Ethereum Name Service (ENS) has quickly gained traction among Smart Money (SM) investors, with a significant increase in accumulation over the past few days.
ENS now ranks #4 among tokens being accumulated by SM over the last 24 hours. Since September 7, SM investors have purchased a total of 11,260 ENS tokens, valued at approximately $191,100.
đ $ENS â Smart Money (SM) is back buying!$ENS has become one of the Hidden Gems. Discover more tokens like this in the GEMs Filter: https://t.co/5ARyT33yq3
đĄ $ENS rank #4 in Tokens Accumulated by SM last 24h. Since September 7, SM has bought total of 11.26K $ENS ($191.1K).⊠pic.twitter.com/Ri2ePJXYGn
â iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 11, 2024
ENS is becoming recognized as one of the âHidden Gemsâ in the cryptocurrency space, with investors eyeing its potential for growth. More insights on tokens like this can be found through specialized tools such as the GEMs Filter on platforms like icrypto.ai.
ENS Makes Major Move In Mainstream Adoption With Notable PartnershipsÂ
In addition to strong interest from Smart Money, ENS has made a major move in mainstream adoption by partnering with payment giants PayPal and Venmo. This integration allows users to send cryptocurrency more easily by entering a recipientâs ENS name in the search field when making transfers. This simplifies wallet management, reduces the risk of transaction errors, and further enhances the appeal of ENS for both everyday users and investors.
The inclusion of ENS in these popular payment platforms is a significant step forward for the project, making crypto transactions more accessible and user-friendly. With the growing adoption of ENS names by major financial platforms, the use case for ENS tokens is expanding rapidly, creating strong bullish momentum in the market.
With Smart Money flowing back into ENS and the recent integration with PayPal and Venmo, the Ethereum Name Service is positioned to become a key player in simplifying crypto payments and driving further adoption in the DeFi ecosystem.
đš ICYMI: PAYPAL AND VENMO ADD ETHEREUM NAME SERVICE INTEGRATION
Users can now enter $ENS names directly when sending #crypto on Paypal and Venmo â $PYPL, simplifying wallet management and reducing transaction errors.
This feature will launch first for U.S. users. pic.twitter.com/z2wo97O6nO
â JAKE (@JakeGagain) September 11, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The post Smart Money Flocks To ENS As It Becomes A Hidden Gem, PayPal And Venmo Integration Boosts Adoption appeared first on The Merkle News.
