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3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Strong principles and new partnerships back the powerful rallies in Morpheus Network, Bridge Mutual and Reef Finance.

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Reef Finance, Bridge Mutual and Morpheus Network

As new institutional and retail investors input the cryptocurrency distance on a daily foundation, equaling top actors such as Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention since they would be the renowned’protected’ blockchain projects.

After these new investors get a taste of the mainstay cryptocurrencies and the best way to browse the volatile markets, then their attention soon turns into smaller cap coins since they search for the up-and-coming jobs that would be the next big thing.

At present, CoinMarketCap proves that you can find 8,475 tokens and more are added every day. This makes it challenging to keep up with the latest developments and find solid jobs with real-world possible.

With that in mind, here are some interesting projects which have been gaining strength over the past couple of weeks.

Morpheus Network (MRPH) is a blockchain platform centered on logistics and supply chain optimization through the use of its SaaS middleware system that’s integrated with emerging technologies.

Supply chain managers can use the system to make an electronic representation of their network as data collected is transformed into actionable information, with all measures in the supply chain being notarized over the Morpheus blockchain.

MRPH was trading at a price of $0.412 on Jan.15 before an influx of trading activity lifted the token more than 920% to a high of $4.44 on Feb.8.

<img ” src=”https://s3.cointelegraph.com/uploads/2021-02/ea1f18a9-7ffb-4337-a6ac-2f09ade7a27f.png” />
MRPH/USDT 4-hour graph. Source: TradingView

The rapid rise in price was due in part to the brand new attention the project received from many renowned YouTube influencers and recent verifiable MRPH partnerships, such as China’s Qingdao Maple Leaf International Trading Co. along with also the prospect of a partnership with all Coca-Cola from Latin America.

Speculations aside, the Morpheus platform currently has more than 100 integrations with industry-leading providers such as DHL, FedEx, SWIFT, Oracle, and Salesforce. With significant real estate partnerships as well as the interest of cryptocurrency influencers, MRPH has strong principles and is very likely to gain more attention from investors.

BMI/USDT

Bridge Mutual (BMI) is a more recent arrival into the decentralized insurance space but it has quickly gained the interest of investors.

The insurance program offers protection for stablecoins, centralized exchanges and smart contracts. In addition, it allows users to offer insurance policy, determine insurance payouts, and recie paid for participate in the ecosystem.

BMI’s initial decentralized exchange offering (IDO) was conducted on Jan. 30 having a token price of $0.125 plus it was initially listed on Uniswap for $1.03. Since list, BMI has rallied by 540% to a high of $5.46 on Feb. 3. At present, BMI trades at $3.24 after the recession in the marketplace that started on Feb. 21.

Source: CoinGecko

Decentralized insurance has been dominated with Nexus Mutual (NXM), however, BMI’s coming provides a fresh challenger into a field with growing demand because of the risky nature of investing in DeFi platforms.

REEF/USDT

Reef (REEF) is a Polkadot-based DeFi platform which intends to offer cross-chain trading powered by a yield engine and smart liquidity aggregator that enables automation of the trade process.

1 issue Reef developers aspire to supply a remedy for is high gasoline fees about the Ethereum blockchain that are now making DeFi unsuitable for many community participants. The group also hopes to help connect liquidity pools from separate networks, avoiding the need for multiple accounts which could be difficult to keep track of.

REEF/USDT 4-hour graph. Source: TradingViewWork on the project started from the second half of 2020 together using the completion of its IDO on Sep.30. Following its record on Binance and Uniswap in late December of 2020, REEF price bottomed at $0.0067 on Jan.13 and has since increased more than 750% to a high of $0.054 on Feb.11.

DeFi remains one of the hottest growth areas in the cryptocurrency industry and it’s well-positioned to capitalize on its own continued growth. As the Polkadot ecosystem grows its user base and gives solutions that provide relief from top Ethereum trade expenses, cross-chain performance projects like Reef rack prepared to profit as decentralized finance goes mainstream.

 

 

Name: 3 reasons Reef Finance, Bridge Mutual along with Morpheus Network are rallying
Sourced From: cointelegraph.com/news/3-reasons-why-reef-finance-bridge-mutual-and-morpheus-network-are-rallying
Published Date: Sat, 27 Feb 2021 23:05:00 +0000

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