What will be the starting price of REZ coin?

Considering the upcoming listing of $REZ, it's crucial to evaluate its potential amidst current market conditions. Renzo, a cross-chain liquid repurchase protocol, operates on the EigenLayer blockchain, offering staking opportunities for ETH and other liquid staking tokens. However, recent market trends, including macroeconomic factors and the lukewarm response to previous launchpools like #OMNI, suggest caution.

Given the subdued FOMO surrounding $REZ, it's advisable to refrain from immediate investment upon listing. With an anticipated market cap between $250M to $350M and an initial circulating supply of 1,150,000,000 tokens, the projected price range for $REZ is approximately $0.22 to $0.30. This estimation accounts for potential selling pressure from launchpool farmers and airdrops, indicating a possible adjustment downwards post-listing.

Waiting for Bitcoin's next price movement could provide clarity on the optimal entry point for $REZ. Additionally, the emerging trend of restaking, backed by significant investments from entities like Binance Labs, underscores $REZ's future potential. Comparatively, $REZ's market cap aligns with other notable projects in the same category during this bullish phase, such as Altlayer ($735M MC), ETHFI ($900M), and Pendle ($1.76B).