REZ Coin, the token associated with the Renzo Protocol, experienced an incredible surge of 70% in a two-day span. Enthusiasm for the altcoin seems to be driven by
Coinbase's announcement of support for the Ethereum-based liquid restaking coin, with the price jumping an additional 35% in the next 24 hours. The coin, which recently debuted with a substantial market cap of $289M, was launched on Binance on July 16 alongside FLOKI, NTRN, SAGA, and STRD. Despite the coin's recent rise, renowned
Cryptocurrency Analyst Michaël van de Poppe experienced a 65% loss on his altcoin portfolio, emphasizing the volatile nature of the digital asset market. Meanwhile, Renzo protocol has capitalized on the current restaking frenzy, raising $17M from Galaxy and Brevan Howard, pushing its total value locked (TVL) to $3.3B. Coinbase likewise took several other altcoins under its wing for German traders, whereas different digital currencies faced delisting on Binance. Amid this frenzied market volatility, Renzo (REZ) continued its ascend, rallying a further 60% after being listed on Coinbase, and soared an additional 35% ahead of the Bithumb listing.
As the market dynamics fluctuate, moves between large-cap and small-cap coins have been advised for optimal gains. With several token unlocks scheduled for altcoins SUI, ENA, and OP amounting to $150 million, risk and rewards will be impacting the TVL metrics. Nedless to say,
REZ's strong market performance, amid this altcoin volatility, highlights its potential as a rapidly rising cryptocurrency.
REZ Coin News Analytics from Fri, 29 Jan 2021 14:02:28 GMT to Thu, 17 Jul 2025 12:25:22 GMT -
Rating 9
- Innovation 7
- Information 8
- Rumor -3
