The Ethereum Name Service (ENS) is similar to the Domain Name System (DNS) (DNS). However, it offers a secure and decentralized method of managing website domains and sending ETH and ERC20 tokens. The Ethereum Name Service (ENS) is a service that provides names for machine-readable identifiers such as wallet addresses and hashes. Reading data strings into easily readable addresses becomes difficult. It’s similar to how a website’s Domain Name System (DNS) works. ENS used the Vickrey auction structure to sell popular six, five, four, and three-letter domain names to interested consumers first. Each name ends in.eth and can be linked to various cryptocurrency addresses, hashes, and other information. This article will explain how ENS works and why it is important. Our primary focus will be on the ENS registry and resolvers. We’ll also go over the protocol’s governance tokens and the ENS DAO quickly (decentralized autonomous organization). On this Page:Contents [show] How to Buy Ethereum Name Service Choose an exchange that supports the ENS token. eToro comes highly recommended because it is FCA, ASIC, and CySEC regulated. Create and validate your eToro trading account. Make a deposit into your account. To open charts and trades, type ‘ENS’ into the search bar. Enter the amount to be traded in ENS and press the “Trade Now” button. Best Exchange to Buy ENS in May 2023 Invertir Invest $ = Bitcoin Actualizar More Filters Close Filters Sort By Rating Price 1 Provider that match your filters Providers that match your filters Payment methods Credit Card Paypal Sepa Transfer Skrill Sofort Giropay Neteller Features Instant Verification For Beginners Wallet Service Mobile App Usability Very Good Good Average Bad Support Very Good Good Average Bad Rates 1or more Security 1or more Selection of Coins 1or more Classification 1or more Remove Filter Apply Filter No results found Trying adjusting the filter to see some results. Rating with $1000 you receive 172.9129 BTC What we like Easiest to deposit Most regulated Copytrade winning investors Rates Security Selection of Coins Features Payment methods with $1000 you receive 172.9129 BTC Read Reviews Buy UNI Read Reviews 68% of retail CFD accounts lose money. Compare Crypto Exchanges & Brokers Binance Visit Site As with any asset, the values of digital currencies may fluctuate significantly.... Coinbase Visit Site The value of digital currencies can go up or down frequently.... AvaTrade Visit Site 71% of retail CFD accounts lose money.... Libertex Visit Site 74% of retail investor accounts lose money when trading CFDs with this provider.... Rating 4.5 4.5 4.5 5 Mobile App 9/10 9/10 9/10 9/10 Features For Beginners Instant Verification Mobile App Wallet Service Coin Selection 0 0 0 0 Rates Trading fees 0.1%0.50%SpreadsSpreads Deposit fees N/AN/AN/AN/A Withdrawal fees N/AN/AN/AN/A Additional features Regulated FCAFCACBI, MiFIDCySEC Min.Deposit $10$2$100100 EUR Leverage 1 - 100xN/A1 - 30xN/A Latest prices by currency Bitcoin $26959$26959$26959$26959 Ethereum $1861.56$1861.56$1861.56$1861.56 XRP $0.505609$0.505609$0.505609$0.505609 Tether $1$1$1$1 Litecoin $89.09$89.09$89.09$89.09 Bitcoin Cash $112.48$112.48$112.48$112.48 Chainlink $6.45$6.45$6.45$6.45 Cardano $0.373654$0.373654$0.373654$0.373654 IOTA $0.198586$0.198586$0.198586$0.198586 Binance Coin $305.78$305.78$305.78$305.78 Stellar $0.090408$0.090408$0.090408$0.090408 Bitcoin SV $32.58$32.58$32.58$32.58 Payment methods Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort How to Sign Up at eToro For first-time buyers of ENS tokens, here is an overview of the investment process with FCA-regulated broker eToro. Step 1: Open an Account Please follow the steps outlined below to open a new trading account. Press the “Join Now” or Trade Now option on the eToro website. You’ll find an electronic form where you can enter all of your personal information needed to open a new trading account. Users need to fill out this form with all of the necessary information. Users can access eToro through Facebook or Gmail. Please read eToro’s Terms & Conditions and privacy policy before submitting your information for consideration. After reviewing all of the terms, please indicate your agreement by checking the appropriate box. Click the “sign-up” button to submit your information. eToro website homepage In case, you want to use the mobile app for iOS or Android, take a look at the eToro app guide. This includes screenshots of how the app appears and functions. Visit eToro Your capital is at risk. Step 2: Upload ID Users will be required to upload proof of ID and proof of address after filling out an e-form with all of their information. eToro requires it to comply with regulatory standards and to confirm that the person is who he claims to be. Therefore, users can upload a government ID, a driving license, or a passport as proof of ID, whereas the most recent utility bill or bank statement can be used as proof of address. Step 3: Make a Deposit The next step is to fund the account and begin investing. The minimum eToro account deposit is $10, and it can be made with Visa Debit or Credit Cards, bank transfers, PayPal, Skrill, or other payment methods. After selecting a payment method, click the “Deposit” button to complete the transaction. eToro does not charge any deposit fees. Deposit methods on eToro Step 4: Buy Ethereum Name Service In order to buy Ethereum Name Service, enter ENS into the search box and select the relevant token from the search list. Searching ENS on eToro Step 5: Review Ethereum Name Service Price Begins with the selection of the cryptocurrency, an order page will be displayed, on which the trader will enter the desired Ethereum Name Service (ENS) token amount. When you’ve made your decision, click the “Open Trade” button to include ENS in your portfolio. We recommend storing your digital assets in a third-party wallet separate from the trading platform. The eToro Crypto Wallet, which supports over 120 digital assets and ENS, is one option. ENS Price Chart on eToro The good news is that eToro does not charge a maker/taker fee; instead, they charge a buy/sell spread. Step 6: Buy Ethereum Name Service Then click on the “Trade” button. Enter the amount you want to contribute to the ENS. Following that, you will be given two options. Pending Order: When the price of ENS reaches a certain level, a buy limit will be placed to execute an order. Instant Buy: This option is for those that want to buy Ethereum Name Service as soon as possible at the current market price. The underlying asset, ENS, will be acquired in the trader’s eToro account by clicking ‘Open Trade.’ A trader can exit the trade at any time. Buy ENS on eToro ENS/USD was listed on eToro on April 19, 2022, and traders can trade it on eToro along with several other coins. Read more about how to buy cryptocurrency in 2023 here. Open eToro Account Your capital is at risk. Where to Buy Ethereum Name Service (ENS)- Best Platforms After extensive research, the best platforms to buy Ethereum Name Service have been narrowed down for your convenience. Their benefits, fees, and reasons for being different are all listed. eToro is the most highly recommended platform for purchasing ENS tokens as it is secure, offers reasonable prices, and, most importantly, is the easiest to use. Best Brokers to Buy Ethereum Name Service 1 – eToro eToro rose to prominence with its social investing platform, a novel tool that allows users to mimic other investors’ trades. eToro, which was founded in 2007, now has over 20 million users in 140 countries, including the United States. Customers in the United States will be able to purchase stocks and ETFs from the company beginning in 2022. Previously, customers in the United States could only trade cryptocurrencies on the platform, whereas eToro operated multi-asset brokerages in other countries (offering stocks, commodities, and forex trading). Additionally, you can now stake prizes for buying Ethereum and storing it in your wallet, as well as Cardano and Tron. Learn more about cryptocurrency staking. Trading and transaction fees: To buy or sell crypto assets on the eToro platform, a 1% fee is charged. There is no commission on stock and ETF trades, and the broker pays the regulatory transaction fees when you sell a stock. There is also a $75 account transfer fee for partial and full transfers. Cryptocurrency trading pairs: Users in the United States do not have access to direct crypto-to-crypto trading. However, unlike Coinbase, there is a cryptocurrency-to-crypto conversion option for Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Stellar. Bitcoin, the most popular digital asset, as well as popular altcoins such as Ethereum, Aave, XRP, Graph, and others, are accepted by eToro. Deposit Fee: eToro charges its customers a reasonable fee structure. Making a deposit at eToro is completely free. Deposit methods include bank wire transfer, credit or debit card, PayPal, Skrill, Sofort, and Netteller. The minimum deposit amount varies according to the user’s location. If you use a debit card or connect a bank account, the minimum deposit amount is $10. You can also purchase fractional shares of stock, which means you can purchase a small portion of a share for any amount greater than $10. eToro allows you to buy and sell both online and through their mobile app. In comparison, registering for an eToro account is simple and takes only a few minutes. Pros & Cons of the eToro platform: Copy-trading – Ability to copy the trade of successful traders. Regulated by ASIC, FCA, and CySEC User-friendly interface Trusted by 20 million registered users Most payment methods supported Staking of ETH, ADA or TRX Less technical analysis (TA) tools and indicators than Binance Service is only available in 44 US states. Buy / sell spread large on altcoins Visit eToro Your capital is at risk. 2 – Bitstamp Bitstamp, which was founded in 2011, is a well-known cryptocurrency exchange platform that supports more than 56 different cryptocurrencies. While this is a smaller selection than some exchanges, it is more than enough for most beginners, and the simplified fee structure makes it an easier (albeit slightly more expensive) point of entry for newcomers; however, more advanced users may prefer more coins or lower trading fees. Bitstamp can be an excellent option for those new to crypto who want to trade the leading crypto coins or even more popular altcoins due to its simple fee structure and the ability to buy crypto with fiat currency directly from a bank account, credit card, or debit card. Bitstamp offers 24-hour customer service, including a phone support line for urgent inquiries. This type of support is hard to come by in the crypto exchange space, so if speaking with a support agent over the phone is important to you, Bitstamp is worth a second look. Bitstamp charges a single flat fee percentage whether your order is a maker (creates liquidity on the exchange), a taker (reduces liquidity), or made using the trading or instant buy platforms. Trading fees will be 0.5 percent for traders with less than $10,000 in monthly trade volume. Fees are reduced to 0.25 percent for $10,000 to $20,000 transactions, and they continue to fall as trading volume increases. Pros & Cons of the Bitstamp platform: Allows for the purchase of cryptocurrency with fiat currency using a bank account, debit card, or credit card.. Around-the-clock phone support. Available in over 100 countries. No margin trading. Visit Bitstamp 3 – Huobi Leon Li established Huobi Global in 2013 and was originally based in China. In 2017, Huobi Global’s headquarters were resettled to Singapore and the Republic of Seychelles amid China’s crackdown on cryptocurrency exchanges. Huobi Global is available in the vast majority of countries worldwide, but it excludes a few, such as the United States and Japan (though users in Japan can use Huobi Japan instead). Huobi Global provides crypto-to-crypto trading with a diverse set of assets and low trading fees. Limit, stop, and trigger orders, as well as margin and futures trading, are supported by the platform, which is aimed at active traders and institutional investors. OTC trade desks, derivatives, and custom trading tools are also available to institutional traders. Deposit: A $100 deposit is required, and additional fees such as deposit fees, transaction fees, and withdrawal fees vary depending on the currency. Fees: Huobi Global charges reasonable fees for cryptocurrency trading but higher fees for cryptocurrency purchases made with a credit or debit card. Although deposits in fiat currency (such as US dollars) are free, trading fees must be paid. Fees are charged at a flat rate of 0.2 percent for both makers and takers. Depending on the scale volume, it can be as low as 0.1 percent. Huobi Global Trading Fees: Maker-taker fees are charged by Huobi Global, with discounts available for high-volume traders who own HT tokens. Depending on whether you are a maker or a taker in the transaction, you will pay different fees. Professional accounts have a higher trading volume requirement (more than 1,000 BTC every 30 days) and a higher HT holdings requirement (at least 2,000 total). Customer service is provided by Houbi Global via email, phone, online chat, ticket system, and social media platforms. Other security features include two-factor authentication, cold storage, account freezing, and bitcoin reserves. Pros & Cons of the Houbi platform: 24/7 customer support. Excellent trading platform More than 350 cryptocurrencies. High-quality cyber security Strong customer support Low trading fees Professional trading tools. Mobile app Not available in the US. No fiat deposits or withdrawals Visit Huobi 4 – Crypto.com Crypto.com, a global cryptocurrency exchange based in Hong Kong, was founded in 2016 and currently serves over ten million traders from over 90 countries, allowing you to trade over 250 cryptocurrencies for a low trading fee. Crypto.com has a larger selection of cryptocurrencies on its exchange than any other service reviewed by us, with approximately 180 cryptocurrencies available. Deposit: The minimum account balance on this platform is set at $1. The maker/taker commission ranges from 0.04 percent to 0.40 percent. Credit/debit card purchases are charged at 0% or no fee for the first 30 days after the account is opened. Low cash fees: Crypto.com has no trading or transaction fees if you pay with money transferred from your bank account via ACH or an automated clearinghouse. Users of the Crypto.com App can now purchase ENS at face value in USD, EUR, GBP, and 20+ other fiat currencies, and use the Crypto.com Visa Card to spend it at nearly 70 million merchants worldwide. Pros & Cons of the Crypto.com platform: More than 20 fiat currencies are supported. A separate NFT platform There are no fees for sending cryptocurrency to other users via the mobile app. It offers up to 8% cashback on its own Visa card. Price alerts Up to 14.5% p.a. interest earnings Competitive fee Pay more for lower balances. Residents of New York are not eligible. Services for the US platform are limited. No customer service via phone. Visit Crypto.com 5 – Bybit Bybit is a new peer-to-peer (P2P) cryptocurrency derivatives exchange looking to break into the burgeoning cryptocurrency margin/leverage trading market. Despite the fact that it was founded in March 2018, Bybit quickly gained traction and customers in the cryptocurrency trading community. The exchange allows traders from all over the world to trade with up to 100x leverage in a limited number of crypto products, including BTC, ETH, EOS, and XRP. Bybit, based in Singapore, is a crypto-to-crypto exchange that does not require users to go through stringent KYC verification and generates close to $1 billion in daily trading. Co-Founders of ByBit After seven years as XM’s China District General Manager, Ben Zhou founded Bybit in March 2018. Bybit’s core team has experience in investment banking and the Forex industry, and they were among the first to adopt blockchain technology, whereas XM is a leading brokering service provider. Trading with leverage: Bybit Exchange primarily offers perpetual futures products with 100:1 leverage. This implies that they will try to connect with established exchanges such as Binance and Phemex, which offer similar non-expiry futures contracts. Market takers pay a fee of 0.075 percent, while market makers pay a fee of -0.025 percent. As a result, when a transaction is initiated, market makers will be compensated. Because of the low fee, market makers are more likely to be active and fill the order book. Pros & Cons of the Bybit platform: Up to 100x leverage on crypto Advanced tools supported by great technology Risk-free test environment to learn and experiment Educational resources Not available in the US Not suited to spot trading Visit Bybit 6 – Binance Binance is a cryptocurrency exchange that provides seasoned investors with low fees, access to hundreds of digital currencies, and enhanced tools. Binance is famous for its lightning-fast trade execution. Changpeng Zhao, the company’s founder, devised a new system for corresponding orders for high-speed traders prior to the launch of Binance in China in 2017. Binance offers nearly 60 cryptocurrencies and continues to outperform many other US exchanges despite having fewer digital currencies and crypto-to-crypto trading pairs than its parent company. Minimum Deposit: In the United States, the minimum trade is $10. Binance.US charges a flat 0.1 percent spot trading fee, which is lower than the fees charged by many other US exchanges, including eToro (0.5 percent trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount). For traders who need to transact quickly, Binance.US also charges a 0.5 percent Instant Buy/Sell fee. Binance, unlike its global brokerage, charges a 4.5 percent fee for debit card transfers. In the United States, credit card purchases are not permitted). For cash deposits and withdrawals, ACH bank transfers are free, whereas bank wire transfers cost $15 per transaction. With a minimum withdrawal amount of 0.001 bitcoin, bitcoin withdrawals cost 0.0005% of the amount withdrawn. Pros & Cons of the Binance platform: Over 500 cryptocurrencies for trade Wider range of altcoins More staking options – Binance Earn feature Professional traders have access to all the chart indicators they need Margin trading – long or short on leverage Massive selection of transaction types US customers can’t use the Binance platform, and the Binance.US exchange is very limited High fees for credit card deposits No copytrading Visit Binance 7 – Coinbase With nearly 100 cryptocurrencies available for trading, Coinbase is the largest cryptocurrency exchange in the United States. However, Coinbase fees can be perplexing and significantly higher than those of some competitors. While Coinbase provides appealing security features, cryptocurrency trading is extremely volatile, so weigh the risks. Trading platforms: Coinbase users can trade on the original Coinbase platform, which allows users to purchase cryptocurrency with US dollars and Coinbase Pro. Coinbase Pro, formerly known as GDAX, offers advanced charting and allows users to conduct crypto-to-crypto transactions and place market, limit, and stop orders. Coinbase Earn is a fresh take on “earning while you learn.” Coinbase offers a series of video classes and exams to educate users about cryptocurrency trading and some of the available cryptocurrencies. In addition, users can earn specific cryptocurrencies by taking the classes. Fees: Coinbase’s fees are higher than those of other cryptocurrency exchanges (and have a more complicated fee structure at times). Coinbase is ideal for cryptocurrency traders looking for a simple way to trade. Traders must quickly convert one cryptocurrency to another. Minimum Deposit: A minimum trade amount of $2 is required to purchase cryptocurrency on Coinbase. Fees for trading and transactions: The Coinbase fee structure is a perplexing jumble of elements determined by two factors: Coinbase charges a 0.5 percent spread on cryptocurrency sales and purchases; rates may vary depending on market fluctuations. Coinbase also charges a flat or variable fee, depending on the amount purchased and the method of payment used. Pros & Cons of the Coinbase platform: Trade against the US Dollar, GBP, or EUR rather than USDT Well-known and trusted by US regulators Instant deposits and withdrawals to / from bank account Remember to use Coinbase Pro for lower fees Higher maker / taker fee than Binance unless your trading volume is very high Coinbase Pro website is slow and lacks chart indicators Less customer support Visit Coinbase 8 – KuCoin KuCoin, a well-known name in the cryptocurrency industry, has established itself as a prominent one-stop shop for all types of cryptocurrency transactions. It was founded in 2017 and currently offers over 200 cryptocurrencies in over 400 markets around the world. With approximately 750 currency pairs, Kucoin offers a diverse range of cryptocurrencies. It can give you experience with less popular coins that are hard to find on popular cryptocurrency exchanges. This platform offers the KuCoin Earn service, which pays interest on cryptocurrencies staked or lent. It also provides its customers with margin trading and trading bots via its mobile app. Kucoin has some of the lowest trading fees because it does not charge monthly or withdrawal fees. The deposit fee is instead determined by the method of transfer you select. It claims that one in every four cryptocurrency holders uses its services due to its large customer base. The Kucoin fee can be reduced by holding at least 1000 KCS. The maker/taker fee starts at 0.1 percent and gradually decreases as you progress through the levels. Withdrawal fees vary according to the cryptocurrency. Fees for US citizens who cannot deposit directly into their Kucoin account range from 3.5 percent to 5 percent. The fees for withdrawals and transfers vary depending on the coin. Kucoin is one of the few cryptocurrency exchanges that allows you to trade on margin. Users can also lend their crypto assets to others. On this platform, users can also hire trading bots for a small fee. Pros & Cons of the KuCoin platform: User-friendly exchange Low trading and withdrawal fees Vast selection of altcoins Ability to buy crypto with fiat 24/7 customer support No forced Know Your Customer (KYC) checks Ability to stake and earn crypto yields Complicated interface for newbies No bank deposits No fiat trading pairs Visit KuCoin 9 – Bitfinex Bitfinex, established in 2012, is one of the oldest cryptocurrency exchanges. This exchange, which is aimed at professional and institutional traders, has some of the highest BTC/USDT volume in the industry, thanks in part to the 100x leverage it provides traders. Bitfinex provides a wide variety of order types, margin trading, and over-the-counter (OTC) trading, making it an ideal platform for experienced traders seeking advanced options and low fees. It is, however, not available in the United States. Founders: Giancarlo Devasini and Raphael Nicolle founded Bitfinex, one of the first cryptocurrency exchanges to offer peer-to-peer margin trading. Despite the fact that this feature helped Bitfinex stand out among an increasing number of competitors, the company has been the victim of multiple hacks and was recently fined by US regulators. Fees: Bitfinex’s fees are reasonable, though not the lowest in the industry. While the majority of traders will pay between 0.1 and 0.2 percent per trade, those who trade frequently may have their fees reduced to zero. Users who trade over $7.5 million per month are eligible for free maker trades. Customers with USDt LEO in their accounts are also eligible for discounts. Security: Following several major breaches in the past, Bitfinex has increased its security. It supports two-factor authentication (2FA) and whitelisting of wallet addresses, and 99.5 percent of user funds are kept in multi-signature cold storage. Pros & Cons of the Bitfinex platform: Established since 2012. Suitable for experienced traders. Over 100 coins are supported. Bank wire deposits and withdrawals are accepted. Lack of Regulation US citizens are not accepted. Expensive trading fees Visit Bitfinex What is the Ethereum Name Service (ENS)? ENS is a distributed, expandable, and open naming service built on Ethereum. The primary goal of ENS is to convert human-readable names, such as “john.eth,” into machine-readable IDs, such as MetaMask wallet addresses, Ethereum addresses, or any other cryptocurrency address. Most identifiers are long, laborious combinations of letters and numbers. As a result, ENS links crypto addresses like “0xb76F25…” to more human-readable names or websites. In addition, ENS has a feature known as reverse resolution. Interface descriptions and canonical names, for example, can now be linked to an Ethereum address. ENS, like DNS, aims to provide a more consistent user experience. In other words, ENS serves the same function in Web3 as DNS. As a result, ENS enhances Web3 usability and makes blockchain technology more viable for widespread adoption. Despite having the same goal, their structure and architecture are vastly different. This disparity is explained by the Ethereum blockchain’s unique capabilities and constraints. ENS is decentralized, there is no single point of failure, increasing its security and resistance to censorship. Now that you know what Ethereum Name Service is, read on to learn how the Web3 protocol works. Let’s continue reading to learn more about Ethereum Name Service. Who Manages ENS? ENS was previously a component of the Ethereum Foundation, but it became a separate entity in 2018. The project’s Lead Developer is Nick Johnson, a New Zealand-born software engineer who has previously worked at Google and the Ethereum Foundation. The ENS team is made up of nine people, and a 4-to-7 multi-signature root oversees its treasury. How does Ethereum Name Service work? ERC-721 Non-Fungible Tokens (NFTs) are used to represent a unique address in ENS domain names. A domain can be transferred or sold to another person or entity. Each token has a wallet address and other data that the owner can manage. A registrar is a smart contract that manages the creation of subdomains and holds a top-level domain such as.eth. You would need to contact the.eth registrar if you wanted to start BinanceAcademy.eth. You can check to see if an Ethereum domain name is available and buy it on a yearly basis. Popular names, on the other hand, were auctioned off first. After obtaining the name, the highest bidder can add addresses, create subdomains, and loan or sell them. For instance, if you own BinanceAcademy.eth, you may freely create learn.BinanceAcademy.eth. What Makes it So Unique? The ENS is based on Ethereum’s smart contracts, making it more secure, private, and censorship-resistant than the internet’s Domain Name Service (DNS). The ENS team considers internet-naming infrastructure to be a critical component that should be open, decentralized, community-driven, and non-profit. On a technical level, the ENS can use Ethereum’s existing ecosystem, making it very flexible and able to do more than just naming other smart contracts. Fundamentals of the Ethereum Name Service When it originated: May 4, 2017 Management Team: CEO – Alex Van de Sande and Nick Johnson Native token: ENS What it does: As we discussed in the previous section, there are some similarities between ENS and DNS. For starters, they serve the same purpose in two separate areas. They work on the same structure of “dot-separated” hierarchical names known as “domains.” ENS Tokenomics: The current market ranking is #130, with a live market cap of $369,399,133. There are 20,244,862 ENS coins in circulation, with 100,000,000 ENS coins in circulation. Is it Worth Buying Ethereum Name Service (ENS) in 2023? There is much anticipation and curiosity regarding Ethereum Name Service going around in the market. With the current market fluctuation experts in the crypto market are waiting to see how it will influence ENS trajectory this year and also in the coming years. According to the ongoing market prediction, there could be a 148.2 % growth by the end of 2023. This means ENS could hit and reach up to $32.12. The majority believes in this analysis, and believe that the token could get an opportunity to grow in the coming years as well. It is always advisable to do thorough research before investing. It is wise to get into ENS’s previous price records and market trends, to find out whether or not there is any sign of potential future growth. This is also important to consider the factors that could hamper its value appreciation. We cannot emphasise enough that before taking any major decision, one should always keep in mind the volatility of the crypto market which causes token prices to behave in a fluctuating manner. Always invest money that you can afford to lose. Will the Price of Ethereum Name Service (ENS) Go Up in 2023? A near-accurate long-term price prediction for Ethereum Name Service requires in-depth preliminary research on its past and present behavior. We should also look at the token’s advantages as against its peers. The ENS native token provides various benefits in the crypto industry. It provides low-cost transactions, logistical solutions, and also storage options as more DAPPs and stable coins emerge. However, ENS’s one of the most primary job is to make crypto accessible. It does so by allowing the conversion of complex wallet addresses into simple terms. By the year 2023, the ENS price is predicted to touch an average of around $19.8. It might hit a maximum of $32.12 and a low of $15.21. This means we are looking at a growth of 148.2% in ENS price with respect to US dollars. According to crypto technical experts, Ethereum Name Service has consistently been a viable investment option. Collating this with 2023’s price prediction growth, ENS still seems to be a good area to invest in. Ethereum Name Service (ENS) Price Prediction: Where does ENS go from here? The players in the crypto market are not new to its volatility and market fluctuations. These fluctuations in the prices make it challenging to say for 100% certainty if a token will rise or fall. The answer is not a fact and cannot be a fact. The price of any token depends on various external factors like- how the economy is doing, how other cryptocurrencies are faring as compared to others, public sentiments, etc. However, there are some tools at the disposal of technical analysts in the market which can provide a satisfactory answer. Let us go through their analysis and forecasts to understand Ethereum Name Services’ future trends. Ethereum Name Service Price Prediction 2023 The token was last seen at $14.5, with a market capitalization of $370,673,610. Its trading volume current is at $41,223,000. ENS’s long-term price forecast will entail a detailed study of its future scope against its price and the market trend. The year 2023 looks favourable for the ENS token. ENS currently trading at $14.5. According to the experts, ENS’s price could be valued at a maximum of around $25.1 to $31.12. Even if we consider the most bearish scenario, its price is looking at $11.46. Ethereum Name Service Price Prediction 2024 We are looking at an upward goth graph for the ENS since its performance in 2023. The Ethereum Name Service (ENS) is looking at a rise of up to $28.78 by the end of 2024. The average trading price is predicted to be around $23.45. If the market turns volatile, there could be a drop in price to $18.34, which is still more than its current price of 2023. This means, in the year 2024 ENS still could be a good option. Ethereum Name Service Price Prediction 2025- 2006 Ethereum Name service’s price for the year 2025 should keep within the range of $25.17 to $36.43, as per our expert studies. For the year 2025, the trading price of ENS should be around $31.27. Considering ENS’s large community, its price has the potential to surpass its value in 2025. Price swings are challenging to predict, especially when the market is bullish or bearish than ever. Ethereum Name Service can cost around $33.46 in 2026. However, we can only get a maximum of $49.985. Ethereum Name Service is expected to cost around $40.52 on average by 2026. A significant price shift is likely within the cryptocurrency market’s defined range. Although the price trend of ENS looks promising, it is advised that investors take these predictions with a grain of salt, as the tides may turn anytime. Summary The Ethereum Name Service (ENS) is a blockchain-based distributed, open, and extensible naming system. Improving blockchain’s usability and accessibility is one of the most difficult challenges. For instance, when it comes to Ethereum (ETH) or Bitcoin (BTC) payments, beginners and even experienced users may find long wallet addresses inconvenient and perplexing. Hexadecimal numerals are easy for computers to read, but they are less natural for humans. The Ethereum Name Service (ENS) solves this problem by allowing anyone to create easy-to-remember website-style addresses. If you are interested in the ENS token, you should use the eToro platform to buy it. It is a well-established and highly regulated platform. However, cryptocurrency investments are fraught with danger, so do your homework before diving in. Opening an account with eToro is simple and takes only 2 minutes. Furthermore, automated trading bots can help you with your trading. You should also keep in mind that any profits you make from cryptocurrency trading will be taxed, so plan accordingly. ENS Token has a bright future ahead of it, and you should consider investing in it right away. eToro - Our Recommended Crypto Platform Our Rating ASIC, CySEC and FCA regulated - 30 Million Users Worldwide Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort Free Demo Account, Social Trading Community Free Secure Wallet - Unlosable Private Key Staking Rewards for holding ETH, ADA or TRX Copytrade Professional Crypto Traders Buy Crypto 81% of retail investor accounts lose money when trading CFDs with this provider. FAQs Is Ethereum Name Service a Good Investment? Ethereum Name Service has proven to be a good investment on occasion. In addition to the technology, it is one of the most promising blockchain initiatives in terms of application cases. Furthermore, the Blockchain is being used in a variety of real-world applications, which increases its value. Any risk in buying Ethereum Name Service now? Recently, Intense buying of non-fungible tokens (NFTs) for three- and four-digit Ethereum Name Service (ENS) domains has ended up causing daily trade volume on NFT marketplace OpenSea to surpass that of the Bored Ape Yacht Club (BAYC). Therefore, Ethereum Name Service is a good option to invest in. However, given the ongoing optimism and potential upside in its price movements, ENS is a better asset to trade. How much will ENS be worth in 2030? Many platforms and analysts believe that the price of Ethereum Name Service will continue to rise over the next five to ten years, eventually surpassing $76 by the end of 2025 and $450 by the end of 2030. Even if the price appears to be excessive, you never know. ENS and other Cryptocurrencies are incredibly volatile and can rapidly change direction.
