Ethereum Name Service (ENS) has demonstrated remarkable performance over the last 24 hours, securing its position at 95th place in the cryptocurrency market. With a current price of USD 23.64, ENS has experienced an impressive surge of 48.56%, highlighting its potential and attracting the attention of investors.
Key Metrics:
- Rank: 95
- Price: USD 23.640986050
- Change in the Last 24h: +48.56%
- Market Cap: USD 719.066M
- 24h Trading Volume: USD 518.659M
- Circulating Supply: 30.416M
- Category: Identity, Web3, DAO
Detailed Analysis: ENS, short for Ethereum Name Service, has become a focal point in the crypto space, especially with its substantial price movement in the past 24 hours. The current price of USD 23.64 reflects a significant increase, showcasing the market’s positive sentiment towards this particular cryptocurrency.
Market Cap and Trading Volume: ENS’s market capitalization has surged to an impressive USD 719.066M, underlining the growing interest and confidence of investors. The 24-hour trading volume stands at USD 518.659M, indicating robust liquidity and active participation in the market.
Circulating Supply: With a circulating supply of 30.416 million ENS tokens, the project maintains a balance between scarcity and accessibility. This figure plays a crucial role in determining the token’s value and its potential for future growth.
Category and Use Cases: ENS operates in the realms of Identity, Web3, and DAO, positioning itself as a versatile project with multifaceted applications. As the crypto space continues to evolve, projects that integrate seamlessly into the decentralized web and offer innovative solutions for decentralized autonomous organizations (DAOs) are gaining attention.
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