tldr; The Ethereum Name Service (ENS) token has experienced a significant surge, rising by 43.28% in the past 24 hours, reaching $36.28 per token and entering the top 100 cryptocurrencies. This growth is attributed to its role as a blockchain-based domain naming network, facilitating Web3 by replacing alphanumeric wallet addresses with human-readable names. The trading volume has increased by 370.39%, reaching $3.13 billion, indicating high investor interest. The ENS token’s market cap is $1.24 billion, with a fully diluted valuation of $3.63 billion, reflecting its potential in the evolving Web3 ecosystem.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Pippouai on
ENS still very undervalued imo
Satoshiman256 on
Honestly ENS is a really good project. It’s one of the few projects that I actually see as useful. Even Vitalik often praises the project.
The post is a bit weird though because I don’t see any surge in price.
3 Comments
tldr; The Ethereum Name Service (ENS) token has experienced a significant surge, rising by 43.28% in the past 24 hours, reaching $36.28 per token and entering the top 100 cryptocurrencies. This growth is attributed to its role as a blockchain-based domain naming network, facilitating Web3 by replacing alphanumeric wallet addresses with human-readable names. The trading volume has increased by 370.39%, reaching $3.13 billion, indicating high investor interest. The ENS token’s market cap is $1.24 billion, with a fully diluted valuation of $3.63 billion, reflecting its potential in the evolving Web3 ecosystem.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ENS still very undervalued imo
Honestly ENS is a really good project. It’s one of the few projects that I actually see as useful. Even Vitalik often praises the project.
The post is a bit weird though because I don’t see any surge in price.