The Ethereum Name Service (ENS) is an open and flexible naming system based on the Ethereum blockchain. Its primary goal is to convert human-readable addresses to machine-readable codes for major exchange wallets like Metamask.
Overview
The goal of ENS is to make the Ethereum-based web easier to access and comprehend for humans, similar to how the Internet’s Domain system is more accessible. This unique feature has attracted significant attention from the crypto market.
ENS Price Prediction 2024
If the cryptocurrency market experiences a short bullish reversal, the Ethereum Name Service project could attract more investors, as it is currently considered to be undervalued. Consequently, the ENS price could potentially reach $39.65 this year. Conversely, a decrease in trading volume or intensified bearish action could pull the price down to $12.50.
Ethereum Name Service Price Prediction until 2030
By 2025, Ethereum Name Service price forecasts a new all-time high (ATH) formation with large-scale adoption. With a potential high of $53.47, the ENS coin price may sustain the bull run. However, corrections or stricter regulations might pull the price down to $16.89. By 2030, a potential high price is projected at $206.66, with a potential low of $63.54, leading to an average price of $135.10.
In conclusion, ENS is anticipated to be a highly volatile asset with significant price fluctuations up to 2030.
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