Behold, the REZ crypto, in its glorious ascent, surged by a staggering38% today, as if fueled by the anticipation of its grand debut on South Korea’s Bithumb exchange. 🎢
According to the sacred scriptures of crypto.news, Renzo (REZ) touched the heavens at $0.022 on April1, swelling its market cap to an almost celestial $43 million. Amidst this rally, a curious dip of17% in its daily trading volume to around $114 million was observed, hinting at the cooling fervor of traders after the initial frenzy. 📉❄️
This dramatic pump unfurled its wings shortly after Bithumb’s solemn announcement of REZ’s listing on its Korean Won market. The gates to trading are set to swing open at4:00 PM KST on Tuesday, April1,2025. 🚪
Deposits and withdrawals, bound by the chains of the Ethereum network, shall open approximately two hours post the declaration. REZ shall make its entrance at a humble price of24.73 KRW (roughly $0.016), demanding33 confirmations before deposits are sanctified. 🕒
Bithumb, in its wisdom, will impose temporary measures. For the initial five minutes post-launch, no buy orders shall be entertained. Sell orders must dance within a -10% to +100% range from the base price. The automatons of trading shall awaken only after the first trade is consummated. 🚫💰
In the grand tradition of listings, one must observe the dance of prices with hawk-like vigilance. Coins often pirouette to dizzying heights before a listing, only to plummet back to earth post-launch. A spectacle, indeed. 🕺💥
As the scribes at crypto.news once chronicled, Elixir (ELX) soared nearly68% to an all-time zenith of $0.726 before its Bithumb listing on March11, only to shed most of its glory the very next day. A cautionary tale, perhaps. 📜📉
Yet, some seers predict further glory for REZ. Michaël van de Poppe, in a March31 X post, heralded REZ’s mighty bounce and its robust momentum. Should the current trend persist and conquer the $0.027 resistance, he prophesizes a rally to $0.07 in the weeks to come. 📈✨
Crypto_Jobs, another soothsayer, spots a crucible of support around $0.0165. As long as REZ clings to this, the omens remain favorable. 🛡️🔮
REZ, the native token of the Renzo Protocol, stands as a beacon for liquid restaking on Ethereum, serving as a bridge to EigenLayer, offering users the gift of flexibility and composability in their restaking endeavors. Last August, it expanded its liquid restaking solution to the Jito ecosystem on Solana, like a digital explorer charting new territories. 🌉🚀
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2025-04-01 09:48