Ethereum Name Service Dollar Price Pumping
The Ethereum Name Service price (ENS) has increased by 33% over the past 24 hours, trading at $21.06 as of midnight EST. Over the last week, the ENS token has shot up by 46%, driven by a surge in Ethereum’s rally amid Bitcoin ETFs’ regulatory approval.
Vitalik Buterin, the founder of ETH, recently encouraged all layer 2s to include ENS domains to enhance the DeFi experience.
Ethereum Name Service Price Outlook
The 2-hour ENS/USDT chart analysis indicates that the Ethereum Name Service price may be heading for a correction. The token shows a solid bearish trend, as evidenced by various indicators, with the trade volume jumping by 84% within the last 24 hours.
Meanwhile, Meme Kombat is emerging as a potential alternative for investors looking for tokens with explosive potential, securing over $6.6 million in its MK token presale.
Ethereum Name Service Price Prediction: Is MK A Better Pick?
Meme Kombat boasts a user base exceeding 15k on X and over 7k on Telegram. The MK token is available at a nominal cost of $0.279, offering an impressive annual staking yield of 142%.
Will MK 100X?
Crypto specialist Michael Wrubel forecasts a potential 100x surge on Meme Kombat’s launch, and its presale is headed toward a sellout, ranking among the top gaming tokens in the market.
To learn more about Meme Kombat, head here.
Hot Take
If you’re interested in the crypto market, you might want to consider diversifying your portfolio to include ENS and MK tokens as potential investment opportunities with promising future returns.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.