Ethereum

Bitcoin

Brian

Ethereum Name Service

<p>The Ethereum Name Service (ENS) has captured attention with a notable 39% surge, fueled by growing anticipation for the altseason. This optimism has sparked interest in several altcoins, with ENS emerging as a top performer in this week, climbing over 100%.</p> 
<p>ENS’s rally gained further momentum after Coinbase CEO Brian Armstrong publicly endorsed it as a key decentralized identity project.&nbsp;</p> 
<div class="wp-block-image"> 
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  <img decoding="async" width="452" height="252" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/brian.png" alt="brian armstrong tweet" class="wp-image-218317" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/brian.png 452w, https://www.cryptotimes.io/wp-content/uploads/2024/11/brian-420x234.png 420w" sizes="(max-width: 452px) 100vw, 452px">
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   Source: <a href="https://x.com/brian_armstrong/status/1861941850145214517" target="_blank" rel="noreferrer noopener nofollow">X</a>
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 </figure>
</div> 
<p>The heightened interest has propelled ENS to $34.24 at the time of writing, supported by a market cap nearing $1.17 billion and the 24-hour trading volume stands at $2.35 billion, surging a staggering almost 375%. </p> 
<div class="wp-block-image"> 
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  <img decoding="async" width="860" height="426" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/ENS-860x426.png" alt="ENS price chart" class="wp-image-218316" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/ENS-860x426.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/11/ENS-615x305.png 615w, https://www.cryptotimes.io/wp-content/uploads/2024/11/ENS-420x208.png 420w, https://www.cryptotimes.io/wp-content/uploads/2024/11/ENS-768x380.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/11/ENS.png 987w" sizes="(max-width: 860px) 100vw, 860px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://coinmarketcap.com/currencies/ethereum-name-service/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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 </figure>
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<p>The ENS price rally is also partially fueled by spikes in Ethereum price which has pumped over 15% in past 7 days, breaking above $3,600.</p> 
<p>Despite being 60% below its all-time high of $85 from November 2021, the recent uptrend in ENS price suggests a potential breakout.</p> 
<p>ENS is trading near the critical $32 resistance level, a zone it has struggled to surpass since early 2022. Analysts predict that breaking this level could lead to a significant rally, potentially pushing the price to $82 or higher. This would require a 250% gain, a feat not uncommon during altseason.</p> 
<p>ENS’s performance against Bitcoin and Ethereum has also improved, hinting at strong investor confidence. As Bitcoin’s dominance fluctuates, altcoins like ENS are seeing increased inflows, with the cryptocurrency market currently in a phase of “extreme greed.”</p> 
<p>ENS serves as a decentralized naming system on Ethereum, converting human-readable addresses into machine-readable formats. With its utility and Coinbase’s backing, ENS is well-positioned to capitalize on the altseason hype.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/11/27/analyst-predicts-ethereum-could-hit-20k-next-year/" target="_blank" rel="noreferrer noopener">Analyst Predicts Ethereum Could Hit $20K Next Year</a></p> 
</blockquote>

Ethereum Name Service (ENS) Surges 39% Amid Altseason Buzz

The Crypto Times

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