Rocket Pool is a next generation decentralised staking pool protocol for Ethereum.
Rocket Pool ETH (rETH) is the Rocket Pool protocol's liquid staking token. The rETH token represents an amount of ETH that is being staked and earning rewards within Ethereum Proof-of-Stake. As Rocket Pool node operators, stake Ethereum on Proof-of-Stake the resulting rewards increase the value of rETH relative to ETH. Rocket Pool's liquid staking token allows holders to benefit from the returns of the Ethereum Proof-of-Stake.
More information on Rocket Pool and rETH can be found at https://rocketpool.net.
Rocket Pool ETH Price Analysis
As of November 24 2024 Rocket Pool ETH has a marketcap of $1.8B.
This is {{percentagefromath}} from its all time high of $4.81431K.
In terms of its tokenomics, there's a total supply of 465K with 100% currently outstanding.
Keep in mind Rocket Pool ETH has a fully diluted value of $1.8B 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
