Finally @RenzoProtocol is also launched on @binance
Some time ago I deposited 0.2 ETH on several protocols for a potential airdrop, including Renzo and I am glad to see that they will also offer an incentive for those who did this.
What is @RenzoProtocol?
@RenzoProtocol is a liquid restaking protocol for $ETH
It is currently ranked 11th just above Binance Stake ETH and immediately below Ether.fi
On January 1, 2024, the protocol had a TVL of just under 10 million.
Now it is at almost 3.5 BILLION
So that you have some degree of comparison.
ENA with their protocol is in 13th place, 2 places below @RenzoProtocol in terms of TVL.
It's the kind of project that will hold on to the airdrop and I have no intention of selling it, and if it drops further, I intend to buy more.
Renzo had 2 financing rounds, one on January 15 at a valuation of 25 million and one in February from @BinanceLabs but it is not known at which valuation
This is also the reason why it is probably listed there
At the listing, @RenzoProtocol will have 10.5% of the supply in circulation
That is, a number of 1.05 billion tokens.
Taking into account the history of the projects that were listed on @binance, I expect it to reach a price of approx. 50 cents upon listing
$OP juicy. $INJ 10x from here $ARB is already alms $ENA holds the racket $ORN holds itself flawlessly $ALT holds up just as well
A small clarification tho at $INJ that there are thousands of people blocked from staking who are probably now piling up to unstake but it still takes 21 days
The human brain has a constant tendency to look for only negative things.
This is the reason why many people do not become entrepreneurs because they find problems in any potential business.
This is the reason why many people fail to achieve financial prosperity because they are afraid to take risky decisions.
NATURALLY the brain wants stability, not adversity.
That's why many indulge in stable, warm and comfortable jobs.
I believe that in crypto the exact same procedure applies.
When your brain tells you that it's risky and that it's thick and that it won't recover and that it's going even lower, etc., you have to act exactly the opposite.
I'm not a great financial analyst and I'm not going to give one, I'm not going to start discussing the macro economy now because I have no idea. I'm talking about crypto overall because that's where I'm good at.
Yes, no matter what is communicated to us in the media, it is communicated with a purpose. Fear. I think we are at the bottom (when I say bottom, I don't mean exactly today's price, I mean the area)
Bitcoin made x2 in a few months and people are still waiting to buy lower.
Awakening! Take a little risk, as much as you can afford.