Binance REZ Coin? Pump or Dump? | Bitcointalksearch.org

nelson4lov

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Quote from: leonair on May 24, 2024, 02:14:35 PM

REZ marketcap is only $149M now but the problem is its total supply is huge. They keep only 11.5% of their total supply circulating. So if they increase the supply it can have a big impact on the price of their token. So I am afraid to invest in it. I am always more interested in investing in old top coins. not too excited about the new hype generated tokens for this. you can invest there by your own risk and do your own research

Renzo is one of those projects that are currently being talked about on CT in recent times. I mean those "High FDV, low float" tokens that have been the trend since Binance started listing every and all projects they invested in their launchpool and all of those projects have followed the same pattern. Dumps following the listing like OMNI, etc. But here's one of the downsides of Renzo — they locked deposits in their protocol and when they opened withdrawals, their renzo pegged ETH token depegged to as low as 0.5 RENZO ETH : 1 ETH and since then, it hasn't returned to peg. Security too, not so much. Their team usually fails to communicate with their community. Won't be touching REZ in a long time especially as there are more superior LRT projects ETHFI, KEP (upcoming TGE), etc.

leonair

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Quote from: Gcrypto786 on April 30, 2024, 01:13:34 AM

Recently we have seen, Binance are listing a lot of coins with good usecase but few of them were rejected by the crypto users and got a lot of hate because they considered them as TRAP. Like TNSR, OMNI, TAO falls very badly and investors are either stuck or lost their investment.
What are your thoughts on REZ? like it will also be considered as a trap or investors will gain some profit?

REZ marketcap is only $149M now but the problem is its total supply is huge. They keep only 11.5% of their total supply circulating. So if they increase the supply it can have a big impact on the price of their token. So I am afraid to invest in it. I am always more interested in investing in old top coins. not too excited about the new hype generated tokens for this. you can invest there by your own risk and do your own research

mk4

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Quote from: Rasa nanas on May 24, 2024, 12:16:01 PM

buying early in the listing is high risk because the price will likely fall. This price increase was caused by hype and many investors wanted to take advantage of the hype momentum because altcoins listed on large exchanges usually have very high hype.

Not even, as most don't even have an initial pump. They just start at a high price on centralized exchanges because they're priced very high in FDV by market makers.

Quote from: Rasa nanas on May 24, 2024, 12:16:01 PM

However when talking about initial listings, recently Binance is no longer the highest price maker because when there are altcoin listings on many large exchanges, the price on Binance is often below other exchanges such as Bitget, Bybit or OKX.

Not really — Binance still has the most liquidity 90% of the time hence the most 'accurate' price.

Rasa nanas

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buying early in the listing is high risk because the price will likely fall. This price increase was caused by hype and many investors wanted to take advantage of the hype momentum because altcoins listed on large exchanges usually have very high hype. However when talking about initial listings, recently Binance is no longer the highest price maker because when there are altcoin listings on many large exchanges, the price on Binance is often below other exchanges such as Bitget, Bybit or OKX.

tengui

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what trap? I think the price going up drastically when the listing starts is something that often happens. after that the price will drop drastically then the price will stabilize. If you want a long-term investment, it is not recommended to buy early because prices will definitely rise and fall very quickly. Basically, you just need to do research to determine the best time to buy.

laijsica

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There is no denying that REZ has an acceptance in the crypto market and the recent link of REZ with Bainance makes me positive for its future even as it has taken surprising events to attract investment. It debuted at a $289M market cap even as it allocated 32% of Renzo's total tokens to its community. The listing here should be taken positively by us but we, the common investors, have to give some faith time. So that they are trustworthy but these currencies are mostly victims of hype and are manipulated by exchangers.

AVE5

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I recent time I haven't had Binance newly listed coins on track because I'm not willing to Invest on any new project yet.
You said the coins listed are good projects so why then would users reject them if they're good coins as you may say?
Forget it Op, most times these exchanges manipulates to hype those coins and wouldn't really be what was said it's that it really was. There are technical crypto users who're logically good to analyse the potentialities of coins by which they're not influenced by the media rumours and hyping of the coins.

Bureau

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Lately Binance has been listing a lot of new tokens after the new CEO was announced. Before it only listed tokens or coins that genuinely were good crypto projects. If you check the new listing screen on Binance app you will see all those crypto pumped heavily when they got listed but later on in a few days time started getting dumped. At the moment the market is in bearish mode therefore these crypto are still getting dumped.

EarnOnVictor

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Quote from: Gcrypto786 on April 30, 2024, 01:13:34 AM

Recently we have seen, Binance are listing a lot of coins with good usecase but few of them were rejected by the crypto users and got a lot of hate because they considered them as TRAP. Like TNSR, OMNI, TAO falls very badly and investors are either stuck or lost their investment.
What are your thoughts on REZ? like it will also be considered as a trap or investors will gain some profit?

Actually, the "Binance" you linked with the REZ was the reason I opened your post via the email link and I was disappointed that it is not a Binance coin but just a normal coin listed by the exchange. Well, I did my research and I do not think it is better in this project than most of the other coins and tokens that have been listed in the past. This is a Defi project, though it has a very promising future, but for now, I advise extreme caution in buying it. This is most importantly due to the way and manner the newly listed coins and tokens on Binance performed of late and this is for obvious reasons in case you do not know.

Even OMNI, if listed at the right time may not have performed woefully as it's doing now. At the moment, the overall crypto market is bearish and so will be almost all newly listed coins regardless of the importance of the project, the exchange that listed it and how it may later perform in the future.

makishart

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Quote from: Gcrypto786 on April 30, 2024, 01:13:34 AM

Recently we have seen, Binance are listing a lot of coins with good usecase but few of them were rejected by the crypto users and got a lot of hate because they considered them as TRAP. Like TNSR, OMNI, TAO falls very badly and investors are either stuck or lost their investment.

I got omni for free and i have dumped it to the market. Literally, free money for me by doing simple task. It's not even worth to hold the tokens that have so many locked tokens. The angel and its VC have not yet dumped their tokens. The price of those tokens will be dumped so heavily when their tokens will be unlocked.

Quote from: Gcrypto786 on April 30, 2024, 01:13:34 AM

What are your thoughts on REZ? like it will also be considered as a trap or investors will gain some profit?

This is a garbage staking token. This token has reuined by justin sun after he farmed millions of rez tokens then dumped it to the market. Renzo token has no future since it was only a governance token. It's another trap.

I remind you always be careful when investing in a token that has so many backers invested in the project.

These investors are gonna use retail investors as their exit liquidity.

batang_bitcoin

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Quote from: Gcrypto786 on April 30, 2024, 01:13:34 AM

Recently we have seen, Binance are listing a lot of coins with good usecase but few of them were rejected by the crypto users and got a lot of hate because they considered them as TRAP. Like TNSR, OMNI, TAO falls very badly and investors are either stuck or lost their investment.
What are your thoughts on REZ? like it will also be considered as a trap or investors will gain some profit?

Didn't catch this one on Binance but my strategy with these is that I mostly dump them whenever they're tradable in the market. But just like any project, if your purpose is to make money then make that plan into fruition and start selling when you receive those. If you think that there's a great future with that project then hold it. What I can say to you and to the others, the goal is to make money out of altcoins unlike BTC, they're completely different worlds.

Gcrypto786

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Recently we have seen, Binance are listing a lot of coins with good usecase but few of them were rejected by the crypto users and got a lot of hate because they considered them as TRAP. Like TNSR, OMNI, TAO falls very badly and investors are either stuck or lost their investment.
What are your thoughts on REZ? like it will also be considered as a trap or investors will gain some profit?

Topic: Binance REZ Coin? Pump or Dump? (Read 120 times)