ENSUSDT trade ideas
ENS Org Fires its Ops Director. How Did it Affect its Price?True Names Limited (ENS-based Non-Profit) fires its operations director. What kind of impact did it have on ENS's price?
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From CoinDesk:
www.coindesk.com
Over the weekend the Ethereum Name Service (ENS) community voted to remove Brantly Millegan as a steward because of a tweet he posted in 2016 that recently resurfaced. He will also be removed from his position as director of operations of the decentralized autonomous organization's (DAO) corresponding legal entity True Names Ltd.
In the tweet, Millegan wrote that “homosexual acts are evil. Transgenderism doesn’t exist. Abortion is murder. Contraception is perversion. So is masturbation and porn.”
ENS gives the ability to point a domain name to a wallet. Users would be able to go to a .eth domain name as opposed to a complex wallet address. Domains can be traded as non-fungible tokens (NFT). There are over 675,000 registered names, according to ENS.
“Practically, it means that you can have a name that you own, that has all the decentralization and censorship resistance and programmability of Ethereum,” Millegan told CoinDesk in 2020 in describing the project.
Millegan hasn't apologized for the tweet, citing his religious beliefs.
In a post on Discord, he reaffirmed his beliefs and said he’s open to working with and being friends with a wide range of people. He also said that traditionally minded Christians, Muslims and Jews should not be excluded from Web 3 – and he has received messages of support from those who self-identify as being traditional followers of these religious groups.
As of late Sunday Pacific time, community delegates from the ENS DAO voted to remove Millegan from his position with a majority voting in favor.
But the vote wasn’t unanimous, with some delegates warning about the dangers of "cancel culture" or the irony of a decentralized service centralizing around the voice of one person.
“Brantly contributed to ENS success and deserves to be here. I respect the fact that he stands by his words and doesn’t pull the usual 'It was four years ago, I’m different now, blablabla,'” wrote "victorstark" in the discussion thread. “Woke and cancel people are more toxic than Brantly ever could be, pure herd mentality at work.”
Nick Johnson, founder and lead developer of ENS, said mid-Monday Asia time that Brantly would also be removed from the DAO's corresponding legal entity.
"Brantly has been a valued team member of TNL for the past three years. However, as a team we felt that his position with TNL is no longer tenable," Johnson said in a Twitter thread. "Many of you were hurt by Brantly's comments over the past 24 hours, and we strongly believe that ENS should be an inclusive community. Going forward we'll continue to do everything we can to ensure that remains the case."
Johnson did not respond to a request for comment from CoinDesk. Brantly has yet to make a new statement on this development.
The ENS token is up 4.5% to $20.76 at the time of this writing, according to CoinMarketCap.
ENS tokens about to be dumped hardMain ENS developer went live Saturday night tripling down that gay people are evil. No regrets. Brantley ends up being one of the largest holders of ENS, this will not end well. The community will dump, or the community will dump him and he well dump. Lose lose situation.
ENS entering accumulation phase? or are we going to see more lowIs ETH NAME SERVICE token entering accumulation phase or are we going to tank down to $5 since it serves no purpose other than Governance?
We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022
Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22
It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages.
This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.
Where is the #DAO # ENS on rocky ground ENS is on rocky ground...if this slide continues then goes to sub $10.00
While an exciting premised to bring web3 to the "world" by decentralised naming for wallets and websites. The recent twitter identity crusade may very well handicap the protocol plans at the individual level.
ENS (dns Web 3.0 version) ENSUSDT analysis📈📉❇️Hello Crypto community Welcome to my new introduction for another high potential project.
Ethereum Name Service(ENS) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. Users can register ETH names native to ENS or import in DNS domain names they already own, which they can use as their cross-platform web3 username and profile, one name for all of their crypto addresses, and as a decentralized website.
$ENS is also the governance token of the ENS DAO , which manages the treasury and key parameters of the ENS protocol.
sources: coinmarketcap-ens.domains
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📈📉 TECHNICAL
As you can see on the daily timeframe for ENS/USDT , It is trading about $22.57 right now.
after reaching its ATH for the second time , by forming a double top pattern it has been beated again and since November it faced by selling orders pressure that is continuing decline , we can imagine a falling wedge for it which after a valid break out it can rise again to resistance areas. but take it in mind ens is a ethereum token and directly depended to situation of ETH , and it hasn't any specific strong support level yet and maybe its fall continue till we have green market for ETH and ETH.D
🛑resistance level: $ (45-49)- $(67-70)
🆚pivot zone: (26 -29)$
❇️support level: $ 22 & $16
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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