Renzo (REZ) becomes the 12th coin mining project welcomed by BNB in 2024, averaging two and a half new projects per month. Renzo functions as a platform that collects ETH and other tokens from users, depositing them into EigenLayer. By depositing through Renzo, users gain better liquidity and earn Renzo points in addition to EigenLayer points, compared to direct deposits into EigenLayer.
In terms of price prediction, Renzo's circulating market value of $360 million, with a projected price of $0.35 based on valuation methods similar to those used for ether.fi (ETHFI), seems reasonable. As for future projects, considering Binance's track record, speculation arises about potential listings for Puffer/Kelp DAO/Swell, among others. What are your thoughts on Renzo's valuation and the next potential Binance listing in the re-staking track?
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$REZ
