Are you ready? Binance will list $ETHFI at 7pm on March 18 (Vietnam time). This giant is getting a lot of attention from the crypto community. Let's take a look at its strengths, weaknesses and price predictions đđ
đąStrengths:
âąLeading the Liquid Restaking trend, TVL is sky-high at 2.8 billion USD (LST's TVL is nearly 10 billion, accounting for 1/3) â> TVL is important to evaluate whether the project is really good or not and #EtherFi it proves it.
âąJustin Sun stakes more than 120K $ETH on ether.fi â> Any project that Sun participates in must be said to be prestigious and very strong.
âąPlatform audited by Certik, omnisca.. â> Safety and security are core factors for staking projects, you can rest assured.
âąStrong and experienced core team, most recently raised $27 million last month by major VCs in the market.
đŽWeaknesses:
âąNo significant weaknesses of the project have been identified at present.
âąConsidering the token vesting, at the time of TGE it is 11.52% of the total supply. So in addition to #launchpool , the airdrop has been unlocked quite a lot. This can create pressure to sell when listed on the exchange.
đ§źHow much will $ETHFI cost when it goes public?
$ETHFI is trading on Premarket at around 5.5-6u (market cap around $700 million). Binance's launch pools when listed are mostly at Premarket price or higher. So in my opinion, 5.5-6u is cheap for this Liquid Restaking monster.
Investment advice: You can buy when you can keep the $5 area. The selling target I calculate later is over $1 billion in capitalization.
Let's predict what the highest price will be when it is listed on #Binance !
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