This month, the cryptocurrency market has shown positive trends, especially after the close of October. While Bitcoin (BTC) has finally surpassed its previous mark of $73,000, other cryptocurrencies are also showing significant growth potential.
Ethereum Name Service (ENS)
ENS Labs, the developers behind Ethereum Name Service (ENS), are working on a new network to improve scalability. As part of this project, they plan to launch Namechain — a Layer 2 rollup network by 2025. This project aims to reduce costs and improve access to ENS. Following the announcement, the ENS token rose by 10.8%, and its current price is $35.12. The growing interest in ENS is associated with its unique approaches to its user base and system improvements.
Ethena (ENA)
Amid the general crypto market growth, Ethereum Name Service (ENA) also demonstrated impressive performances by increasing its price by over 20% in the past two days. Jason Hayes, co-founder of BitMEX, increased his positions in ENA after a recent price correction, reflecting his confidence in the token's future prospects.
Catslap (SLAP)
The new meme coin Catslap ($SLAP) quickly rose over 50% in a short period. With a market cap of $29 million, this token is attracting attention for its uniqueness and new Play-to-Earn features. Amid anticipation of major announcements and potential token burn, interest in $SLAP continues to grow.
In conclusion, current movements in the cryptocurrency market suggest opportunities for growth and investment. As Bitcoin and other major cryptocurrencies continue to strengthen, new and promising projects like ENS, Ethena, and Catslap are catching investors' attention with their potential.
