istorically, REEF is a pump and dump. Hate to break it to you folks, but it is. These are the facts. People saying it isn't, you're on the wrong side of the data. The entire market is being run by trade bots. Large REEF tokens have been already allocated to holders, way before REEF even hit the exchange platforms, because of testnet operations (before mainnet).
I estimate each token to be valued at 0.0000001-0.0000001 maximum until larger companies want to use it, which currently they don't, because it is too expensive too. ETH is expensive, in general, to use anyway.
With that being said, REEF is a utility token which means the price has to remain low for companies to even want to use it. It is just the way it is right now