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Ethereum Name Service Price Prediction 2022-2031: IS ENS a Good Investment?

Ethereum name service price

Many people worldwide are attracted to the crypto market due to the hype and probably the fantastic benefits. This article will share important details, and price predictions of one of the latest cryptocurrencies launched a few months ago. However, the cryptocurrency name is Ethereum Name Services — popularly called ENS. Since the launch of this token, many traders have already started investing in this token.

The greatest application of ENS might as well be the use as a governance token. DAO gave all of the investors/members a vote in the decisions the company makes when spending the raised capital. 

Another added value of a DAO and web3 is the ability to build a community where DAOs represent “a powerful alignment engine to collapse the categories of user or buyer, company or team, and investor into a single group that’s aligned and part of a community that cares about a certain artifact or a certain experience.” Let’s get to know Ethereum Name Service price prediction and if it’s worth being included in your crypto portfolio.

Today’s Ethereum Name Service price is $10.05 USD with a 24-hour trading volume of $82,253,939. Ethereum Name Service is up 6.76% in the last 24 hours. The current CoinMarketCap ranking is #132, with a live market cap of $203,390,198. It has a circulating supply of 20,244,862 ENS coins and a max. supply of 100,000,000 ENS coins.

What is Ethereum Name Service?

Ethereum Naming Service is a network that allows crypto-enthusiasts to rename their crypto addresses into something more uncomplicated for them to remember easily. Renaming crypto addresses through ENS will enable users to recollect and write their crypto addresses quickly.

It is essential to know that Ethereum Naming Services has been on for years and is financed by the Ethereum blockchain itself. Even though Ethereum Naming Service is based on the Ethereum blockchain, it uses its cryptocurrency known as ENS. Also, you can send and receive any cryptocurrency with the system’s wallet. ENS is used for governance purposes on the blockchain network.

As stated earlier, the ENS token was launched a few months ago, which makes its price a bit difficult to predict, and this is because there is less information about it. This might imply that predicting ENS tokens may be far too optimistic or cautious.

Ethereum Naming Service whitepaper

According to the Ethereum Name Service whitepaper, the naming system was created to map human-readable names like Donald.eth to machine-readable identifiers such as ETH addresses, content hashes, etc. Furthermore, the whitepaper also stated that ENS allows reverse resolution, ensuring that metadata such as canonical names can be matched with different addresses on the Ethereum network.

Ethereum Name Service also aims to have the same goal as the internet’s Domain Naming Service. But it has a different framework due to its abilities and limits offered by the Ethereum blockchain network.

ENS Price History  

There is little activity that has gone on ENS price action. It is also essential to know that ENS price history cannot indicate its future performance, but it is still worth noting to see how ENS performed in the past few months.

The ENS token was listed in the crypto-market four months ago, on November 9, 2021. At that time, its price was $33.66. ENS price dipped to $22.92 and rebounded to $43.66 at the end of the day.

The next day, the ENS token started trading and fell to a new low; it then hit an all-time high at a price mark of $84.78. However, this was partly due to the hype around the market and the pleasant news the early adopters of the coin received that day when Ethereum Name Service airdropped crypto into their wallet based on how much they held on October 31, 2021. Also, this means that people who had owned the wallet domain names through the service benefitted by generating substantial interest in the token. The next day, the coin saw new heights with an intraday tally of $85.69, serving as its present all-time high.

There was a drastic pullback for the rest of the month, something that would make it challenging to predict ENS. However, the token spent the next few weeks bouncing between the $30 and $50 price mark.

This changed when it experienced a bull run that saw the token move from an intraday low of $46.01 on November 24 to an intraday high of $83.54 on November 27, a more than 80% rise.

While the price kept hovering around $80 for some time, it then dropped and spent much of early December trading in the $50s before slipping again to stand at around $48 on December 9. It had a market cap of about $965m, making it the 219th largest cryptocurrency by that particular metric. 

The prolonged bear market had a significant effect on the ENS coin. By January 7, 2022, ENS stopped trading above its launch price and continued to fall. As of February 16, 2022, the coin hit an intraday high of $18.54.

There was a bit of recovery after that, and, despite the attempt to remove ENS director Brantly Millegan over racist and homophobic tweets, ENS still traded at about $15.35 on the afternoon of March 17, 2022.

In late March and early April, ENS experienced a bullish trend, and it reached a price of $21.19 on April 3, 2022. Things went downhill after that, and on April 11, 2022, following the announcement of China’s crypto ban, it reached a low of $13.55.

Ethereum Name Service Technical Analysis

Based on the current analysis of the Ethereum name service, the general trend lines show a possible bullish momentum to arise in the coming months. THe current crypto market is generally bearish, and most crypto coins are losing value by the minute. However, the future of the Ethereum name service, according to the price predictions, looks great based on the technical analysis as explained below.

The current price is oscillating around the $8 mark, and according to this analysis, once the price of the Ethereum name service trades above the $7.35, we become bullish for the long term. However, the bullish trend could be lost if the prices fall below the $7.35 mark. At this moment, the analysis supports a bullish prediction of the token, and future predictions generally remain bullish.

Ethereum Name Service  Price Predictions 2022 – 2031

Ethereum Name Service price prediction for 2022 to 2031 shows a somewhat upward growth. The predictions are based on a smart analysis of the past and present prices of the token. Careful analysis of the price chart using technical indicators like moving averages and oscillators shows that the Ethereum name service token will assume a general upward trend, with occasional price fluctuations due to price volatility.

According to the predictions, the price of Ethereum name service is expected to surpass the $10 mark by the end of the year. The projections are somewhat optimistic, as the forecasted average price of Ethereum name service by the end of the year is $13. These predictions show signs of a healthy bullish trend that is projected to continue for the long term up to 2031, when the forecasted price of Ethereum name service ranges between $346 and $425.

Below are some of the predictions as indicated by other price prediction platforms.

Walletinvestor

The Wallet investor platform’s price prediction of Ethereum name service is rather pessimistic. Their analysis, however, predicts the short-term price movements of the Ethereum name service. Based on their forecasts, the Ethereum name service will lose significant value within one year. The prices of Ethereum name service will therefore average a market value of $1.254 after one year. This one-year forecast certainly indicates that the Ethereum name service is a bad short-term investment for crypto holders.

TradingBeasts

Trading beasts’ data shows a different price prediction for ENS price. According to their findings, the price of ENS will continue to fluctuate significantly during 2022. Based on their analysis, the current bear market will continue to reflect on the price movement of the Ethereum name service cryptocurrency. The forecasts indicate a continued decline in price from the current price, showing that ENS price could reduce to a minimum price of $5.8 in July. However, the bear market isn’t projected to last long, as the predictions indicate an 11% increase in price by December 2022. As per the predictions, ENS could trade at a maximum price of $9.815 by the end of the year.

Cryptopolitan

The Cryptopolitan’s prediction for ENS price is bullish. The forecasts show a consistent uptrend in the price of Ethereum name service from 2022 to 2031. As per the information derived from the ENS price chart, cryptocurrency’s future appears to be quite bullish. Cryptopolitan uses a combination of advanced tools to determine the future price of Ethereum name service in order to give a clear picture to interested crypto investors.

In order to give a concise breakdown of the token’s price from 2022 to 2031, we give a price prediction analysis per year in order to give a clear picture of the projected price movements of the Ethereum name service year by year.

Ethereum Name Service  Price Prediction 2022

According to Cryptopolitan’s predictions, the price of Ethereum name service will recover towards the end of 2022. Although the current crypto market is overwhelmingly bearish, the prediction shows that there is hope for price recoveries before the year ends. The analysis shows that the ENS price could close the year at an average price of $13.46, which is an impressive growth from the current price.

Ethereum Name Service  Price Prediction 2023

The Ethereum name service price prediction for 2023 is equally optimistic. The prices are expected to grow slowly but steadily throughout the year, with nominal price falls due to the imminent effects of cryptocurrency market volatility. Generally, a significant level of price growth is expected, as the predictions indicate a possible price range of $19.07 and $22.53 for the Ethereum name service cryptocurrency.

Ethereum Name Service  Price Prediction 2024

For 2024, the ENS price predictions remain optimistic as the prices are expected to grow significantly throughout the year. The predictions indicate a steady growth that implies signs of a violent bullish momentum cooking up. Based on the analysis, the Ethereum name service could record a minimum price of $27.43 and a maximum price of $32.89 in 2024.

Ethereum Name Service  Price Prediction 2025

The Ethereum name service price prediction in 2025 continues on an upward trend. However, the technical analysis shows that aggressive price fluctuations are expected during 2025; there is a broader range between the expected least and highest price of ENS. Considering the forecasted prices, the Ethereum name service price could trade at an average price of $39.82 in 2025. Similarly, the expected highest price of Ethereum name service in 2025 is $47.37.

Ethereum Name Service  Price Prediction 2026

Price forecasts for Ethereum name service in 2026 portray a solid bullish momentum accumulated over the years. The prices of the ENS cryptocurrency will continue to increase based on the forecasts. The predicted average value of ENS tokens in 2026 is $59.56. Essentially, the value of the Ethereum name service is expected to oscillate between $57.97 and $68.48 in 2026.

Ethereum Name Service  Price Prediction 2027

The Ethereum name service price prediction for 2027 is equally bullish. The predictions are characterized by the apparent increase in demand for the ENS token. The information derived from the price charts shows rather exponential growth in the price of Ethereum name service. As per the predictions, the Ethereum name service could top its previous predicted market value and record a maximum value of $100.22 in 2027. The predicted average price of Ethereum name service is $86.53.

Ethereum Name Service  Price Prediction 2028

The price prediction of Ethereum name service in 2028 continues to be optimistic. The value of ENS is expected to rise in 2028 based on the information gained from the smart analysis performed on the price charts. The forecasted price of ENS in 2028 is in the range of $120.17 and $147.42.

Ethereum Name Service  Price Prediction 2029

The ENS price prediction for 2029 remains optimistic as the prices are estimated to continue increasing exponentially. The Ethereum name service shows that the cryptocurrency will record new higher highs in 2028. As per the predictions, the expected minimum and maximum prices of the Ethereum name service token are $174.65 and $207.44, respectively.

Ethereum Name Service  Price Prediction 2030

By 2030, the price analysis of the Ethereum name service shows that the cryptocurrency could surpass the $250 mark. The forecasted price is impressive as this indicates significant gains from the current price, representing lucrative profits for ENS crypto holders for the long term. The price projections show that the Ethereum name service could average a market price of $247.95 in 2030, with its highest predicted price at $305.77.

Ethereum Name Service  Price Prediction 2031

By 20301, incredibly exponential growth is projected for the price of ENS; however, the year is also predicted to experience several price falls. The projected volatility in the price of ENS in 2031 results in a more comprehensive price range. As per the forecasts, the Ethereum name service price prediction for 2028 ranges between $346.86 and $425.33. The predicted average price of ENS in 2031 is $356.78

Ethereum Name Service  Price Predictions by Industry Influencers

The ENS token benefits significantly from its community. Many crypto coins grow through the challenging bear markets because of their community’s firm belief and the benefits it offers to the crypto space in general. The Ethereum name service token is growing in demand, and more lucrative opportunities are yet to come. The minimum price value of ENS is probably at its lowest during the current bear market, and the Ethereum name service ENS is positioned for upward growth in the future. ENS fans have shown resilience with the naming service, which is a good recipe for future growth, as indicated in the tweet below.

A popular YouTube influencer known as Crypto Grade gave his own view about the future of ENS. According to him, ENS can be a good cryptocurrency in the short term. In the longer term, it is difficult to predict ENS. However, this influencer also advises investors to tread carefully and make their research before investing in ENS in the long term.

Some analysts contend that the bearish movements of ENS do not make it a profitable investment in the short term. The current dip is a good buy opportunity for investors. ENS can reach $90 in 10 years if Ethereum keeps pumping its growth rates. Some even project on $200 by the end of this year.

Final words

Conclusion

The Ethereum name service price predictions for Cryptopolitan are carefully calculated based on a combination of mathematical analysis of the past and the current price of ENS. The predictions are generally bullish, despite the current bears winning in the crypto space. The future of Ethereum name service is bright, and ENS holders are poised to reap significant profits based on the price predictions documented above.

It is worth noting that ENS is a new cryptocurrency, and there have been many cryptocurrencies that started in a promising manner before their price plummeted. Even though ENS performance has been pretty encouraging recently, let us not forget that prices can fall quickly.

Additionally, just because the Ethereum Name Service is a reasonably new system with much potential, it is entirely possible that another similar product could come along and supersede it, much like Ethereum superseded NXT in terms of proof-of-stake blockchains. Overall, ENS is a good cryptocurrency to invest in, and you can invest in it. This is not investment advice. Hence, it is essential you do your research before investing in this cryptocurrency.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

Is Ethereum Name Service (ENS) a good investment?

Many experts and traders believe that Ethereum Name Service has been an excellent investment for a long time. Surprisingly, the value is increasing. Therefore, it is guaranteed that the investment will yield a good return.

How much will Ethereum Name Service (ENS) be worth in 2025?

Many platforms and analysts think that the price of Ethereum Name Service will continue to grow in the next five years, surpassing the $43.02 mark by the end of 2025. Even though the price seems like a stretch, you never know. ENS and other Cryptocurrencies are very volatile and can change direction.

How much will ENS be worth in 10 years?

There is a considerably higher chance that the price of Ethereum Name Service will increase to $90 in ten years. The Value of 1 Ethereum Name Service can surpass a minimum price of $70.44 and a maximum price of $90.49 within 8 to 10 years.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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