Ethereum Name Service (ENS) Price Prediction 2024-2030: Will ENS Price Hit $50 Soon?

• Ethereum Name Service’s 2024 price prediction indicates a maximum potential of $32.01, suggesting moderate growth in the near term.
• By 2030, ENS is forecasted to potentially reach a high of $393.91, highlighting significant long-term growth prospects.
• The long-range forecast for 2040 positions ENS at a peak of $25,610, underscoring its potential for value increase over the next two decades.

Ethereum Name Service (ENS) is a decentralized domain name system built on the Ethereum blockchain, launched in 2017. It provides human-readable names to replace long Ethereum addresses, enhancing the user experience and increasing the ease of use of blockchain transactions.

ENS domains end with “.eth”, allowing users to assign their Ethereum addresses and other cryptocurrency addresses to a readable name. This system integrates with decentralized websites and applications, further embedding blockchain technology into everyday internet use.

ENS also supports the storage and management of metadata associated with these names, offering a versatile tool for identity management in the digital realm.

Ethereum Name Service (ENS) Real Time Market Status

🪙 Name	Ethereum Name Service
💱 Symbol	ENS
🏅 Rank	#85
💲 Price	$26.2141845767
📊 Price Change (1h)	-0.43 %
📊 Price Change (24h)	-1.11 %
📊 Price Change (7d)	31.81 %
💵 Market Cap	$826577366.531
💸 Circulating Supply	31531683.3187 ENS
💰 Total Supply	100000000 ENS

What is Ethereum Name Service (ENS)?

Ethereum Name Service (ENS) tokens are integral to the ENS platform, which aims to simplify Ethereum addresses into readable names. These tokens serve as governance tokens, allowing holders to vote on proposals that shape the future development of the ENS protocol.

The typical Ethereum address, which is a long string of numbers and letters, can be replaced with a human-readable name like “alice.eth,” improving user experience and reducing the likelihood of errors during transactions.

The ENS token is also used for registering and renewing domain names on the Ethereum blockchain. Holders can register a domain for their wallet, smart contract, or other services, which then allows for more straightforward interactions within the Ethereum ecosystem. The registration process requires users to stake ENS tokens, which are returned upon the expiry of the registration if the domain is not renewed.

The supply of ENS tokens is capped, ensuring scarcity and potential value appreciation over time. The distribution of these tokens is designed to reward early adopters and contributors to the ENS ecosystem, fostering a community-driven approach to its development and governance.

Ethereum Name Service (ENS) Market Status

Ethereum Name Service (ENS) has witnessed a significant surge over the past month, with a notable increase of 88.87% in its price. This sharp rise highlights a robust market interest and bullish sentiment in ENS tokens during this period.

The trading volume for ENS has also seen a substantial increase, jumping by 53.06% in the last 24 hours. This high volume, coupled with an overall market cap growth of 16.83%, suggests active trading and potentially positive market dynamics. The volume-to-market cap ratio stands impressively at 31.15%, indicating a high level of liquidity and trading activity relative to its market size.

Finally, the circulating supply of ENS tokens is currently 31,523,483 out of a total supply of 100,000,000 tokens. This limited circulating supply, against the backdrop of increasing demand, may be contributing to the token’s price appreciation, making it a notable player in the cryptocurrency market.

Ethereum Name Service (ENS) Price Analysis: Bollinger Bands

The Bollinger Bands on the 4-hour chart for Ethereum Name Service (ENS) provide insights into the asset’s volatility and price levels. The bands consist of a middle line which is the 20-period simple moving average (SMA), surrounded by an upper and lower band that represent standard deviations away from the SMA.

Currently, the middle Bollinger Band shows a moving average at approximately $24.29, indicating the average price over the last 20 periods. The price of ENS has recently moved above this average, which could be interpreted as a bullish signal. The upper band is currently positioned around $27.76, and ENS is trading near this level, suggesting that it is at the higher end of its recent price range.

ENS/USD 4-Hour Price Chart (Source: TradingView )

The width between the upper and lower bands has increased, indicating rising volatility in the ENS market. When the price touches or moves past the upper band, it often indicates that the asset might be overbought, potentially leading to a price pullback or stabilization. However, continued trading near or above the upper band could also signal strong bullish momentum, suggesting that the upward trend might persist if supported by high trading volumes.

Ethereum Name Service (ENS) Price Analysis: Moving Average Convergence Divergence (MACD)

Further analyzing the Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart for Ethereum Name Service (ENS), we observe significant bullish signals. The MACD line, depicted as the faster moving average, remains above the signal line, an indicator of bullish market sentiment. This configuration supports the notion of an ongoing upward momentum as the positive histogram values extend, indicating strong buying pressure.

Additionally, the MACD histogram, which visualizes the difference between the MACD and its signal line, is positive and increasing. This expansion signifies that the bullish trend is not only present but also strengthening. Such trends typically encourage more buying, pushing prices upward as seen in the recent green candles on the chart.

ENS/USD 4-Hour Price Chart (Source: TradingView )

Traders might consider this an opportune moment to engage with the market, as the persistent positive MACD suggests further price increases. However, vigilance is advised as overextension could lead to a pullback. Monitoring for any potential crossover of the MACD line beneath the signal line is essential, as it could signal a reversal.

Ethereum Name Service (ENS) Price Analysis: Bull Bear Power (BBP)

Following the analysis of the MACD, the Bull Bear Power (BBP) indicator on the 4-hour chart for Ethereum Name Service (ENS) provides additional insights into market dynamics. The BBP indicator is designed to measure the strength of buyers against sellers and can help identify potential price movements based on the balance of power.

Additionally, the BBP is showing positive values, indicating that the bulls are in control, suggesting strong buying pressure. This positive trend has been increasing as seen in the recent rise of the green bars in the histogram. This reflects growing bullish momentum, supporting the current upward trend in the price of ENS.

ENS/USD 4-Hour Price Chart (Source: TradingView )

Traders might interpret these readings as a signal of continued upward movement, especially with the BBP values remaining above the zero line. However, it’s important to stay alert for any sudden shifts in the indicator that may suggest a change in power from bulls to bears, which could indicate a potential reversal.

Ethereum Name Service (ENS) Price Price Prediction 2024-2030

Price Prediction	Potential Low ($)	Average Price ($)	Potential High ($)
2024	24.66	27.56	$32.01
2025	$47.76	$49.41	$56.11
2026	$70.52	$72.50	$84.99
2027	$104.49	$107.39	$119.61
2028	$150.24	$154.53	$183.45
2029	$225.69	$233.41	$264.09
2030	$357.18	$366.51	$393.91
2040	$20,726	$22,404	$25,610

Ethereum Name Service (ENS) Price Prediction 2024

According to the forecast and technical analysis for 2024, the price of Ethereum Name Service (ENS) is expected to reach a minimum of $24.66. The maximum price could climb to $32.01, with an average trading price around $27.56.

Ethereum Name Service (ENS) Price Prediction-Resistance and Support Levels

In the 4-hour chart for Ethereum Name Service (ENS), the support level is identified at around $20.50, which has provided a stable base preventing further price decline in recent trading sessions. The resistance level is marked at approximately $27.25, a point the price has struggled to break through multiple times, indicating strong selling pressure at this level.

ENS/USD 4-Hour Price Chart (Source: TradingView )

Currently, the price is testing this resistance level, trading near $27.19, suggesting a possible breakout if the buying pressure sustains. Notably, the price has been making higher highs and higher lows, indicative of a bullish trend. If ENS successfully breaches the $27.25 resistance, it could signal further upward momentum, potentially reaching new highs.

Ethereum Name Service (ENS) Price Prediction 2025

Based on an in-depth technical review of historical price data for Ethereum Name Service (ENS), it is projected that in 2025 the minimum price could be approximately $47.76. The price might peak at around $56.11, with the average price expected to hover about $49.41.

Ethereum Name Service (ENS) Price Prediction 2026

Our comprehensive technical analysis of price data suggests that in 2026, the price of Ethereum Name Service (ENS) is expected to reach a minimum of approximately $70.52. The maximum price could rise to about $84.99, with an average trading value estimated at $72.50.

Ethereum Name Service (ENS) Price Prediction 2027

In 2027, the price of one Ethereum Name Service (ENS) is anticipated to achieve a minimum of $104.49. It may peak at a maximum of $119.61, with the average price expected to be around $107.39 for the year.

Ethereum Name Service (ENS) Price Prediction 2028

For 2028, the Ethereum Name Service (ENS) price is predicted to potentially fall to a low of $150.24. According to our analysis, the price could climb to a high of $183.45, with an expected average price of $154.53 throughout the year.

Ethereum Name Service (ENS) Price Prediction 2029

The price of Ethereum Name Service (ENS) is expected to start at a minimum of $225.69 in 2029. It may rise to a maximum of $264.09, with the average trading price projected to be around $233.41 during the year.

Ethereum Name Service (ENS) Price Prediction 2030

The forecast and technical analysis for 2030 indicate that the Ethereum Name Service (ENS) will likely see a minimum price of $357.18. It could reach a high of $393.91, with the year’s average price anticipated to be around $366.51.

Ethereum Name Service (ENS) Price Prediction 2040

By 2040, it is projected that Ethereum Name Service (ENS) could reach a maximum price of $25,610. The expected average trading price is around $22,404, with the minimum price likely to be approximately $20,726.

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