Renzo Protocol - $Rez will end the week forming a reversal “W candle cluster”:

1. On February 22, 2024, Renzo Protocol received investment from Binance Labs.

2. Immediately after that, on April 23, Renzo was the 53rd Launchpool project on Binance, a clear favor from Binance

3. Renzo has had 2 $Rez token Airdrops, plus the token allocation on Launchpool can be said to be very little, not worthy of the $BNB holding volume

- Therefore, this could be a project that is being priced very cheaply.

4. The volume of goods collected in the past time is not much, but there is no Launchpool project and the Backer is Binance Lab, Marketcap is only 50M$ - Extremely low - Surely Binance goods have not had a pumping rhythm, it is difficult to be cheap like dirt, maybe in the future it will be cheap, but in the medium term, in my opinion, cap 100M$ is still very cheap

5. There is no inflationary $REZ token until May 1, 2025. Cap 50M$ X10 to cap 500M$ with a non-inflationary project, low cap, strong backer like this, in my opinion, is completely feasible

6. On June 18, 2024, Renzo raised an additional 17 million USD in a fundraising round. led by Galaxy Ventures

7. With the continuous development of cooperation with Defi projects, attracting more TVL to participate in Restaking on its platform, in my opinion, the Restaking wave is definitely still a good story, attracting the community and will definitely have to be pushed before September, waiting for the launch of Eigenlayer - the project has raised up to 164M$.

If the Restaking story is not good enough and this Defi cake is not attractive enough, then investing 164M$ in a Restaking product is sure to make a lot of money. The investment fund alliance 164M$ pushes a completely new niche Defi, surely expecting them to earn 20-50 times the capital invested.=> $Rez is Binance's adopted child, Cap is cheap as a gift => No inflation => Must be Pump