Is It Too Late To Buy ENS? Ethereum Name Service Price Soars 42% On ETH ETF Optimism And This Cryptocurrency Might Be Next To Explode
The Ethereum Name Service price has soared by 42% in the past 24 hours to trade for $20.88 as of 08:04 a.m. EST on trading volume that skyrocketed 1,500%. The pump comes on the back of developments that suggest ETH ETFs (exchange-traded funds) are more likely to gain approval this month than was previously thought. The news, which points to a brighter future for decentralized finance (DeFi), has caused a rally among tokens built atop the Ethereum blockchain. ❗JUST IN: Ether (ETH) Surges 17%, Polymarket Approval Chances Rocket, as ETF Makes Regulatory Progress❗ The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed. — Better CallBot (@CallBotCrypto) May 21, 2024 Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses into the machine-readable alphanumeric codes