Renzo (REZ) Price prediction 2024-2030

Price of REZ today

Current Renzo price is $ 0.172186 (REZ / USD). Current market cap of $ 198.01M USD. 24-hour trading volume is $ 300.27M USD. Renzo is -33.67% in the last 24 hours with a circulating supply of 1.15B.

Renzo (REZ) Price prediction 2024-2029

We estimate that the Renzo price could reach 0.19742 USD by the end of 2024 based on historical pricing data. Additionally, it can be exactly 0.24678 USD today, one year from now. Over the course of the next three years, the price of Renzo might reach as high as 1.45168 USD and as low as 0.094097 USD. Our estimates indicate that the price of Renzo should be approximately 0.44717 USD by the end of 2025, but it might very well reach 0.23199 USD by the end of 2026. Remarkably, we discover a wonderful value of 1.05042 USD per Renzo when we calculate the near future price projection at the end of 2029. Check the Renzo future pricing as well.

About Renzo (REZ)

Renzo is a strategy manager and liquid restaking token (LRT) designed to act as a bridge to the EigenLayer ecosystem. Renzo's platform is designed to provide better returns than standard ETH staking. Securing Actively Validated Services (AVS) and streamlining the staking procedure for end users make this feasible. On the other hand, Renzo is also encouraging broader use of the EigenLayer architecture.

Renzo works with the EigenLayer directly as a liquid derivative platform. This partnership provides a more efficient way for users to participate in restaking activities. Furthermore, it functions as a point of entry for staking liquidity service, enabling users to convert their staked assets into liquid forms.

The platform issues an equivalent quantity of ezETH, Renzo's liquid staking token, upon depositing ETH or other supported Liquid Staking Tokens (LSTs). The user's staked position, which accrues rewards over time, is represented by the ezETH token. The Whitepaper states that Renzo intends to increase the range of LSTs it supports.

According to reports, Renzo employs a sophisticated smart contract architecture that is adaptable to the changing needs of the blockchain and staking communities. The configuration extends Renzo's reach across Layer 2 networks and ensures that it is updated with new features in the EigenLayer protocol. Renzo has also partnered with Chainlink and Connext to expand its capabilities to operate on other blockchain networks. Users are able to access several Layer 2 networks with the help of these partnerships. According to the initiative, it is essential for the platforms' easy use and further expansion.

Within the Renzo protocol, the REZ token functions as a governance token in addition to a utility token.

The Information is not an investment advice and does not constitute any offer or solicitation to buy or redeem. Investment involves risk.