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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.
This collaboration presents an unprecedented opportunity for users to access Gnosis Pay cards adorned with their unique ENS identities. These cards are available for free for a limited time.
ENS allocates $50,000 USDC to support essential open-source projects through Drips.
The team behind the Ethereum Name Service, ENS Labs, is proposing to expand the crypto domain service to layer-2 networks.
ENS Labs, the company behind Ethereum Name Services (ENS), has proposed upgrading the protocol to a Layer 2 network to enhance accessibility and efficiency. The company announced Tuesday that the move aims to improve speed and make transactions cheaper.
TL;DR Ethereum Name Service (ENS) will migrate to Layer 2 to reduce costs and improve scalability while maintaining ETH security. The new design will include a hierarchical registry system and an updated Universal Resolver to optimize user experience. The migration process will be carried out in phases, designed to minimize disruption to current services.
This initiative goes beyond mere migration. It fundamentally reimagines the protocol's architecture to meet the needs of the evolving decentralized web.
ENS Labs, a non-profit organization at the heart of the Ethereum Name Service (ENS), has proposed the ENSv2 upgrade to facilitate the protocol's migration into a Layer2 network.
ENS Labs has announced ENSv2, a significant upgrade to the Ethereum Name Service involving a migration to a Layer 2 network.
The Ethereum Name Service (ENS) is planning to migrate to a layer-2 network with the upcoming ENSv2 update, aiming to enhance scalability, reduce costs, and improve overall user experience.
The world's largest crypto exchange Binance on Tuesday announces new trading pairs and trading bots services on Binance Spot. Binance will list new trading pairs for top cryptocurrencies — Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO).
ENS Labs, a non-profit organization responsible for the Ethereum Name Service (ENS), has proposed an ENSv2 upgrade that would facilitate the protocol's migration into a layer 2 network, according to a May 28 statement shared with CryptoSlate.
