Renzo, also known as
REZ, has witnessed a significant upsurge in its crypto value, reporting a 60% rally following its listing on the prominent cryptocurrency exchange, Coinbase. This impressive performance stems from Coinbase's addition of REZ to its listing roadmap, prompting a 10% leap on initial announcement and a subsequent 50% price pump post official listing. REZ's performance is further bolstered by its unique ETH-based Liquid Restaking protocol boasting a robust TVL of $3.3B. This capability enabled REZ to capitalize on the restaking frenzy, raising a remarkable $17M from esteemed investment firms like Galaxy and Brevan Howard.
In a bid to boost altcoins, Changpeng Zhao, the founder of Binance, may trigger another impressive performance in REZ. There are speculations that Binance is considering adding Renzo's REZ to Earn, Buy Crypto, Convert, Margin, and Futures, thereby boosting the coin's coverage and appealing to a wider crypto audience.
Meanwhile, Renzo's EZETH experienced a price depeg to $688 following the closure of an airdrop farming window. This, coupled with an unexpected dip after Binance listing suggests varying market sentiments amidst the exciting developments. Regardless, experts maintain a bullish stance on small-cap cryptocurrencies, suggesting REZ might define the 2025 bull market. However, this will heavily depend on the coin's ability to maintain its innovative Liquid Restaking protocol and value proposition.
REZ Coin News Analytics from Sun, 04 Oct 2020 05:44:09 GMT to Tue, 01 Apr 2025 10:10:59 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 6
