Will REF Finance explode DeFi? + 34% in 24 hours

Do you know REF Finance? This is a brand new platform, which combines Decentralized Finance and applications of all kinds. But not only.

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REF Finance was built on the NEAR protocol. And if the NEAR token has exploded in recent hours, it is not for nothing. The recent launch of REF Finance and its REF token has the effect of a bomb, and gives all its legitimacy to NEAR Protocol. Let’s come back to this ecosystem so powerful that it pumps everything it touches!

REF Finance, to meet the DeFi

In the huge and tumultuous world of blockchain, there are different poles of activity. For example NFTs or cryptocurrencies that serve as a means of payment. And there is DeFi. Decentralized Finance is a whole universe. If DeFi were alone in its corner, it could still occupy all the bankers and all the industrialists of the world for decades.

Only here it is: DeFi (Decentralized Finance) was built in the first place via the blockchain Ethereum. Outside the latter was also the place of creation of NFTs, blockchain games such as crypto kitties, etc.

A problem quickly presented itself with all of this: the Ethereum network infrastructure was no longer sufficient to support this mountain of applications. It is for this reason that many projects have developed, in order to fulfill only one of the hundreds of functions that Ethereum performed.

And while waiting for the development of Ethereum 2.0, these solutions make it possible to take advantage of the innovations and benefits of new technologies and fields. And if the development of ETH 2.0 takes too long, Ethereum could simply disappear in favor of the many blockchains that are born every day.

NEAR protocol at the controls

NEAR protocol is one of these ecosystems created to replace Ethereum on a specific domain. It is a decentralized platform on which we can develop all types of applications, the dApps. And among these applications, the famous REF Finance has appeared.

REF Finance, what is it? It is like the gateway to the NEAR ecosystem. REF Finance offers several things. a AMM DEX, either a Automated Market Maker as DEX (Decentralized Exchange). An AMM DEX is a decentralized exchange platform where the swap (the exchange between two crypto) is done automatically. It’s a bit of a middle ground between the decentralization of DEXs and the efficiency of centralized platforms like Binance or Coinbase.

Thanks to this AMM DEX, you can carry out your Swaps on this platform and benefit from operational liquidity. But the great peculiarity of this exchange is that it is compatible with assets from the Ethereum blockchain.

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Why ? Simply because with this compatibility, you can carry out decentralized, profitable and lucrative finance operations, without burdening yourself with the significant costs associated with Ethereum. It is having the advantages of DeFi without the disadvantages. It’s still great, isn’t it?

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On the technical side

On a technical level, the REF Finance token is currently in a very interesting configuration.

REF trading started only 4 days ago and it is currently only available on 3 marketplaces, Gate.io, MEXC and ZT.

However, the token is in a particularly bullish configuration.

Fundamental analysis proves that this token will gain a lot of value:

  • The platform is powerful and solves important problems.
  • The ecosystem on which it is built is solid and has proven itself (NEAR Protocol)

The technical analysis is also positive:

  • The trading volume over the last 24 hours has exploded!
  • With a volume of $ 6,378,109, that’s an increase of 458% in 1 day.
  • The total market capitalization is 1.03 billion of dollars.
  • Market capitalization is increasing by 24% over the last 24 hours.

This token therefore has all the indicators that are in the green.

REF Finance 2022 price forecast

With a market cap slightly above $ 1 billion, REF is in 2799th position in the Coinmarketcap ranking.

Ref Finance Coinmarketcap

The REF Finance price on Coinmarketcap

  • REF coin price hit its ATH (All Time High) today.
  • With a listing started on October 22 at $ 5.9, it followed an almost rectilinear trajectory until last night
  • From 3 p.m. on October 25, it started to take off. The peak reached a few hours later at 15 dollars corresponds to an increase of 300% in a few moments.
  • Since then, the price of the token has fluctuated between 9 and 11 dollars in a compression pattern.

The output of this figure will be decisive for the rest. In the event of a breakout to the south, the price could regain low areas around $ 6

On the other hand, in the event of a positive breakout, the price will seek the ATH at 15 dollars before heading towards short-term objectives are:

  • 18 dollars
  • 23 dollars
  • $ 29

According to Fibonacci projections.

Another beautiful decentralized finance project that is taking off. After Fantom FTM, the Ethereum Killers seem to be taking advantage of Vitalik Buterin’s slowness in resolving ETH issues. This situation could well spill over into a paradigm shift, in which Ethereum crumbles to see the climax of these economical and efficient alternatives.

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