rsETH is a Liquid Restaked Token (LRT) issued by Kelp DAO designed to offer liquidity to illiquid assets deposited into restaking platforms, such as EigenLayer. It aims to address the risks and challenges posed by the current offering of restaking
Kelp DAO Restaked ETH Price Analysis
As of September 7 2024 Kelp DAO Restaked ETH has a marketcap of $568M.
This is {{percentagefromath}} from its all time high of $4.03348K.
In terms of its tokenomics, there's a total supply of 250K with 100% currently outstanding.
Keep in mind Kelp DAO Restaked ETH has a fully diluted value of $568M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
