According to Coingecko data, the Ethereum Ad Service (ENS) native token has experienced significant price increases in recent days, gaining more than 20% of its value in the last 24 hours. 🚀 These increases are supported by increasing excitement around the upcoming ENSv2 upgrade. This upgrade aims to increase the efficiency and scalability of the naming service. 💡

ENS has experienced particularly significant price increases in the last 24 hours. According to chart analysis from Coingecko, ENS rose from a low of around $26 to a peak of around $33.1, which has been a critical resistance level since May 2022, representing an increase of approximately 30%. At the time of writing, ENS has fallen slightly to $31.6, still more than 21% higher than its value on Sunday.

After this significant increase, ENS is $10 million away from a $1 billion market cap to enter the "billionaires club."

On Monday, crypto analyst Javon Marks shared an analysis of ENS price action and highlighted the token's potential to hit the $76,121 target. Marks noted that ENS is forming new post-breakout highs, suggesting that a continued breakout could quickly push the token towards the $76,121 target, potentially leading to an additional 138% upside.

ENS is preparing for the ENSv2 upgrade. The new version aims to increase the affordability, flexibility and scalability of ENS. 🎯

The ENSv2 upgrade was first announced in May and has led to significant price performance. So far, the developers have not announced exactly when this upgrade will launch.

What do you think about ENS? We are waiting your comments! 💬