36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market

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36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market - NewsBTC

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Related Reading: Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag ENS: Price Explosion & Renewed Investor Interest ENS, the native token of the Ethereum Name Service, which translates human-readable domain names into machine-readable wallet addresses, surged by over 2% in the past day.

Related Reading: Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer Long-Term Prospects & Potential Risks Several factors could be contributing to the recent surge in price and activity.

Open interest, which reflects the total value of outstanding futures contracts, reached record highs exceeding $160 million, suggesting a dramatic increase in investor participation and speculation around ENS.