{"id":426752,"date":"2023-08-04T14:13:37","date_gmt":"2023-08-04T14:13:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=426752"},"modified":"2023-08-04T14:13:37","modified_gmt":"2023-08-04T14:13:37","slug":"rei-network-price-prediction-is-it-time-to-brace-for-a-crash-and-shift-to-xrp20","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/rei-network-price-prediction-is-it-time-to-brace-for-a-crash-and-shift-to-xrp20","title":{"rendered":"REI Network Price Prediction: Is it Time to Brace for a Crash and Shift to XRP20?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">REI Network is trading in the red today as the bears exert pressure on its price. Its price gain in the past week is 11.3%, while it is up 19.2% in the past month. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The coin trades at $0.0275 at 5:32 am EST, with a 12% decline in its price within 24 hours. <\/span><\/p>\n<h2>REI Network Among Top Losers On CoinGecko<\/h2>\n<p><img decoding=\"async\" class=\"wp-image-426756 aligncenter\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-04-at-5.44.04-PM-1024x531.png\" alt=\"REI Network\" width=\"867\" height=\"450\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-04-at-5.44.04-PM-1024x531.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-04-at-5.44.04-PM-300x156.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-04-at-5.44.04-PM-768x398.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-04-at-5.44.04-PM.png 1049w\" sizes=\"(max-width: 867px) 100vw, 867px\"><\/p>\n<p><span style=\"font-weight: 400;\">REI network is among the top losers on <\/span><a href=\"https:\/\/www.coingecko.com\/en\/crypto-gainers-losers\"><span style=\"font-weight: 400;\">CoinGecko<\/span><\/a><span style=\"font-weight: 400;\"> today, a drastic drop from its rankings yesterday. <\/span><span style=\"font-weight: 400;\">The drop is likely a reflection of the retracement of the global crypto market in the last 24 hours. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">⚡️TOP GAINERS OF THE DAY! <br>3 August 2023<a href=\"https:\/\/twitter.com\/search?q=%24REI&src=ctag&ref_src=twsrc%5Etfw\">$REI<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24TLOS&src=ctag&ref_src=twsrc%5Etfw\">$TLOS<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24OX&src=ctag&ref_src=twsrc%5Etfw\">$OX<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24UOS&src=ctag&ref_src=twsrc%5Etfw\">$UOS<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DFA&src=ctag&ref_src=twsrc%5Etfw\">$DFA<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24WLKN&src=ctag&ref_src=twsrc%5Etfw\">$WLKN<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24GSWIFT&src=ctag&ref_src=twsrc%5Etfw\">$GSWIFT<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LBR&src=ctag&ref_src=twsrc%5Etfw\">$LBR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XDC&src=ctag&ref_src=twsrc%5Etfw\">$XDC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24METIS&src=ctag&ref_src=twsrc%5Etfw\">$METIS<\/a> <a href=\"https:\/\/t.co\/wqRDV0jVzp\">pic.twitter.com\/wqRDV0jVzp<\/a><\/p>\n<p>— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) <a href=\"https:\/\/twitter.com\/Crypto_Dep\/status\/1687066260276727808?ref_src=twsrc%5Etfw\">August 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">On August 3, REI ranked among the top gainers with a 31% price gain in 24 hours. The price spike was likely due to REI’s listing on <\/span><a href=\"https:\/\/twitter.com\/GXChainGlobal\"><span style=\"font-weight: 400;\">Binance<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, its partnership with SC Space for an <\/span><a href=\"https:\/\/t.co\/1DiuiIN41S\"><span style=\"font-weight: 400;\">NFT airdrop<\/span><\/a><span style=\"font-weight: 400;\"> contributed to the surge. So, the slump today might be temporary. <\/span><span style=\"font-weight: 400;\">However, a closer look at the REI on the daily chart will yield more insight into its price action. <\/span><\/p>\n<h3>Will REI Network’s New Partnership Drive Price Recovery?<\/h3>\n<p><span style=\"font-weight: 400;\">REI Network announced a <\/span><span style=\"font-weight: 400;\">partnership<\/span><span style=\"font-weight: 400;\"> with Pira Finance on August 3. These two DeFi providers are aligned to bring financial freedom to individuals worldwide by integrating their strengths to create a limitless financial framework.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Standing out as a #1 Native community-owned DEX built on Base. Pira Finance focuses on inclusivity and empowerment aligns perfectly with REI Network's vision of providing low-cost development, rapid application migration, and an ecosystem that knows no boundaries.<\/p>\n<p>— REI Network｜From #GXChain! (@GXChainGlobal) <a href=\"https:\/\/twitter.com\/GXChainGlobal\/status\/1686943271833231360?ref_src=twsrc%5Etfw\">August 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>REI Price Analysis<\/h2>\n<p><span style=\"font-weight: 400;\">The daily chart reveals a sharp decline in REI’s price from its previous gains. The price slump is similar to its past action between July 30 – August 1, when it formed three consecutive red candles on the daily chart. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">REI faces resistance at the $0.030 level but finds critical support at the $0.0274 price level. However, the bears can force a retreat to the $0.0243 support level if the sellers increase their pressure. <\/span><\/p>\n<h3>REI Network Price Chart<\/h3>\n<p><span style=\"font-weight: 400;\">REI price is falling today as the bears continue to force a decline. Today’s price movement shows a drop in buying pressure confirmed by the Relative Strength Index (RSI) indicator descending from the overbought zone with a value of 63.54.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the asset still trades above its 50-day and 200-day Simple Moving Average (SMA). Also, the Moving Average Convergence\/Divergence (MACD) is above its signal line, confirming the presence of the bulls in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the fading Histogram bars support the falling RSI, implying that the bears are in control. <\/span><span style=\"font-weight: 400;\">REI will likely return to the $0.0243 support level if sellers dominate the market. However, a long-term recovery is a possibility.<\/span><\/p>\n<h3><b>REI Network Alternative<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">XRP20 is a crypto project built on Ethereum’s blockchain seeking to give investors a chance to make a profit by purchasing high-value tokens at low rates. <\/span><span style=\"font-weight: 400;\">Most investors missed the chance to join Bitcoin, Ethereum, and XRP early but have a second chance with XRP20.<\/span><\/p>\n<p>https:\/\/twitter.com\/XRP20_coin\/status\/1687380690331963392<\/p>\n<p><span style=\"font-weight: 400;\">It relies on the power of a growing crypto community similar to the original XRP Army in its relentless pursuit of success. <\/span><span style=\"font-weight: 400;\">The project features a stake-to-earn mechanism for its users as a source of passive income. This prevents excess circulation of tokens and boosts their overall value. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP20 has a total supply of 100 billion tokens, with 40% for the presale, 40% for staking, 10% for DEX liquidity, and 10% for burning. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The burning mechanism is one of the high points in the ecosystem. Besides the 10% dedicated to the token burns, 0.1% of every buy and sell transaction on the network is sent to the burn address. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP20 enjoys growing interest from the crypto community, with over 500 followers on Twitter and a thriving Telegram channel. <\/span><\/p>\n<h4><b>XRP20 Presale<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">XRP20 presale is ongoing and fast approaching its 1.85 million targets. <\/span><span style=\"font-weight: 400;\">1 XRP20 token is worth $0.000092, giving investors the best opportunity to accumulate these tokens.<\/span><\/p>\n<p>https:\/\/twitter.com\/XRP20_coin\/status\/1687022804992917504<\/p>\n<p><span style=\"font-weight: 400;\">Users can <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/xrp20\" rel=\"nofollow\"><span style=\"font-weight: 400;\">visit the site<\/span><\/a><span style=\"font-weight: 400;\"> to purchase XRP20 by connecting their secure crypto wallet and completing the process with ETH or USDT. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, Trust Wallet or Meta Mask are some of the best options for this purchase.<\/span><\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/whitebit-cryptocurrency-exchange-enters-the-metaverse-with-tcg-world\">WhiteBIT Cryptocurrency Exchange Enters the Metaverse with TCG World<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/whitebit-token-on-stellar-charge-in-july-what-you-should-know-about-this-hidden-crypto-gem\">WhiteBIT Token’s Stellar Charge is Fizzling Out. Time to Hit the Exit?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/whitebit-token-is-analysts-choice-as-steady-july-gains-continue-while-this-coin-could-make-you-rich-in-hours\">WhiteBit Token Is Analysts Choice As Steady July Gains Continue While This Coin Could Make You Rich in Hours<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/presale-of-chimpzee-a-web3-charity-centric-project-gains-momentum-with-enticing-airdrop-offer-fundraising-hits-1-1-million\">Presale Of Chimpzee, A Web3 Charity-centric Project, Gains Momentum With Enticing Airdrop Offer – Fundraising Hits $1.1 Million<\/a><\/li>\n<\/ul>\n <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n <div class=\"inContentProviderSingle--wrapper\">\n <div class=\"container\">\n <div class=\"row mb-lg-3\">\n <div class=\"col-12 col-md-8\">\n <p class=\"inContentProviderSingle--title\">Best Wallet - Diversify Your Crypto Portfolio<\/p>\n <\/div>\n <div class=\"col-12 col-md-4\">\n <div class=\"inContentProviderSingle--rating\">\n <div class=\"rating--holder\">\n <p class=\"rating--text\">Our Rating<\/p>\n <div class=\"rating--star-container\">\n <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div><!--\/.col-md-4-->\n <\/div><!--\/.row-->\n <div class=\"row\">\n <!-- ******* Desktop Provider Logo ********** -->\n <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/Best-Wallet.svg\" alt=\"Best Wallet\" width=\"125\" height=\"60\">\n <\/div>\n\n <div class=\"col-12 col-md-8\">\n <ul class=\"inContentProviderSingle--list\">\n <li>Easy to Use, Feature-Driven Crypto Wallet<\/li>\n <li>Get Early Access to Upcoming Token ICOs<\/li>\n <li>Multi-Chain, Multi-Wallet, Non-Custodial<\/li>\n <li>Now On App Store, Google Play<\/li>\n <li>Stake To Earn Native Token $BEST<\/li>\n <li>250,000+ Monthly Active Users<\/li>\n <\/ul><!--\/.inContentProviderSingle--lis-->\n <\/div>\n <!-- ******* Desktop Provider Logo ********** -->\n <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/Best-Wallet.svg\" alt=\"Best Wallet\" width=\"125\" height=\"60\">\n <\/div>\n <\/div><!--\/.row-->\n <div class=\"row\">\n <div class=\"col-12 text-center\">\n <div class=\"inContentProviderSingle--button\">\n <a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" title=\"Start Trading\" rel=\"nofollow\">Download Now<\/a>\n <\/div>\n <div class=\"inContentProviderSingle--disclaimerText\">\n <\/div>\n <\/div>\n <\/div><!--\/.row-->\n <\/div><!--\/.container-->\n <\/div><!--\/.inContentProviderSingle--wrapper-->\n <\/div><!--\/.inContentProvider--single-->\n \n \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">REI Network is trading in the red today as the bears exert pressure on its price. Its price gain in the past week is 11.3%, <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[…]<\/a><\/div>","protected":false},"author":1940,"featured_media":426765,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7598,14823],"class_list":["post-426752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-crypto","tag-rei-network"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>REI Network Price Prediction: Is it Time to Brace for a Crash and Shift to XRP20?<\/title>\n<meta name=\"description\" content=\"REI Network is trading in the red today as the bears exert pressure on its price. 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