đ„ NEW BINANCE LAUNCHPOOL: Renzo (REZ). Price Predictions?
What is Renzo:
Renzo (REZ) is a liquid restaking protocol operating within the EigenLayer ecosystem. This simplifies the staking process, making it more accessible for users to participate in decentralized finance (DeFi). By staking their Ethereum (ETH), users can receive highly collateralized ezETH, allowing them to engage in DeFi activities. Renzo aims to drive the adoption of liquid restaking on the EigenLayer blockchain, improve security, and enable cross-chain bridging.
đ„ Price prediction?
Based on the whales market, 1 $REZ token will be in the price range of $0.3X - $0.4x. This reflects $3 billion - $4 billion FDV.
This is also quite reasonable compared to the valuation of its competitors such as $ETHFI in the range of $3.4 billion FDV.
