Quick review of $ETHERFI and price prediction when listed on Binance
Are you guys prepared? Binance will list $ETHFI at 7:00 p.m. on March 18 (Vietnam time). This huge product is receiving a lot of attention from the crypto community, let's take a look at its strengths, weaknesses and price prediction ๐๐
๐ขStrengths:
โขLead Liquid Restaking trend, TVL is sky-high at 2.8 billion USD (LST's TVL is nearly 10 billion, accounting for 1/3) โ> TVL is important to evaluate whether the project is really good or not and $ETHERFI it prove it.
โขJustin Sun staked more than 120K ETH at ether.fi โ> Any project with Sun participating must be said to be prestigious and too strong.
โขThe platform is audited by Certik, omnisca.. โ> Safety and security are core factors for staking projects, you can rest assured.
โขCore team is strong and experienced, recently raised $27 million last month by major VCs of the market.
๐ดWeaknesses:
โขThere are no significant weaknesses of the project at present.
โขConsidering token vesting, at the time TGE was 11.52% of total supply. So in addition to the launchpool, a lot of airdrops can be unlocked. This can create pressure to discharge when reaching the floor.
๐งฎ$How much will ETHFI cost when listed?
$ETHFI is trading on Premarket at around 5.5-6u (market cap around $700 million). Binance's launchpools when listed are almost all at the Premarket price threshold or higher. So the price of 5.5-6u in my opinion is cheap for this huge product Liquid Restaking.
Investment advice can be bought when holding the $5 area, the selling target is estimated to be over $1 billion in market capitalization.
Are you guys prepared? Binance will list $ETHFI at 7:00 p.m. on March 18 (Vietnam time). This huge product is receiving a lot of attention from the crypto community, let's take a look at its strengths, weaknesses and price prediction ๐๐
๐ขStrengths:
โขLead Liquid Restaking trend, TVL is sky-high at 2.8 billion USD (LST's TVL is nearly 10 billion, accounting for 1/3) โ> TVL is important to evaluate whether the project is really good or not and $ETHERFI it prove it.
โขJustin Sun staked more than 120K ETH at ether.fi โ> Any project with Sun participating must be said to be prestigious and too strong.
โขThe platform is audited by Certik, omnisca.. โ> Safety and security are core factors for staking projects, you can rest assured.
โขCore team is strong and experienced, recently raised $27 million last month by major VCs of the market.
๐ดWeaknesses:
โขThere are no significant weaknesses of the project at present.
โขConsidering token vesting, at the time TGE was 11.52% of total supply. So in addition to the launchpool, a lot of airdrops can be unlocked. This can create pressure to discharge when reaching the floor.
๐งฎ$How much will ETHFI cost when listed?
$ETHFI is trading on Premarket at around 5.5-6u (market cap around $700 million). Binance's launchpools when listed are almost all at the Premarket price threshold or higher. So the price of 5.5-6u in my opinion is cheap for this huge product Liquid Restaking.
Investment advice can be bought when holding the $5 area, the selling target is estimated to be over $1 billion in market capitalization.