REZ Crypto Surges 35% Ahead of Bithumb Listing
By Rony Roy
April 1, 2025, 6:44 AM UTC
Edited by Dorian Batycka
In an exciting development for the cryptocurrency market, REZ, the native token of the Renzo Protocol, saw a staggering increase of approximately 38% in value on April 1, 2025. This surge comes just days prior to its highly anticipated listing on the South Korean cryptocurrency exchange, Bithumb.
Significant Price Movement
Data from crypto.news indicates that REZ reached an intraday high of $0.022 today, raising its market capitalization to nearly $43 million. Despite the impressive price jump, the daily trading volume for REZ experienced a slight decline of 17%, falling to around $114 million. This reduction in trading activity suggests that some investor excitement may be cooling following the initial hype surrounding the coin’s upcoming exchange listing.
Upcoming Bithumb Listing Details
Bithumb has officially announced that REZ will be listed on its Korean Won (KRW) market, with trading set to commence at 4:00 PM KST on Tuesday, April 1. For those interested in trading REZ, deposits and withdrawals will be facilitated only through the Ethereum network, which is expected to open approximately two hours following today’s announcement. The token will initially be priced at 24.73 KRW (roughly $0.016), while users will need to complete 33 confirmations before deposits are processed.
To ensure a smooth trading experience, Bithumb will implement several temporary controls once trading begins. During the first five minutes post-launch, no buy orders will be allowed, while sell orders must maintain a price range between -10% and +100% relative to the initial price. Automated trading features will only activate after the first trade has been completed.
Market Sentiment and Analyst Predictions
As with many cryptocurrency listings, there is a mix of anticipation and caution among investors. It is not uncommon for tokens to experience a price surge leading up to a listing, only to see those gains dissipate shortly thereafter. A previous example includes Elixir (ELX), which skyrocketed by nearly 68% ahead of its Bithumb debut on March 11, only to lose most of its value in the following days.
However, some analysts are optimistic about REZ’s prospects. Notably, crypto analyst Michaël van de Poppe recently expressed on X that the token has shown robust momentum and may have potential for further growth. He noted that if REZ can maintain its upward trajectory and overcome the $0.027 resistance level, it might soar to a target price of $0.07 in the weeks ahead.
Similarly, fellow analyst known as Crypto_Jobs pointed out a crucial support level around $0.0165. As long as REZ remains above this threshold, the outlook remains positive.
About Renzo Protocol
REZ is the cryptocurrency associated with the Renzo Protocol, which provides liquid restaking solutions on the Ethereum network. It serves as a gateway for users to engage in restaking with enhanced flexibility and composability. In August of the previous year, the protocol extended its liquid restaking services to the Jito ecosystem on Solana.
As the industry continues to evolve, it will be crucial for investors to monitor REZ closely as it approaches its official trading date on Bithumb. The coming days will reveal whether REZ can hold its gains or experience the typical volatility associated with new cryptocurrency listings.
Disclosure: This article is for informational purposes only and does not constitute investment advice. Readers are encouraged to conduct their own research before making investment decisions.
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