🚨 $REZ - RENZO 🚨
Only a few hours left to participate in the #REZ #BinanceLaunchpool !
You might be wondering, why should I invest and what price should I expect at listing for the token?
You're in the right place!
Let's start with the basics: what is #RENZO ?🔍
Renzo is a liquid restaking protocol based on the EigenLayer blockchain.
Essentially, it enables users to stake and other liquid staking tokens while remaining liquid. In fact, by staking assets on Renzo, you are rewarded with ezETH, while earning ezPoint rewards for future airdrops and restaking opportunities.
The project has all the potential to provide high returns in the next #bullrun . Keep in mind that restaking represents a newly emerging trend, and many big players are making substantial investments in restaking projects.
However, as a general rule, I would advise against buying or trading immediately after listing.
With every launchpool or new listing, there is typically significant selling pressure from large launchpool or airdrop farmers. Additionally, the macro outlook and $BTC performance are not favorable at the moment.
Let the price settle down and wait for a clear direction before considering any action.
According to the Renzo whitepaper:
Initial Circulating Supply: 1,150,000,000
Total Supply: 10,000,000,000
IMO, it is safe to assume a market cap of around 200-350 million at listing with a price of around $0.30.
The potential is huge if we compare it to other similar projects like $pendle ($1.5B market cap).
What is your prediction? 🔮
Let me know down in the comments👇
