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On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin (MOG), which appreciated by 82.
There has been a notable surge in activity in the Ethereum Name Service (ENS) derivatives market. ENS' open interest has skyrocketed since it cratered to a year-to-date (YTD) low of $26 million on May 19.
Why is the price of Ethereum Name Service (ENS) rising? Discover the key factors driving the surge in demand and value
Ethereum Name Service (ENS) has surged 30% in the last 24 hours to reach a price point not seen since January 2022. At the time of writing, ENS was trading at $32.61, still up 27.
Ethereum Name Service (ENS) has emerged as one of the best-performing cryptocurrencies this year. Its token has jumped for two weeks straight and moved to its highest point since January 2022. ENS has jumped by more than 220% this year while Ethereum and Bitcoin have jumped by 57% and 47%, respectively.
Ethereum Name Service (ENS) has experienced a significant surge, climbing 10% following the announcement of an upcoming rebranding. At the time of writing, ENS is exchanging hands for $26.9, representing a 7.2% increase in the past seven days.
As things stand, bulls should be cautious of buying ENS at such a strong resistance zone.
The Ethereum price has been trading close to $3400, even though the bears are trying their best to slash the levels below $3200. In the meantime, Ethereum Name Service (ENS) is forming a constant ascending trend, which will end up reclaiming the price's initial highs.
On June 25, the Ethereum Name Service (ENS) price fell to $22.95 amid market hesitation. Then something intriguing happened—the price began to climb, eventually rising to $25.13 in the early hours of June 26.
Amid increased price volatility in the crypto market, the altcoin leader, Ethereum price, continues to record a consolidated price action by trading in a range between $3.3K and $3.4K. However, the altcoin is on the verge of testing its upper level, indicating increased bullish sentiment.
Here is how some of your favorite assets concluded the week.
The global crypto market is experiencing significant fluctuations. With Bitcoin prices hovering around $64,000, investors and enthusiasts are constantly on the lookout for promising altcoins that offer unique functionalities and strong market potential.
The global cryptocurrency market has been experiencing turbulent times, impacting both Bitcoin and leading altcoins. Nevertheless, in the midst of the overall market decline, some cryptocurrencies have stood out with significant growth, demonstrating the dynamic and sometimes unpredictable characteristics of the cryptocurrency industry.
The week under review has seen a decline in trading activity in the cryptocurrency market. Within that period, global cryptocurrency market capitalization has dropped by 4%.
ENS became one of the top monthly performing altcoins despite recent market sell-offs.
Ethereum Name Service (ENS) price has painted a red candlestick on the daily chart while attempting to close above $26.
Over the past 30 days, CryptoSlate data shows that Notcoin (NOT), THORChain (RUNE), Ethereum Name Service (ENS), JasmyCoin (JASMY), and Monero (XMR) have massively outperformed the market. NOT has soared over 170%, while Monero has rebounded 20% over the same period.
LDO and ENS are among the top performers on a daily scale.
Following the conclusion of Ethereum's ongoing case with the SEC, the cryptocurrency market has experienced a strong bullish reversal with top tokens recording significant gains in their respective valuation. Moreover, the Ethereum price has jumped 3.5%, resulting in it reclaiming the $3.5K mark.
Ethereum Name Service (ENS) has recorded impressive gains while data shows the token is overbought at this price point. ENS is up by 15.62% in the past 24 hours and is trading at $26.7 at the time of writing.
The crypto market sentiments have flipped slightly bullish with the SEC withdrawing their investigation into Ethereum 2.0. With this, the ETH price reached levels above $3,500, while the Ethereum-based tokens ENS & LDO have also been displaying acute strength, aiming for a massive upswing.
The crypto prices today have shown signs of recovery after yesterday's remarkable bearish momentum. Bitcoin (BTC) regained its position at the $65K price level after bottoming to the $64K level in the past 24 hours.
Despite being 4% down over the past 30 days, Ripple's XRP stands out among the three non-stablecoin asset maintaining positive momentum. Besides Ripple (XRP), the other coins in green today are Ondo and Ethereum Name Service (ENS).
Ethereum Name Service tops daily NFT sales, followed by significant activity on Ethereum and Bitcoin blockchains.
