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Much attention has been focused on Ethereum Name Service (ENS) in recent days. Ethereum Name Service increased by 41% over the past week, signalling a solid uptrend with further upside potential. In a broader sense, ENS headed up nearly 14% over the past 30 days, testifying to this token’s sheer resilience and growth potential. This […]
The ENS token (Ethereum Name Service) has recently taken center stage in the crypto community, sustaining a 36% rise in in the last week. This steady surge has sparked widespread interest, with some analysts predicting a prolonged bullish trend, while others advise caution. Related Reading: Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag ENS: Price Explosion & Renewed Investor Interest ENS, the native token of the Ethereum Name Service, which translates human-readable domain names into machine-readable wallet addresses, surged by over 2% in the past day. This propelled the token as one of the highest gainers today. ENS briefly surpassed the $33 mark. It is currently trading at $31.89, data from Coingecko shows. This excitement wasnt limited to spot markets; the derivatives sector also saw a ripple effect. Open interest, which reflects the total value of outstanding futures contracts, reached record highs exceeding $160 million, suggesting a dramatic increase in investor participation and speculation around ENS. Furthermore, the funding rate, which indicates the cost of holding futures contracts, shifted from negative to positive territory. This transition points to rising demand for long positions, where investors bet on the price increasing. A positive funding rate indicates a growing pool of optimistic traders expecting further price hikes for ENS. Technical Analysis: Bullish Signals Daily technical analysis of ENS reveals a recent price rally following a period of mixed trends. The most significant development occurred on June 30th, with a substantial price jump pushing the token to $33.21. This bullish momentum has continued, with the RSI (Relative Strength Index) hovering near 70, indicating a strong uptrend. While a high RSI can suggest potential overbought conditions, it also reflects significant buying pressure. However, some analysts caution against interpreting this short-term rally as a guaranteed path to sustained growth. The cryptocurrency market is notoriously volatile, and historical price movements dont necessarily predict future performance. Related Reading: Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024s Worst Performer Long-Term Prospects & Potential Risks Several factors could be contributing to the recent surge in price and activity. The upcoming ENSv2 upgrade, which aims to improve efficiency and scalability, might be fueling investor excitement. Additionally, the growing adoption of decentralized applications (dApps) within the Ethereum ecosystem could be driving demand for user-friendly domain names facilitated by ENS. Despite the current optimism, potential risks remain. The overall health of the cryptocurrency market can significantly impact individual tokens like ENS. A broader market correction could lead to a pullback in ENS price. Additionally, the success of ENS depends on the continued adoption and growth of the Ethereum network and the dApps built upon it. Featured image from SpaceRef, chart from TradingView
Ethereum Name Service (ENS) has emerged as a notable altcoin that has maintained its value despite recent bearish market trends. Over the past week, ENS has shown an impressive increase of nearly 4%. Extending this observation to a 30-day period, ENS has demonstrated even greater stability and robust performance with an 8% rise. According to […]
Some crypto community members argued against the petition, while others supported ENS move against Unstoppable Domains.
The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network.
The value of Ethereum Name Service ($ENS) has soared over 49% in the past week, fueled by increasing market optimism. Amid this surge, former ENS Operations Director Brantly Millegan (@BrantlyMillegan) has made a significant move, depositing 92,535 $ENS ($1.98M) to Coinbase at a price of $21.34 per token. Millegan’s strategic […]
The Ethereum Name Service price prediction could set a bullish run if the market can attempt to climb back above the resistance level of $30. [...]
Google has added Ethereum Name Service (ENS) data into search results, displaying address details through block explorer Etherscan.
The ENS DAO will use the funds from the sale to cover its expenses for the next 18-24 months.
Continue reading ENS DAO Passes Proposal to Sell 10,000 ETH in Single Transaction at DailyCoin.
The ENS community opposed the ENS DAO’s idea that it should be involved in registering and gifting domains.
ENS or Ethereum Name Service is an open, distributed, domain naming system, based on Ethereum blockchain. More than 2.7 Million ENS domains have been registered by more than 582,000 users till date, according to Dune Analytics report. ENS in showing an uptrend move because of this, ENS price prediction for 2022 looks lucrative. Can ENS touch 100USD […]
2022 was a record year for Ethereum Naming Service, with over 2.2 million new registrations.
Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants.
Ethereum Name Service (ENS), a distributed domain name service based on the Ethereum blockchain, announced that it saw over 2.2 million new registrations in 2022.
The post Ethereum Name Service saw 2.2M ENS names registered in 2022 appeared first on CryptoSlate.
Ethereum Name Service (ENS) Price Prediction – November 6 It seems less-active motions have been in the ENS/USD market as the crypto trading instrument aims [...]
Decentralized domains have been on fire during the last crypto bull market.
Continue reading Web 3.0 Domains: Can .eth Replace .com? at DailyCoin.com.
From a broad view of the Ethereum Name Service market, it is in an uptrend. The the bulls are more aggressive than the bears. The [...]
From a broad view of the market, the Ethereum Name Service is in an uptrend. This bullish season started on the 28th of August. There [...]
According to the daily chart, after touching the daily low of $15.9, the Ethereum Name Service price prediction touches a new daily high of $20.1. [...]
ENS Price has pumped by 2% in the last 24 hours and is showing an uptrend move. Currently trading at around 17USD, ENS needs to a 6X to reach 100USD? Can ENS touch 100USD, what are the price predictions for ENS? Let’s see these and more in this post. ENS Price Prediction The year 2021 […]
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