Analyst: ETHFI's Strong Price Performance Could Boost Airdrop Valuations of Other LRT Tokens
ETHFI, the token that governs the liquidity repledging protocol Ether.fi, jumped to a new all-time high on Wednesday, surging 50 percent to $7.20 in the last 24 hours. Leading DeFi analyst Ignas noted that ETHFI's strong price performance could boost future airdrop valuations of other liquidity repledging tokens (LRTs). He stated, "The higher the ETHFI price, the higher the relative valuations of all other LRT-governed tokens will be, and the higher the ETHFI, the more Swell, Renzo, Puffer, Kelp, and EigenLayer airdrop returns will become."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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