Q4/2024 will explode with the appearance of a series of large projects?
Many projects such as Initia, Milkyway or Hyperlane have postponed the TGE to Q4 => Timing cash flow and liquidity sources in Q4/2024
With EigenLayer having TGE, projects belonging to Narrative LRT and Restaking have started to run prices in advance such as $ENA, $PENDLE, $ETHFI
=> Expect Restaking to open the Uptrend 2024
Current Cap on EIGEN's parameters is $787M and has not shown a large selling force since TGE
For a top 1 Restaking project, the opportunity for the project is very high
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Source: HC Capital