Ethereum Name Service Coin Price Prediction

Last Updated May 17th 2022
18 Min Read

With the impact of cryptocurrency and the blockchain industry in the world of finance today, it is safe to say that DeFi is the future of banking and Finance. The adoption rate of cryptocurrencies is already high, which is one of the major reasons experienced investors are adding cryptos to their portfolios.

ENS Overview

Cryptocurrency Ethereum Name Service
Ticker Symbol ENS
Rank 134
Price $9.03
Price Change 24h -3.51%
Price Change 7d -2.09%
Market cap $182,811,926.67
Circulating Supply 20,244,862.091
Trading Volume $42,781,985.54

The Ethereum Name Service Coin is another crypto token that has become interestingly important among crypto users and investors. It has unique features and usefulness in the crypto space, and these are helping to drive its demand. It is, therefore, not surprising that people are searching for Ethereum Name Service Coin price predictions and forecasts.

This article will help crypto users and investors understand all about the Ethereum Name Service token and its price predictions and forecasts. 

This will aid investors in making the right decisions as regards investing in this crypto and help users maximize profit and gains in the crypto market.

 

Ethereum Name Service Coin Price Predictions 2022, 2023, 2025, and 2030

Do you want a summary of the Ethereum Name Service price prognosis? Here is a quick look at the price predictions of the Ethereum Name Service coin for the coming years:

  • End of 2022: With the price of the Ethereum Name Service coin just recovering after major dips since the month of November 2021, the coin is expected to finish the year as high as $21.03.
  • End of 2023: The Ethereum Name Service coin will hit up this year, given its built-up momentum in the year before. The coin will finish the year with an average price of up to $30.56.
  • End of 2025: With the fast adoption of crypto into daily transactions, by 2025, there will be higher usage of the digital coin. The ENS coin will have an average price of $62.06.
  • End of 2030: The year 2030 will prove very necessary in the crypto space. This is because many crypto tokens have been predicted to reach a new All-Time High in this particular year. The Ethereum Name Service coin will have an average price of $150 in 2030.
 



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What You Need to Know About Ethereum Name Service Coin

The Ethereum Name Service (ENS) is a blockchain-based distributed, open, and extendable naming system. 

ENS translates easily readable and understandable Ethereum addresses into machine-readable alphanumeric codes that wallets like Trust Wallet and Metamask are familiar with. It's also feasible to convert metadata and machine-readable Ethereum addresses back to human-readable Ethereum addresses.

The Ethereum Name Service's purpose is to make the Ethereum-based web more accessible and understandable for humans. Similarly, Domain Name Service makes the web more open and easier to comprehend. 

ENS, just like DNS, uses domains, which are dot-separated hierarchical names in which domain owners have complete control over their subdomains.

In November 2021, ENS executed a tremendously successful retroactive airdrop, rewarding users who had registered addresses before the project's token launch. In February 2022, however, it came under fire for allegedly ‘homophobic tweets’ from its head of operations.

As it is the first service to transition the Domain Name Service to the Web3 sector, Ethereum Name Service provides a one-of-a-kind perceived value.

Its goal is to become a piece of technology as important to Web3 as DNS is to the internet. Furthermore, thanks to blockchain technology, ENS has no single point of failure and is, by default, more censorship-resistant and safe than most other crypto projects.

One of the most significant barriers to the widespread acceptance of blockchain technology has been its availability and convenience. This is another issue ENS attempts to address. Users can get any crypto or NFT to a short and simple URL instead of utilizing machine-readable but difficult alphanumeric codes. This makes blockchain technology less complex and simplifies the user experience further.

ENS was once a member of the Ethereum Foundation, but in 2018 it became a separate entity. Nick Johnson, a software engineer from New Zealand who previously worked at Google and the Ethereum Foundation, is the project's Chief Developer.

Ethereum Name Service Coin

ENS is built on Ethereum, which is protected by a proof-of-work consensus protocol that forces miners to mine new Ether. 

The Ethereum blockchain is secured and validated via a network of decentralized nodes. Due to Ethereum's decentralized nature and the network's over 10,000 nodes, ENS has no design flaw and hence cannot be hacked.

Different wallets, such as Coinbase, Trust Wallet, My Crypto, and others, have joined with Ethereum Name Service.

The Ethereum Name Service governance token, ENS, manages the protocol and affects pricing decisions for any .eth addresses and the price oracle. 

Token holders can also vote with their tokens through the Decentralized Autonomous Organization (DOA). The total quantity of ENS is 100 million, with a little over 20 million in circulation at the time of writing. 

The following is how ENS is distributed:

  • 50% is allocated to the Decentralized Autonomous Organization, where 10% is used during the launch and then linear vesting of the rest over four years.
  • 25% of the coin goes to .ETH holders of the coin through an airdrop.
  • 25% is allocated to contributors through the linear vesting over four years.
  • 96% for Core Contributors
  • 5% for Select Integrations
  • 25% for Future Contributors
  • 29% for External Contributors
  • 58% for Launch Advisors
  • 25% for Keyholders
  • 125% for Active Discord Users
  • 05% for Translators

Read Also: Could Ethereum Name Service (ENS) Be A Millionaire-Maker Coin?

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum Name Service Coin (ENS) Price History

Interested investors and crypto users need to understand the price prediction of Ethereum Name Service Coin as this will help them make important, informed decisions as regards the coin.

The CoinGecko crypto platform has been tracking ENS since it was launched. We will use its ENS historic price data for this section of the article. Remember that the price history of a coin will help you appreciate its price forecasts and predictions better.

As of November 11, 2021, the Ethereum Name Service ENS coin recorded its All-Time High price of $83.40 per token, with a trading volume of up to $1.79 Billion.

The coin had a sharp drop heading into the month of December as its price was recorded at $50.69 with a trading volume of $274,399,735.

The coin continued its downward spiral coming into the year 2022. This, coupled with the fact that cryptocurrency, in general, has been in the "red" zone, left the price at $16 as of January 23, 2022.

Throughout the month of February, the price of the Ethereum Name Service coin remained somewhat steady, simply fluctuating between the $20 to $15 mark.

The month of March saw the Ethereum Name Service coin pick up some momentum as the crypto market, even though still in the dip zone, gradually started moving up the price scale. As of March 31, 2022, the price of the ENS coin was at $19.27, with a trading volume of up to $87,116,270.

The Ethereum Name Service coin crossed the $20 mark, which it has been on for a while, in the month of May. As of May 3, 2022, the ENS coin price peaked at $26.07, with a trading volume of up to $514,236,935.

At the time of writing this article, the price of the Ethereum Name Service (ENS) coin was $10.17 per token, with a live market cap of $207,095,914. The coin was also ranked #141 biggest cryptocurrency in the crypto market, according to market capitalization.

ENS price chart

Ethereum Name Service ENS/USD price chart. Source: Coinmarketcap

Ethereum Name Service Coin (ENS) Expert Forecasts

It will be paramount for interested investors and crypto users to know the price predictions of the Ethereum Name Service coin from other reliable websites as this will help them make valid informed decisions.

Here are some vital forecasts of the ENS coin from various other reliable prediction websites:

Wallet Investor

"If you are looking for virtual currencies with good return, ENS can be a bad, high-risk 1-year investment option. Ethereum Name Service price equal to 10.131 USD at 2022-05-13, but your current investment may be devalued in the future."

Tech News-Leader

The Tech News Leader predicts that the price of the Ethereum Name Service coin will grow positively over the coming years, with the coin forecasted to reach $34.32 in 2023, $64.39 in 2025, and $437.59 in 2030.

Digital Coin Price    

Unlike many other crypto websites, the Digital Coin Price platform offers a relatively conservative price prediction for the Ethereum Name Service coin. It predicts that ENS prices will be $16.89 in 2023, $23.05 in 2025, and $50.19 in 2030.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum Name Service ENS Coin Price Predictions

It's time to go on to our ENS price estimates now that we've covered the majority of what is important about the Ethereum Name Service coin, including its pricing history and forecasts from other credible sources. We'll talk about ENS coin price forecasts from 2022 through 2030.

It is critical to emphasize that price forecasts are not perfect at this time. Though our researchers can estimate the prices of digital assets by looking at their various price trajectories in the market, actual prices may differ from those predicted. It's preferable to think of price projections as expert opinions or estimates of what various cryptos can possibly be priced in the future.

Ethereum Name Service Coin (ENS) Prediction 2022

The year 2022 has seen significant bearish movements in the crypto market, with the Ethereum Name Service coin not being an exception to this. It is likely that the market will pick up its momentum in the latter part of the year, but we have to admit it is totally in the "red" zone at the moment.

From our professional analysts and experts, the price of the ENS coin for the year 2022 can go as high as $22.52. The minimum price of ENS is also projected to be around $19.86. The average price of the coin could be anything in the region of $20.59 per token.

Ethereum Name Service Coin (ENS) Prediction 2023

Given the volatility synonymous with the crypto market and its high price fluctuations at every point, understanding the market takes some work and experience. Our experts and analysts give standard information, to enable investors and crypto users to make informed decisions about any crypto token they choose for investment purposes.

According to the results of our analysis and the current state of the crypto market, we are projecting that the maximum price of the ENS coin in 2023 will be $34.32 while the minimum price could be $21.68. The average price, on the other hand, is projected to be in the region of $30.20.

Ethereum Name Service Coin (ENS) Prediction 2024

With some important cooperation with formal financial institutions in the near future, the Ethereum Name Service coin ENS can record some significant growth in the crypto market. This will definitely increase its credibility in the crypto market bringing many more investors and users to the project.

As per our actual Ethereum Name Service coin price prediction for 2024, the maximum price can hit up to $50.96. The low forecast, on the other hand, is predicted to be $41. Its average price is predicted to be around $43.88.

Ethereum Name Service Coin (ENS) Prediction 2025

A strong community will play a vital role in the growth of ENS coins. We are also expecting that the ENS ecosystem will attract a really strong community before the end of 2025. This will definitely have some impact on the price and market capitalization of the coin.

In 2025, the Ethereum Name Service coin is predicted to reach a maximum price of $73.89. The minimum price is not expected to be below $62.63. The average price could be anything within the region of $66.75 per token.

Ethereum Name Service Coin (ENS) Prediction 2026

There are signals that the crypto industry is approaching a turning point. Certain that the ENS price will rise in the long run since there is still hope that the currency will gain a lot more attention from investors and crypto users. 

In the year 2026, there is a good chance that ENS will record an average price of $98.19. The minimum price of the coin could be $95.62 per token. The highest possible price is projected to be as high as $110.07 per token.

Ethereum Name Service Coin (ENS) Prediction 2027

A long-term investment is definitely the best for the Ethereum Name Service coin, as the forecast for the crypto token from our experienced analysts and experts shows positive growth of the coin in the next five years and going forward.

According to the results of our analysis, the ENS coin has what it will take to reach a maximum value of $164.72 by the end of 2027. The projected minimum price of the coin is expected to be about $139.15 per token, especially if the market gets bullish.

Ethereum Name Service Coin (ENS) Prediction 2028

The Ethereum Name Service (ENS) token had seen rapid price growth in the past. There is no reason why it can't experience such a growth pattern again in the future. We are expected that it will perform excellently in 2028.

As per the actual ENS price forecast for 2028, we can anticipate an average price of $179.1. If all goes according to our expectations, the maximum price of Ethereum Name Service in 2028 might be as high as $187.9, with a minimum price of $170.2.

Ethereum Name Service Coin (ENS) Prediction 2029

Due to the obvious efforts of network developers and community investors, the value of the Ethereum Name Service (ENS) coin will continue to rise in the coming years. As the ecosystem continues to evolve, the price will fluctuate but positive growth will overwhelm bearish trends that may set in from time to time.

In a nutshell, it is very likely that ENS coin will trade at a maximum price level of up to $200.17 in 2029. The estimated average price of the coin will be in the region of $195.4. The minimum price, on the other hand, could be $192.3, depending on how favourable the market gets.

Ethereum Name Service Coin (ENS) Prediction 2030

With increased acceptance and collaborations with other major blockchain networks, Ethereum Name Service is expected to grow significantly even before 2030. It is also expected that the price of its token will skyrocket before 2030.

As per our actual ENS price forecast for 2030, we are looking at a maximum trading price of $250.3 per token. The minimum price is not expected to be anything below $242.5. Investors can expect an average price of $246.59 per token.

Potential Highs And Lows Of Ethereum Name Service Coin (ENS)

The crypto market is extremely volatile, as we've stated multiple times in this article. Every crypto token is unpredictable, and this is the nature of the market. Investors just have to deal with this fact and adopt measures to minimize the risks created by this market volatility.

Considering the nature of the market, we are expecting the Ethereum Name Service coin to experience highs and lows in the subsequent years. These prospective highs and lows are likewise projected to be lower and higher than the previously predicted minimum and maximum values.

For investors and crypto users who plan to invest in Ethereum Name Service ENS coin in the future, you should consider how volatile the asset's price will be in the next years. We'll display the possible high and low prices of the coin in a table to assist you in making smarter judgments.

Year High Low
2022 $22.52 $19.86
2023 $34.32 $29.00
2024 $50.96 $41.00
2025 $73.89 $62.63
2027 $164.72 $139.15
2030 $250.30 $242.50

 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Should You Invest in Ethereum Name Service Coin (ENS)?

Users can always decide whether to invest in a virtual currency or any other valuable digital asset. However, the importance of personal thorough research cannot be overstated. 

Though price predictions are vital, investors and crypto users are always advised to make sure they do their own basic research before choosing any crypto token for their crypto investment. In the light of the above, should you buy ENS coins?

According to the information shown thus far, the Ethereum Name Service coin (ENS) is a potentially profitable investment. The coin has had tremendous growth in the past, and our ENS price predictions suggest that it will do so again in the future. Investing is therefore recommended.

It's also worth noting that the ENS coin has shown indicators of high volatility during the last few years. In addition, there's a likelihood that the price of Ethereum Name Service coin (ENS) may drop in the next years. Investors, therefore, should be ready for anything and also remember to stay updated.

Crypto investment may be a profitable investment but also heavily risky given the volatility of the crypto space. Having a strong mind is of extreme importance for interested investors and crypto users. You must have the stomach for the risks if you must invest in Ethereum Name Service (ENS) tokens.

Where To Buy Ethereum Name Service Coin ENS

The crypto space has recorded significant growth over time, and this has happened over a very short period. This has also given rise to many exchanges and crypto platforms where various crypto tokens can be traded. 

However, where you purchase your digital assets will determine several things, including the fees you will be charged, the time it will take to approve your transactions, as well as how safe or unsafe the transaction will be. In all, the experience you will get will be determined by the platform you choose.

Ethereum Name Service Coin ENS is traded on a variety of cryptocurrency exchanges with other crypto tokens and coins. Although it is not available in all markets, it has been trading on the most recognized exchanges for quite a while. But where should you buy from?

It is not compulsory to buy from some of the biggest exchanges on the market. In fact, it is not advisable to transact regularly on official cryptocurrency exchanges. You have other options, including brokerages and crypto investment apps.

eToro – the Best Place to Buy Ethereum Name Service (ENS) Coin at low Fees

Though various brokerages allow investors to invest in cryptocurrencies, eToro has established itself as one of the most trustworthy brokerages for cryptocurrency trading and investing.

If you're thinking about investing in the Ethereum Name Service ENS coin anytime soon, eToro might be the finest option. The brokerage is one of the first reputable brokerage firms to provide investors with the opportunity to participate in the rapidly rising and lucrative crypto market. It is still one of the most effective platforms available today for crypto trading and investing.

Why exactly should you choose eToro ahead of all other cryptocurrency exchanges, brokerages and platforms? First of all, the platform has the lowest transaction fees available anywhere on the market. 

eToro also provides various benefits to its investors and crypto users. eToro is also user-friendly; regardless of the user's experience, the platform comes in very helpful and supportive for all users.

Ethereum Name Service Price Predictions – Conclusion

The Ethereum Name Service coin ENS has exhibited maximum potential, which has been reflected in its price prediction trajectory, indicating that investors who opt to keep the coin for a long period could reap the biggest benefits from this cryptocurrency.

Though our Ethereum Name Service ENS coin price projection is optimistic, the market is complex and unpredictably volatile. Things may change in the future, but there are various reasons to believe that the value of the ENS coin will rise in the subsequent years. As a result, it could be a profitable asset for long-term investors. It could be a millionaire-maker coin.

There's a chance that the price of the Ethereum Name Service coin will decrease even more in the future, just as there's a chance that it will increase tremendously in the years to come. As a result, investors must understand that their investment may lose value with time.

The crypto market is not a stable market. Therefore investors and crypto users are advised to approach the market with caution and make sure they understand a token and its prospects very well before investing their funds.

eToro – The Best Platform To Buy ENS

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FAQs

Is Ethereum Name Service Coin ENS a profitable investment? 

Yes, Ethereum Name Service coin ENS is a cost-effective investment. Though the price of the ENS coin has been declining recently, our predictions show that it will recover in the near future. If investors can hold the coin for a couple of years, it will almost certainly pay off.

Is Ethereum Name Service coin ENS a good investment for the future? 

Yes, Ethereum Name Service Coin ENS appears to be a promising future investment. The token's value is expected to climb in the future, which means your investment will appreciate over time.

Will Ethereum Name Service Coin ENS price rise? 

Yes, we anticipate an increase in the Ethereum Name Service coin (ENS) price in the coming years. According to our forecasts, ENS price is expected to reach as high as $22.52 before the end of 2022. It may also rise to $34.32 in 2023, $73.89 in 2025, $164.72 in 2027, and $250.3 per token in 2030.

Will Ethereum Name Service ENS Coin reach $50? 

Yes, the Ethereum Name Service coin can reach the $50 mark. However, we do not expect the coin to achieve that feat this year. According to our ENS price forecasts, the coin can reach the $50 mark again in 2024 or 2025 at most.  

Will ENS reach $100? 

According to our algorithmic forecasts, the Ethereum Name Service ENS coin is not far from reaching the $100 mark in the near future. This is due to the coin's influence on the blockchain sector and the solution it provides for smart contract users and everyone in the DeFi space.

What will be the price of the Ethereum Name Service ENS coin in five years' time? 

Ethereum Name Service ENS coin will likely be worth $164.72 per token in the next five years, according to our Ethereum Name Service ENS price projections from our analysts and experts (2027).

What will be the Ethereum Name Service ENS Coin price in the next ten years? 

It isn't easy to forecast the price of a virtual coin over a ten-year timeframe. Based on everything we've learned so far, we can safely predict that the price of ENS Coin will rise up to or more than $300 in the next ten years.

Will ENS Coin crash? 

According to our research, the Ethereum Name Service ENS coin is not classified as a shitcoin, and there is virtually no chance of a crash. The coin is legitimate and will still stand as a dependable digital asset in the coming years.

Is Ethereum Name Service ENS coin a safe crypto asset? 

Yes, ENS is a secure digital asset. There are no critical concerns with the entire Ethereum Name Service ecosystem, and therefore investing in this crypto token is not bad after all.

Is the Ethereum Name Service ENS coin a risky investment? 

The entire crypto ecosystem is naturally volatile. Any crypto investment is considered a dangerous investment. Ethereum Name Service ENS coin is a fluctuating and dangerous digital asset but also has the potential to be extremely profitable.

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