Crypto Surge Alert: ETHFI, INIT, REZ, METIS, SCR Rally in Last 6 Hours

ETHFI +38.12%

ETHFI is the native governance token of Ether.fi, a platform gaining traction in the crypto ecosystem. Recently, ETHFI has seen a sharp price increase of over 27% within 24 hours, attracting significant market attention.

#ETHFI is central to the Ether.fi ecosystem, which focuses on decentralized finance solutions and governance participation. The token’s recent surge is likely driven by growing platform adoption and increased demand for governance rights.

Given the current momentum and rising interest in Ether.fi’s ecosystem, ETHFI could continue its upward trajectory in the near term. However, volatility remains a factor, and prices may consolidate around $0.51 to $0.53 before any further breakout.

INIT +26.3%

INIT is the native token of Initia, a blockchain project designed to facilitate gas fees across both Layer 1 and Layer 2 networks. The token has surged approximately 36% in the past 24 hours amid heightened trading activity.

#INIT’s recent rally coincides with a major 50 million token airdrop ahead of its mainnet launch, which has boosted community engagement and transaction volume by 54%. This strategic distribution aims to incentivize adoption and liquidity.

With strong fundamentals and upcoming network activation, INIT appears poised for continued growth. Short-term price gains may be sustained as the mainnet launch approaches, but investors should watch for potential profit-taking after initial hype.

REZ +23.77%

REZ is the governance token of Renzo protocol, backed by the Liquid Restaking Token ezETH. It recently experienced a dramatic 94% surge in trading volume, reflecting renewed market interest.

#REZ’s governance model empowers community decision-making within the Renzo ecosystem. The spike in volume suggests increasing participation and optimism about the protocol’s future developments and staking incentives.

If this heightened activity translates into sustained user engagement, REZ’s price could maintain upward momentum. However, given its current low price around $0.0265, volatility remains high and caution is advised.

METIS +19.53%

METIS is the native token of MetisDAO, a Layer 2 scaling solution for Ethereum. It has recently surged by 50% within 24 hours following an announcement of an ecosystem fund allocation.

#METIS focuses on improving scalability and usability for decentralized applications through optimistic rollups. The fund allocation signals strong developer support and potential growth in network activity.

This positive catalyst could sustain METIS’s rally in the short term, with prices potentially climbing beyond current levels near $20. However, past volatility suggests that corrections could occur as traders take profits.

SCR +14.66%

SCR is the native token of Scroll, an Ethereum Layer-2 network that recently launched its token via an airdrop. Despite initial enthusiasm, SCR dropped 19% after market debut due to selling pressure and dissatisfaction over token amounts.

#SCR aims to enhance Ethereum scalability through zero-knowledge rollups but faces immediate challenges from market sentiment post-airdrop. The sharp decline reflects typical post-launch volatility common with new tokens.

While SCR’s fundamentals remain promising for long-term growth, short-term price action may remain weak until market confidence stabilizes. Recovery beyond initial listing prices will depend on continued development progress and user adoption.