NEI Network is a rebranding of GXChain. It is a low-cost blockchain that is compatible with the Ethereum network. Despite its cost benefits, the blockchain is fast and efficient. The platform is powered by its utility token NEI, which is also its gas token. NEI Network was founded in 2021 by Mcqueen Huang.
This piece will give you a comprehensive overview of the NEI Network and its utility token NEI. I will talk about the key features of the network, its token economics, past market performance, and future price forecasts. In the end, I will also give you names of the places you can buy REI and how you can do that.
REI Network (REI) Key Features
REI Network is a unique blockchain technology that has plenty of distinguishing features. Here are a few.
| Fast Transactions | REI networks clock an average block time of 3 seconds, allowing speedy transactions. |
| High Throughput | REI can handle up to 3000 transactions a second, delivering an amazing network throughput. |
| Free Gas | The platform offers near-zero gas fees on transactions, which is made possible by their unique staking and resource allocation. |
| EVM-Compatible | REI Network is compatible with Ethereum Virtual Machine, allowing seamless integration with Ethereum-based applications. |
| Community-driven | REI Network is a DAO, allowing its user community to take part in decision making within the platform. |
REI Network (REI) Tokenomics
REI has a total supply of 1 billion tokens and at 950 million, most of it is already in circulation. The token supply has no maximum limit.
REI Network (REI) Past Performance
While launched in May 2022, REI trading at $0.1316. After a very brief upward movement, the REI price crashed and has since been trading below $0.05. However, starting from March 2024, the token is showing signs of recovery.
At the time of writing, REI is trading at $0.2237 and the price has doubled overnight.
The token’s market cap is at $211 million. At $495 million, the 24-hour trading volume is a whopping 62 times the numbers yesterday.
REI Network (REI) Price Prediction
Technical indicators suggest that the current market sentiment is bullish while the fear & greed index is at 80 signaling extreme greed.
REI recorded 21 (70%) days in the green territory with a very high 41.34% price volatility. Our technical analysts think that it is now a good time to buy the REI token.
2024: Based on prevailing market sentiments, the price of REI is expected to rise by 242.16% and reach $ 0.955223 by the end of April.
2025: Going into 2025, the REI price is expected to fall between $0.2791 on the one end of the spectrum and $1.3835 on the other. The latter number will equate to a very good 524.47% return on today’s investment.
2030: Fast forward to 2030, REI is expected to be priced between $0.7765 and $1.2591. If we compare this with today’s price, REI could gain as much as 471.52% if it hits the upper price target.
Where to Buy REI Network (REI)?
You can buy REI from the following places where the token has good market depth.
Conclusion
As a DAO that offers a highly efficient blockchain, with the gas fee of peanuts, REI Network holds great potential. The icing on the cake is its support for EVM. Though the long-term performance of REI, the token, is lackluster, the last few days have been top-notch. Our analysts are bullish about the REI token.
As always, investments in cryptocurrencies are subject to market conditions and they can be extremely volatile. The reader is advised to take serious precautions before investing in such instruments. Moreover, we recommend that you stay away from leveraged and complex financial instruments, as they have proven to be a common cause of capital loss.
