Ethereum Name Service (ENS) Coin Analysis, Price, Market-cap and Future Predictions

Bombolo | News and Media

Ethereum Name Service (ENS) is like a phonebook for the Ethereum blockchain. Instead of long, confusing strings of letters and numbers, ENS lets you use easy-to-remember names, like "john.eth", to find Ethereum addresses. It works a lot like how the internet uses domain names (like google.com) to find websites.

With ENS, you can type in a simple name, and it will automatically find the right Ethereum address for you. Just like how typing "google.com" in a browser takes you to Google's website. It makes things easier for people to navigate and use Ethereum, just like how the Domain Name Service (DNS) makes the internet easier to use.

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Price:

Today, 6th February 2024, Ethereum Name Service (ENS) is priced at $21.23 in US dollars. Over the past 24 hours, the value of ENS has gone up by 16.78%. The total value of all ENS coins in existence (market cap) is $652,930,839. There are currently 30,756,119 ENS coins being traded, out of a maximum of 100,000,000 coins that can ever exist. The total amount of ENS coins traded in the last 24 hours is $202,050,142.

The highest price ever paid for Ethereum Name Service (ENS) was $83.40, and that happened about 2 years ago, on November 11, 2021. Right now, the current price is 74.53% lower than that highest price.

On the other hand, the lowest price ever paid for ENS was $6.69, and that was about 4 months ago, on October 19, 2023. Comparing that lowest price to the current one, the price has gone up by 217.46%.

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Market-cap:

The market capitalization of Ethereum Name Service (ENS) is like the total value of all the ENS coins in existence. It's calculated by multiplying the current price of one ENS coin by the total number of ENS coins available.

So, if the market capitalization of ENS is $657,917,106, it means that if you were to add up the value of every single ENS coin currently out there, it would be worth around $657,917,106 altogether.

Future Predictions:

Our experts predict that Ethereum Name Service (ENS) price could stay between $18.88 and $48.45.

Now, if the price of ENS reaches the upper end of that range, which is $48.45, it means the value of ENS could increase by 125.61% from its current level. In other words, it could more than double in value.

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