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The Renzo price surged 24% in the last 24 hours to trade at $0.02848 as of 2.30 a.m. EST on trading volume that skyrocketed 77% to $296.22 million.
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, acting as the interface to the EigenLayer ecosystem. However, its recent price surge did not come from its role in the ecosystem, but rather from the fact that it was just listed on Coinbase. The exchange made it available for spot trading with the goal of making world-class liquid staking more accessible.
REZ is now listed and available for spot trading on @coinbase
World-class liquid restaking just became much more accessible!
Get your $REZ on Coinbase today
📲https://t.co/2D52SDrQVa https://t.co/BIVFWOV4el pic.twitter.com/vRArMCYHkK— Renzo (@RenzoProtocol) March 6, 2025
In response, the project’s price shot up from $0.020 to $0.032 before correcting to its current price of $0.02848.
Renzo Price Prediction
Despite seeing a minor correction, the REZ price is still considerably higher than where it was on March 6. It saw two major price boosts in the last two days, and on a weekly basis, it is up by over 52%.
Even with this slight correction in the last few hours, the project is still quite active, with its Bollinger Bands remaining wide to signify trader activity. Typically, wide bands are a bullish sign, which was true for the most part in last 15 hours. Right now, however, the price is pushing the lower band down, although it could still bounce back up.
15-minute chart for REZ/USDT (Source: TradingView)
The recovery could happen soon, given that the project’s Relative Strength Index (RSI) is currently spiraling down from the value of 88 reached yesterday toward the value of 30. Currently at 40, if it drops even further down, it could see the traders move in to buy the dip, which could lead to a significant increase.
However, it is possible for the RSI to surge without dropping all the way down to the oversold zone, if a strong bullish wave pushes REZ and other crypto prices up in the next few hours. Right now, however, most of the crypto industry is trading in the red.
Promising Alternative To Renzo
Those looking for an alternative to Renzo could look into the presale for Best Wallet (BEST).
This is a new cryptocurrency currently in presale. Once live, it will grant Best Wallet users even more perks and benefits in addition to what the wallet offers already.
Best Wallet launched several months ago only to immediately explode with popularity. It is a mobile-first wallet that supports over 60 chains and thousands of cryptos that run on them. It also lets you connect other wallets to it and manage your cryptos from one place. It is non-custodial, and it lets you buy, store, deposit, send, swap, sell, stake, spend, and secure your cryptos.
🚀 Best Wallet is Upgrading to Multi-Chain Wallets! 🚀
We’re excited to announce a major upgrade to our wallet, bringing enhanced security, exciting new features, and future support for over 50 major blockchains!
Bitcoin is now live in Best Wallet! Manage $BTC alongside… pic.twitter.com/79UxFVZIv3
— Best Wallet (@BestWalletHQ) February 25, 2025
On top of that, it even has a private launchpad where some of the biggest ICOs in years have held their presales, raising dozens of millions of dollars. Despite all that, it is extremely user-friendly, making it a great choice for both crypto experts with years of experience and first-time users alike.
With BEST, holders will also get additional perks like lower transaction fees, higher staking rewards, early access to new projects, and the ability to join the governance process to vote on various decisions affecting the wallet’s development.
The BEST presale has raised over $10.8 million already, and will likely hit the $11 million mark soon. In the meantime, its price is only $0.02425, but in just over 32 hours, its ICO will enter the next stage, bringing a small price increase with it. Still, it will be worth buying even then, as experts have high hopes for this wallet and its token.
Among them is ClayBro, a crypto YouTuber with over 136k subscribers, who believes that Trump’s recent actions could bring millions of new crypto buyers to the wallet, allowing its token’s price to soar.
Visit the Best Wallet website.
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