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Despite impressive advancements in the Ethereum Name Service (ENS) network, its price has not reflected this progress. In this article, we will explore why the ENS token's price is falling short of its potential, despite the network's growth and adoption.
As of July 9, 2024, the Ethereum Name Service (ENS) token is trading at $27.32, reflecting a notable 9.84% increase over the past 24 hours. The 24-hour trading volume stands at approximately $427,456,830, and the market cap is around $863,272,237.
The Ethereum Name Service (ENS) price decreased by 3.4% in the last 24 hours to trade at $26.11 during European business hours on Thursday. The price drop negates the substantial growth ENS is experiencing in network adoption and integration.
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.ENSs job is to map human-readable names to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENSUSD showed a massive jump in the past two weeks.
In addition to the token listing, users will also be able to purchase ENS names such as “bob.eth” and map them to identifiers like addresses, content hashes, and metadata.
Ethereum Name Service (ENS) has experienced a significant boost, surging over 12% following a major announcement by Upbit, South Korea's largest cryptocurrency exchange. The news of ENS being added to Upbit's Korean won trading market has sparked considerable interest in the token.
Bitcoin faced intense selling pressure and volatility on Monday, dropping to a low of $54,337 and reaching a high of $58,284 before settling at $56,764. The price has recovered over the past couple of sessions and is currently trading above $57,000.
Leading domain name service provider Ethereum Name Service (ENS) witnessed a quarterly decline in domain registrations in the second quarter.
Ethereum Name Service (ENS) has unveiled a brand refresh aimed at making Web3 more accessible and user-friendly
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.
With the upcoming token unlocks, how the market absorbs them would determine their impact.
ENS has increased in value in the last few days and is gradually approaching the oversold zone.
ENS has surged over 20% in the last 24 hours, reaching a price point not seen since January 2022, reflecting renewed investor interest.
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.
