Renzo on Binance Launchpool - Price Prediction & Growth Potential!
Another week, another Launchpool and another Restaking project is listed on Binance Launchpool!
With just under 2 minutes, read this post to understand Renzo Protocol and its huge potential in Restaking Narrative - the potentially hottest trend of the year!
I. Renzo Protocol Overview How does it work? Renzo's restaking protocol is designed to offer users access to the EigenLayer ecosystem across various networks including Ethereum, Arbitrum, Linea, Mode, Base, BNB, and OKX L2 chains. This would enable users a chance to skin and have activity on new blockchain for potential airdrop.
Functioning as a liquid staking protocol, Renzo enables users to receive ezETH - Renzo liquid staking tokens by staking ETH on its platform. The APR for staking ETH can be monitored through the growth of ezETH tokens. Initially, the exchange ratio is 1:1, but it appreciates over time based on the platform's promised APR.
Unlike its counterparts, the value appreciation of ezETH tokens is supported not only by rewards from native staking on Ethereum but also from restaking on EigenLayer, potentially leading to higher returns for users. Additionally, the token can be utilized to earn extra APR by providing liquidity into DeFi LP and lending protocols, akin to other ETH staking protocols.
Achievements: $3.3B in Total Value Locked833M EigenLayer Points33.5% Restaking Market ShareTop 10 DeFi protocol by TVL7 Supported Networks250k+ active community members
Fundraising Renzo raised $3.2M in Seed round at the valuation of $25M, led by Maven 11 Capital and participated by OKX Ventures, IOSG, BitScale,....Most recently, Binance Labs invested in Renzo with an disclosed round and raised amount. II. Launchpool & Token Information
Token Name: Renzo (REZ)Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)Smart Contract Details: EthereumFarming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).Supported Pools: Stake $BNB: 212,500,000 REZ in rewards (85%) Stake $FDUSD: 37,500,000 REZ in rewards(15%)
$REZ Utility:
REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as: General risk management frameworksDeposits, collateral assets, and concentration amountsOperator whitelistingActively Validated Services (AVS) whitelistingTreasury and community grant Don’t fade on Renzo, start farming your $REZ now 👇 Join REZ Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇 Trade Now With a Permanent 10% Reduced Fee
III. Price Prediction & Our POV
Price Prediction
Make a comparison with recent Restaking Project - ETHFI and consider OTC price on Whales Market, we believe $REZ price could be around $0.38 at the listing ATH price and traded mostly around $0.28 - $0.38 with market cap around $280M - $380M Our POV Pros: Restaking Narrative - one of the hottest trend this year Ability to attract a huge amount of potential users and money with 7+ supported network, including chains that haven't released tokens.Strong backing from Tier-1 investorsLow annual token inflation rate in the first year of the token release (4.5%).
Cons: High annual token inflation rate in the second year after release (45%)Possibility of ezETH depeg In our POV, the sell force at the listing date won't be so high due to the long cliff in token allocation of foundation, team and investors. Moreover, for the airdrop distribution, the largest wallets holding greater than 500k ezPoints will be subject to a 50% unlock at TGE and 50% linear vesting over 3 months. Our advice is patiently waiting until the majority of the airdrop tokens are claimed then we can start buying $REZ at the price range of $0.15 - $0.25 and waiting for the Restaking narrative to explode.
Don’t fade on Renzo, start farming your $REZ now 👇 Join REZ Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇 Trade Now With a Permanent 10% Reduced Fee
Predict the price of BTC at 20th April 00:00 (UTC+0) to win up to $10000 of SATS token rewards!
To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward. Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0) on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
$400 XRP Price Point🔥🔥🔥 Analyst Breaks Down The Future Surge Date
Amid the XRP price unfavorable market sentiment, Changelly, a prominent global cryptocurrency exchange, has sparked new optimism by predicting a potential surge in the token’s price. The crypto exchange has projected new all-time highs for the cryptocurrency in the upcoming years.
XRP 2024 Price Prediction
On Wednesday, February, Changelly released a research report projecting XRP’s monthly prices for 2024. The crypto exchange emphasized XRP’s historical challenges, recounting significant declines that caused the cryptocurrency to trade well below its 2018 all-time high of $3.84.
Following an extensive analysis of XRP, Changelly has predicted a 23.71% increase in the price of XRP, surpassing current resistance levels at $0.5 and reaching $0.667 by February 16, 2024.
The crypto exchange noted that current technical indicators signal a 28% bearish bullish market sentiment on the token, alongside a Fear and Greed index reflecting high Greed at 74.
Ripple President Makes Big Statement on Crypto: Details🔥🔥🔥🔥🔥🔥🔥
Monica Long, president of Ripple, was recently featured in the New York Times Special Series, where she highlighted the potential of cryptocurrencies to transform finance and the global economy.
She mentioned the "cryptoization" of developing economies, where people have begun to prefer cryptocurrencies to local currencies due to macroeconomic instability and lax inflation controls.
The Ripple president mentioned that in Argentina, Zimbabwe and more recently, Nigeria, people are increasingly flocking to crypto or U.S. dollar-backed "stablecoins" for savings and purchases rather than their volatile home currencies.
Argentina, Zimbabwe and Nigeria are all dealing with the same issue: rising inflation is reducing consumers' purchasing power. Local currencies are rapidly losing value, resulting in increased acceptance of cryptocurrencies.
Long adds that this trend underlies the simple fact that the current financial infrastructure may be too "fractured, slow and expensive to serve growing global commerce."
However, this is poised to change with the rise of cryptocurrency and blockchain technology. Long believes that financial rails may and will become internet-native, offering greater accessibility and affordability to financial services for everyone.
Crypto Exchange Binance Announces Upcoming Listing for New Low-Cap Altcoin Project🔥🔥🔥🔥🔥
Top global crypto exchange Binance is about to list a new gaming-related altcoin project, according to the company.
In a new announcement, Binance says that it will add Fusionist (ACE) to its Launchpool platform, which allows users to stake coins in exchange for new ones.
ACE is the native token of Endurance, a decentralized gaming and social blockchain, which Fusionist, a Web3 AAA game, will use as its mainnet.
Staking of ACE is expected to start Wednesday, Binance says, and open trading of the altcoin could begin December 18th.
DOGE/BUSD and SHIB/BUSD are among the 23 margin trading pairs that will get delisted from Binance on November 9.
1.Binance announced it will delist 23 margin trading pairs, including prominent ones like ADA/BUSD and the memecoins DOGE/BUSD and SHIB/BUSD, on November 9, with automatic closure and settlement of positions for these pairs.
2.The delisted pairs are all denominated in BUSD, a stablecoin for which Binance will end support by early 2024, advising users to convert their BUSD holdings before February 2024.
3.This move follows a previous delisting of several BUSD pairs in October, with Binance citing the need to protect users and ensure quality trading markets due to factors like poor liquidity and volume
How far will Memecoin (MEME) price rise after listing?🤔🤔🤔🤔🤔😁
As crypto traders anticipate MEME trading on Binance, there are questions about Memecoin (MEME) price prediction after it gets listed on the world’s largest cryptocurrency exchange by trading volume.
While traders and investors consider MEME’s potential price movement, it is important to have an overview of Memecoin’s journey which began with a presale where the MEME token was going for $0.001 per token.
While there could be various opinions about the future of MEME’s price, there’s a consensus that MEME’s price is poised for an upward trajectory.
Some predictions suggest that MEME could rise toward the $0.01 mark, marking a tenfold increase from its presale price. However, it’s essential to remember that meme coins, in particular, are known for their volatility, and price predictions should be approached with caution.
Memecoins led by Pepe see double-digit gains as Bitcoin flirts with $35,000 benchmark
Bitcoin’s latest rally has cleared the path for a resurgence in memecoins, led by #PEPE🔥🔥 the cartoon frog-themed token that’s recently surged double digits.
The world’s most popular cryptocurrency has gone on a tear recently, breaking through $35,000 last week to hit its highest level in more than a year. Bitcoin, at time of publication, was up just under 1%, at $34,600, on Monday—and is still up almost 13% over the past seven days.
The surge led by Bitcoin has awoken the memecoin traders who were laying low over the past several months as crypto prices lagged. The pack leader, Pepe coin, has jumped 57% over the past seven days, reaching its highest level since August. Others like Dogecoin and Shiba Inu also gained.
If Bitcoin continues upward, memecoins could get comfortable in its slipstream—but because the tokens often have little to base their value on, any piece of bad news could drive prices right back down.
#Top 5 Meme Coins that Might Outperform Dogecoin in 2024
Investing in meme coins is an extremely speculative and risky undertaking, and it’s crucial to exercise caution while considering such investments. Meme coins are known for their unpredictability and the potential for substantial price fluctuations, influenced by social media trends, online communities, and celebrity endorsements. Though it’s impossible to predict the future performance of these coins with certainty, here are five meme coins that have caught our attention and may be worth monitoring in 2024.
Shiba Inu (SHIB): Shiba Inu, also known as the “Dogecoin Killer,” is a well-known meme coin that has gained popularity in the cryptocurrency world. It features an adorable Shiba Inu dog mascot and has a highly active and passionate community, making it a strong contender in the meme coin landscape.
SafeMoon (SAFEMOON): SafeMoon has become a popular topic of discussion within the crypto community due to its unique token omics. The token utilizes features such as reflection and automatic liquidity acquisition, which are specifically designed to reward long-term holders.
Floki Inu (FLOKI): Floki Inu is a meme coin named after Elon Musk’s Shiba Inu dog. Being an Ethereum-based token, it has become popular among the various meme coins that are inspired by dog-related themes.
Pitbull Token (PIT): Pitbull Token is another addition to the world of meme coins, often inspired by popular dog breeds. Although it may not be as widely recognized as some of its counterparts, it has a devoted and enthusiastic community that is supporting its growth.
Doge Killer (LEASH): LEASH is a cryptocurrency that is part of the Shiba Inu ecosystem, which is known for its meme coin trend. It is often referred to as a “Doge Killer” and has gained some attention in the meme coin community.
In conclusion, the world of meme coins is a constantly changing and unpredictable part of the cryptocurrency market.
Solana has soared as it capitalizes on hype around SEC's dismissal of lawsuit against Ripple Labs executives
Solana (SOL) is fast becoming a major altcoin sensation considering its current price action. The digital currency is on a parabolic run with its price trading on spot exchanges at $26.40 amid an 11.31% growth rate overnight. This current Solana price performance is indicative of a broader push in the market but has seen SOL as one of the biggest recipients of an impressive revival
Solana (SOL) is fast becoming a major altcoin sensation considering its current price action. The digital currency is on a parabolic run with its price trading on spot exchanges at $26.40 amid an 11.31% growth rate overnight. This current Solana price performance is indicative of a broader push in the market but has seen SOL as one of the biggest recipients of an impressive revival.
Solana has now effectively pared off its losses and has extended its gains in the past seven days. At the time of writing, Solana is up by more than 23% in the past seven days, capitalizing on its massive inflow marked by trading volume that is up 150%, as over $838 million has shifted hands overall.
While Solana is one of the altcoin with an elongated drawdown from the last crypto winter, its bulls are notably fond of capitalizing on new market trends to their benefit. At this time, the trigger is the dismissal of the lawsuit levied on Ripple Labs' executives Chris Larsen and Brad Garlinghouse, a move that is broadly being described as a win for the entire crypto ecosystem.
This news has stirred not just a rally on Solana but the majority of the altcoins in the market, including XRP.
Bitcoin pioneer Hal Finney can’t be Satoshi Nakamoto, new analysis suggests
Bitcoin pioneer Hal Finney was competing in a 10-mile race when Satoshi Nakamoto was responding to emails and transacting on Bitcoin, newly surfaced evidence has revealed.
For years, it has been speculated that the late Hal Finney, a computer scientist, created Bitcoin
He was the first person besides Satoshi to download and run Bitcoin’s software and was the first recipient of Bitcoin. Finney, however, denied the theory until his passing in 2014.
Jameson Lopp, a self-proclaimed cypherpunk and co-founder of Bitcoin custody firm Casa, doesn’t believe the speculation either. In an Oct. 21 blog post, Lopp shared new evidence that casts further doubt on the theory.
Welcome to the exciting world of cryptocurrency! Here's some friendly advice to help you on your crypto journey:
Educate Yourself: Take the time to learn the basics of blockchain technology and how cryptocurrencies work. Knowledge is your best friend in this space.
Stay Informed: Keep up with crypto news from reliable sources and follow experts on social media for insights into market trends.
Avoid FOMO: Don't rush into buying just because everyone else is. Base your decisions on research and your financial goals.
Start Small: Don't invest more than you can afford to lose. Cryptocurrency markets can be volatile, so begin with a modest amount until you're more confident.
Diversify: Don't put all your funds into a single cryptocurrency. Spread your investments across different coins to reduce risk.
Security First: Protect your crypto assets with strong passwords, two-factor authentication (2FA), and by using reputable wallets and exchanges.
Hodl and Patience: Crypto markets can be wild, but sometimes patience pays off. Don't panic during market dips; it's all part of the ride.
Beware of Scams: Be cautious of phishing attempts, Ponzi schemes, and projects promising guaranteed returns. If it sounds too good to be true, it probably is.
Seek Guidance: Don't hesitate to ask questions and seek advice from experienced crypto enthusiasts or financial advisors.
Enjoy the Journey: Remember that investing in crypto is a marathon, not a sprint. Enjoy the learning process and embrace the opportunities this space offers.
Stay curious, stay cautious, and may your crypto adventure be both educational and rewarding!