The crypto market was again shaken by a Coinbase surprise, and the popular crypto exchange announced that it would list Renzo (Rez) Coin, officially flying prices. Rez Coin gained 50 %value within an hour and almost feast of its investors.
Coinbase Effect brought Rez Coin to the summit
Before Coinbase’s official announcement, the Rez Coin price was around $ 0.016. However, the price of the stock market on social media increased rapidly and increased by 50.87 %.
According to CoinMarketcap data, Rez Coin is currently traded for $ 0,0264. In addition, in the last 24 hours, the volume of transaction has experienced an incredible rise of 300 %. With this increase, the total market value of Rez Coin reached $ 51 million.
Why does Renzo Coin attract so much attention?
Renzo actually offers much more than a simple Stinging protocol. Ethereum and Solana networks are home to a total of $ 860 million -worth crypto presence.
The most remarkable feature of the platform is the auto-comoding system. Users can increase their earnings by staging different assets on a single platform. The platform also provides automatic strategies that reduce investment risks.
Why is Coinbase so important for Rez Coin?
Coinbase is among the top three crypto exchanges in terms of transaction volume worldwide. The platform only has more than 105 million users in the USA. For this reason, Coinbase listing can create serious increases in coin prices.
However, the Renzo team warned investors on an important issue. Coinbase is currently supporting the resource deposit through the Ethereum main network. The team emphasized that investors should not send a resour over other networks.
Where else is Rez Coin trades?
It’s not the first big stock market to list Coinbase Rez Coin. Binance, Gate.io, Kraken and Kucoin is already traded on stock exchanges. These platforms significantly contribute to Rez’s transaction volume. It is wondered if the coinbase listing will bring a permanent rise to Rez. But for now, Rez Coin seems to be the new star of the markets.
