ENS Price Recovery: Surge 234% from All-Time Low, Will It Rise to New Volatility Highs?
The price of the Ethereum Name Service cryptocurrency has experienced a huge long liquidation in the past 24 hours.
ENS price is up 234% from its all-time low.
Ethereum Name Service (ENS) is a decentralized, open naming system on the Ethereum blockchain that maps human-readable names (such as "alice.eth") to Ethereum addresses, content hashes, and metadata. Launched in May 2017 by Nick Johnson and Alex Van de Sande, ENS simplifies interaction with Ethereum, supporting address mapping, decentralized content, metadata storage, and subdomain creation
The cryptocurrency also has a high supply inflation rate of 10.01%, and its market capitalization accounts for 0.03%. Analysts believe that sentiment on the cryptocurrency is further bullish.
Ethereum Name Service Cryptocurrency Derivatives Data Analysis Overview
Open interest in derivatives has remained stable over the past 24 hours, with a slight decrease of 0.14% over the past 24 hours since press time.
If the ENS cryptocurrency price further breaks through the recent swing high of $25.00, then the subsequent momentum may push the price even higher
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