- Bullish ENS price prediction is between $37.45 and $79.44.
- ENS price might also reach $100 soon.
- ENS bearish market price prediction for 2022 is $12.75.
This Ethereum Name Service (ENS) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our Ethereum Name Service (ENS) price analysis and prediction.
The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.8 trillion according to CoinMarketCap. The price of ENS has decreased by 6.5% in the past 30 days.
In this Ethereum Name Service (ENS) price analysis and price prediction, we take a look at the performance of ENS and if it will reach $100 by the end of 2022. But before that, let us look at is Ethereum Name Service (ENS)?
What is Ethereum Name Service (ENS)?
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion — associating metadata and machine-readable addresses with human-readable Ethereum addresses — is also possible.
ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.
Current Market Status for Ethereum Name Service (ENS)
At the time of writing, the price of Ethereum Name Service (ENS) is $18 with a 24-hour trading volume of $245,781,265 and a decrease in price by 3.5% in the past 24 hours.
The present circulating supply of Ethereum Name Service (ENS) is 20,244,862.09 ENS. Some of the major crypto exchanges for ENS are Binance, Kucoin, Gate.io, Coinbase, FTX, Huobi, and others.
Now that we have seen the present status of Ethereum Name Service (ENS) in the market, let’s look at the price analysis of ENS.
Ethereum Name Service (ENS) Price Analysis 2022
Ethereum Name Service (ENS) is in the 143rd position in the market capitalization of cryptocurrencies according to CoinMarketCap. It has increased by 23.6% in the past 7 days.
But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this Ethereum Name Service (ENS) price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ENS/USDT, we can deduce that the price of Ethereum Name Service might get bullish in some days since the price is almost breaking out at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 59.97. This shows that ENS is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are below the recently formed candlesticks, the price of the coin might increase soon.
Ethereum Name Service (ENS) Price Prediction
The chart below shows that Ethereum Name Service (ENS) has performed great over the past few days. If this trend continues, ENS might run along with the bulls, overtaking its $23.11 resistance1 level and climbing higher to $79.44 at the resistance3 level, the bullish signal for 2022.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone Ethereum Name Service (ENS) from its uptrend position. In simpler terms, the price of ENS might plummet to almost $12.75, a bearish signal.
Meanwhile, our long-term Ethereum Name Service (ENS) price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $85.69 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.
Ethereum Name Service (ENS) Price Prediction 2022
If this bullish trend continues, Ethereum Name Service will reach $37.45 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $23.11. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $100 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Ethereum Name Service (ENS) Price Prediction 2023
The price of Ethereum Name Service (ENS) can move even to great heights, however reaching $150 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency ENS breaks past the psychological resistance level.
Ethereum Name Service (ENS) Price Prediction 2024
The price of Ethereum Name Service (ENS) can move even to great heights, however reaching $200 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency ENS breaks past the psychological resistance level.
Ethereum Name Service (ENS) Price Prediction 2025
In the next four years, Ethereum Name Service (ENS) prices could race up to $300. However, reaching this level could not be so difficult for ENS as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Ethereum Name Service (ENS) has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Ethereum Name Service (ENS) Price Prediction 2026
As per the latest upgrades, developments, Ethereum Name Service (ENS) price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Ethereum Name Service (ENS) in the crypto market, and it will be the best investment as the price can spike and reach around $500.
Conclusion
Ethereum Name Service (ENS) has a bright future ahead of it from 2022 to 2026. With ongoing developments happening within the Ethereum Name Service platform, as well as in the overall crypto market, we may see ENS reach it soon.
Meanwhile, our long-term ENS price prediction for 2022 is bullish. In addition, it has a high possibility of surpassing over $37.45 and may reach above $79.44 this year. However, that will only happen if it breaks past many psychological resistances.
As said above, Ethereum Service Name (ENS) may even reach $100 if investors have decided that ENS is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Like other digital assets in the crypto world, Ethereum Name Service (ENS) can be traded on many exchanges. Users can obtain ENS tokens by purchasing them from cryptocurrency exchanges such as Kucoin, Gate.io Binance, and others.
Yes, for as long as the investors and the bullish market continue to side with the crypto.
Ethereum Name Service price may reach $10 this year if the crypto keeps pumping its growth rate.
Ethereum Name Service price is expected to reach $79.44 in 2022.
Ethereum Name Service price is expected to reach $150 by 2023.
Ethereum Name Service price is expected to reach $200 by 2024.
Ethereum Name Service price is expected to reach $300 by 2025.
Ethereum Name Service price is expected to reach $500 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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