Ethereum Name Service (ENS) 153% Rally ‘Underway’, Analyst Says

Ethereum Name Service (ENS) 153% Rally ‘Underway’, Analyst Says
Even though the crypto market has been quite unstable, Ethereum Name Service (ENS) has been showing a lot of growth potential. ENS has shown it can bounce back with an almost 4% rise in the last week. Its success over the last 30 days has been even better, with a 15% increase. People think that the release of Ethereum ETFs will be a big part of making ENS more well-known and appealing. These ETFs are a big change in the world of cryptocurrencies, and they might get more investors interested. Related Reading: Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions As Ethereum ETFs become more popular, they could lead to more demand for Ethereum-based assets, such as ENS, which would make it even more visible in the market. The price of ENS is $25.80 right now, and it’s worth $852 million on the market. Ethereum Name Service: Market Sentiment Even though ENS lost 9% in the last 24 hours, the general direction for the altcoin remains positive. Bitcoin’s recent drop to $65,500 is one factor that caused this short-term drop ..

Support the originator by clicking the read the rest link below.