X Number of people following @ens.eth : 261,000
Long term holding: four stars ★★★★
Growth potential: Four stars ★★★★
ENS is an important infrastructure of Web3.0.
ENS is the domain name system in the blockchain, which maps an individual's long and difficult-to-remember "Ethereum address starting with 0x" to a custom short address.
It provides a secure and decentralized way to resolve simple human-readable domain names into on-chain and off-chain address resources.
ENS is built on the ERC721 protocol, that is, each ENS domain name is actually an NFT. Therefore, after the current registration is completed, you can choose a price to hang out in the NFT trading market such as OpenSea, and then conduct auction transfers.
ENS is not only an account system and a decentralized domain name system in the cryptocurrency market, but also an account system with community consensus.
Supply: 100 million
Circulation: 30.383 million
Circulation rate: 30.38%
Circulation market capitalization: $626 million
The identity recognition in the WEB3.0 section can be simply compared to setting a nickname for yourself in the metaverse. When interacting with the outside world, you only need to correspond to each other's nicknames, instead of repeatedly checking a series of 0x addresses.
Compared with competitors in the same track, its advantage is that it has grown along with the growth of ETH and has become an indispensable infrastructure for the Ethereum ecosystem. This will also limit it from becoming a universal protocol.
In terms of fundamentals, there is no problem with it. As the Ethereum ecosystem grows, its future will be good.
From a technical point of view, the overall trend is relatively regular, consistent with box shocks.
Currency: #ENS
Type: medium and long term
Buy point 1:17.8
Buy point 2: 12.6
Buy point 3: 8.6
Selling point 1:38.8
Selling point 2: 72.3