ENS currently has a circulating supply of 30.383 million units, a total supply cap of 100 million units, and a market capitalization of nearly $1 billion. From the perspective of market capitalization and circulation, ENS still has significant growth potential in a bull market environment.
As the Ethereum ecosystem continues to prosper, the demand for ENS as a critical infrastructure is expected to continue to increase, which will further drive the price of ENS.
If the application scenarios of ENS can be successfully expanded, the price is expected to rise further in the future, and may even touch the price range of 50 to 100 US dollars.
However, it is worth noting that as a cryptocurrency, ENS’s price movements closely correlate with the performance of the overall cryptocurrency market. The price of ENS can also fluctuate significantly during market declines.
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