ENSUSDT 1D ENS price perspective +80% growth in the coming weeksToday we will talk about the price prospects of the ENSUSDT trading pair
Ethereum Name Service is not a company but an open-source project that calls itself “an open public utility that belongs to the company.” Essentially, it aims to become a piece of infrastructure as vital to Web3 (to whom the laurels of the prospects of the coming years are given) as DNS is to the internet.
ENS is the governance token of Ethereum Name Service and is used to govern the protocol and influence decisions on pricing its .eth addresses and the price oracle.
Taking into account the information hype surrounding the transition of ETH from PoW to PoS in mid-September , the ENS price will also directly depend on these changes.
It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in supply affects the growth of the price according to the laws of economics.
By the way, here we have an actual idea for the ETHUSDT trading pair
On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by 480% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 2 months, and this is in the current sluggish market.
By the way, the actual idea of ETCUSD is below
Summarizing:
It is difficult to predict the ENSUSDT price, taking into account the indirect dependence on the ETHUSD price, because it is not fully known how market speculators will react to the transition from PoW to PoS
Even in general, the crypto market has not fully embraced which trend him chose
However, the information hype around the word "Ethereum", which is also in the name of the ENS token , can play the role of "a trump card" and cause rapid growth to the region of $25
And if the market trend clearly changes to growth, then the target of $40 will become even more realistic
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