The cryptocurrency REZ experienced a surge in its price, increasing as much as 60% after it was listed on Coinbase. REZ reached an intraday high of $0.032, a significant increase from its lowest point this year. The altcoin's market cap was valued at $63 million, and its daily trading volume more than doubled. The gains were accompanied by a rise in demand from derivatives traders, leading to a jump in open interest in its futures market. The recent listing on Coinbase contributed to the rally, with the token experiencing significant gains since the announcement. Increased whale activity and a rise in daily active addresses have also supported the rally. Analysts believe REZ could maintain its bullish trajectory as long as it stays above the key support range. Technical indicators suggest a bullish outlook for the altcoin. However, there is concern over a potential sell-off by VC Funds and the Renzo team, who hold a significant portion of the altcoin's total supply. It is worth noting that altcoins often experience a drop in price following listings on major exchanges. REZ is available on several prominent crypto exchanges.



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