryptocurrencies and how to navigate volatile markets, your attention will soon shift to smaller cap currencies in search of promising projects that could be the next big thing.

Actually, CoinMarketCap shows that 8,475 tokens exist with more being added every day. This makes it difficult to keep up with the latest developments and find solid projects with real world potential.

That being said, here are some cool projects that have been gaining traction in recent weeks.

MRPH / USDT

Morpheus Network (MRPH) is a blockchain platform focused on logistics and supply chain optimization by using its SaaS middleware platform that is integrated with emerging technologies.

Supply chain managers can use the platform to create a digital representation of their network as the information collected is transformed into actionable data, and all steps in the supply chain are notarized on the blockchain. Morpheus.

MRPH was trading at a price of USD 0.412 on January 15 before an influx of trading activity raised the token more than 920% to a high of $ 4.44 on February 8.

4-hour chart of the MRPH / USDT pair. Source: TradingView

The rapid rise in price was due in part to the attention the project received from several popular YouTube influencers and recent verifiable MRPH partnerships, What Qingdao Maple Leaf International Trading Co. China and the possibility of a partnership with Coca-Cola in Latin America.

Speculation aside, The Morpheus platform currently has more than 100 integrations with leading service providers across the industry, including DHL, FedEx, SWIFT, Oracle, and Salesforce. With significant real-world partnerships and the attention of crypto influencers, MRPH has strong fundamentals and is likely to receive more attention from investors.

BMI / USDT

Bridge Mutual (BMI) is one of the newcomers to the decentralized insurance space, but it has quickly caught the attention of investors.

The insurance platform offers coverage for stablecoins, centralized exchanges, and smart contracts. It also allows users to provide insurance coverage, determine insurance payments, and receive compensation for participating in the ecosystem.

BMI’s initial decentralized exchange offering (IDO) took place on January 30 at a price of $ 0.125 per token and was listed for the first time on Uniswap for $ 1.03. Since it was included in Uniswap, BMI has rallied 540% to a high of $ 5.46 on February 3. Currently, BMI is trading at $ 3.24 after the market crash that began on February 21.

BMI / USD 1 hour chart. Source: CoinGecko

Decentralized insurance has so far been dominated by Nexus Mutual (NXM), But the arrival of BMI introduces a new challenger in a field with increasing demand due to the risky nature of investing in DeFi platforms.

REEF / USDT

Reef (REEF) is a Polkadot-based DeFi platform that aims to offer cross-chain trading powered by a performance engine and intelligent liquidity aggregator that enables automation of the exchange process.

One problem that Reef developers hope to offer a solution for is the high gas commissions on the Ethereum blockchain that currently render DeFi unusable for many community participants. The team also hopes to help connect liquidity pools from separate networks, avoiding the need for multiple accounts that can be difficult to track.

4-hour chart of the REEF / USDT pair. Source: TradingView

Work on the project began in the second half of 2020 with the completion of its IDO on September 30. After being listed on Binance and Uniswap in late December 2020, REEF’s price bottomed out at $ 0.0067 on January 13 and has since risen more than 750% to a high of $ 0.054 on February 11.

The DeFi niche continues to be one of the fastest growing areas in the cryptocurrency sector and Reef is well positioned to take advantage of their continued growth. As the Polkadot ecosystem increases its user base and provides solutions that alleviate Ethereum’s high transaction costs, cross-chain functionality projects like Reef are set to benefit as decentralized finance reaches mass adoption.

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