{"id":10168,"date":"2022-10-07T00:02:36","date_gmt":"2022-10-07T00:02:36","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/07\/what-is-ethereum-name-service-ens-usd-and-does-it-present-an-opportunity\/"},"modified":"2022-10-07T00:02:37","modified_gmt":"2022-10-07T00:02:37","slug":"what-is-ethereum-name-service-ens-usd-and-does-it-present-an-opportunity","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/07\/what-is-ethereum-name-service-ens-usd-and-does-it-present-an-opportunity\/","title":{"rendered":"What is Ethereum Name Service ENS\/USD, and does it present an opportunity?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665090428677-8b6d963b-c7c8-4b73-9e63-f3c588361c26-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665090428677-8b6d963b-c7c8-4b73-9e63-f3c588361c26-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665090428677-8b6d963b-c7c8-4b73-9e63-f3c588361c26-1-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665090428677-8b6d963b-c7c8-4b73-9e63-f3c588361c26-1-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2017\/06\/1665090428677-8b6d963b-c7c8-4b73-9e63-f3c588361c26-1.png\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Ethereum Name Service is an open-source naming system on the Ethereum blockchain.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Its native token has gained 8% previously day and 13% previously week<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Although ENS is on a stable uptrend, it lacks the energy to maintain the momentum<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Ethereum Name Service\u00a0<a href=\"https:\/\/coinjournal.net\/news\/ethereum-name-service-price-prediction-as-ch-pattern-forms\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>ENS\/USD<\/u><\/a> is a decentralised naming platform for wallets and web sites. It is a permissionless community that maps human-readable names to machine-perceivable identities.<\/p>\n<p dir=\"ltr\">Such identifiers embody crypto addresses, metadata, and content material hashes. Simply put, ENS domains are customised digital wallets with identifiable names. To personal one in all them, a person should pay a specific amount of payment.<\/p>\n<p dir=\"ltr\">ENS is a token utilized in facilitating the Ethereum Name Service DAO. The\u00a0<a href=\"https:\/\/coinjournal.net\/news\/erc-20-tokens-to-watch-this-week-as-the-ethereum-merge-gets-underway\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>ERC-20<\/u><\/a> utility crypto is up 8% previously day, with a cumulative weekly achieve of 13%. The bullishness completely aligns with the current robust fundamentals of the community.<\/p>\n<p dir=\"ltr\">Data from ENS domains exhibits that new registrations shot 57% to 437,000 final month. A big a part of the domains got here from OpenSea. The NFT platform accounted for as much as 97% of the registrations, incomes $5.5 million in income. Still, Paradigm.eth stays the costliest area ever offered at $2 million.<\/p>\n<p dir=\"ltr\">Technically, ENS is wanting stable with a transparent uptrend. But how far can it go?<\/p>\n<h2 dir=\"ltr\"><strong>ENS rebounds from an ascending trendline<\/strong><\/h2>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/09\/06\/1665091654182-68fee62c-aa37-40ca-b075-c41936c46075.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"327\"\/>Source: TradingView <\/p>\n<p dir=\"ltr\">According to the every day chart above, ENS has bounced off the ascending trendline severally. The token is at present trying to beat $17 resistance. At press time, it was buying and selling for $17.47, virtually half a cent above the extent.<\/p>\n<p dir=\"ltr\">Of significance to notice, the MACD momentum indicator is wanting bullish with inexperienced histograms. However, the RSI is approaching the overbought zone, at present at 65. It means a consolidation or a full correction might happen earlier than a clearance above the resistance zone.<\/p>\n<h3 dir=\"ltr\"><strong>Bottom line<\/strong><\/h3>\n<p dir=\"ltr\">ENS basically occupies an necessary spot within the crypto house. A surge in area identify registrations might improve its worth in the long run. However, regardless of the bullish view, ENS lacks the energy to say increased ranges, a minimum of within the close to time period.<\/p>\n<p dir=\"ltr\">An alternative to enter can solely be known as above the resistance zone. Otherwise, there are probabilities the token might retest the ascending trendline.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/what-is-ethereum-name-service-and-does-it-present-an-opportunity\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum Name Service is an open-source naming system on the Ethereum blockchain. Its native token has gained 8% previously day and 13% previously week Although ENS is on a stable uptrend, it lacks the energy to maintain the momentum Ethereum Name Service\u00a0ENS\/USD is a decentralised naming platform for wallets and web sites. It is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[4618,108,348,2274,109],"class_list":["post-10168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-ensusd","tag-ethereum","tag-opportunity","tag-present","tag-service","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=10168"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10168\/revisions"}],"predecessor-version":[{"id":10169,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10168\/revisions\/10169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/10170"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=10168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=10168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=10168"}],"curies":[{"name":"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