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 👇👇
🟢Strengths:
•Leading the Liquid Restaking trend, TVL is sky-high at 2.8 billion USD (LST's TVL is nearly 10 billion, accounting for 1/3) —> TVL is important to evaluate whether the project is really good or not and #EtherFi it proves it.
•Justin Sun stakes more than 120K $ETH on ether.fi —> Any project that Sun participates in must be said to be prestigious and very strong.
•Platform audited by Certik, omnisca.. —> Safety and security are core factors for staking projects, you can rest assured.
•Strong and experienced core team, most recently raised $27 million last month by major VCs in the market.
🔴Weaknesses:
•No significant weaknesses of the project have been identified at present.
•Considering 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.
🧮How 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 !
Read more cryptocurrency market news at: https://tintucbitcoin.com
👍 Follow @TinTucBitcoin 🔥 Like 🔥 Comment 🔥 Share 🔥 Thank you so much 💯💯
Comment👇...
