Ethereum Name Service Price Prediction: ENS Is Top Gainer With 12% Pump As Spot ETH ETFs Launch And Experts Say This SHIB 2.0 Might Explode

The
Ethereum
Name
Service
price
surged
12%
in
the
last
24
hours
to
trade
at

$29.28
as
of
5
a.m.
EST
on
trading
volume
that
skyrocketed
121%
to
$289
million.

While
many
cryptos
among
the
top
100
largest
by
market
capitalization
are
trading
in
the
red,
the
ENS
price
pumped
on
the
back
of
the
launch
today
of
spot
ETH
ETFs
(exchange-traded
funds)
in
the
US.

The
surge
made
ENS
the
top
gainer
among
the
biggest
100
cryptos
by
market
cap.

Even
Ethereum
itself
is
down
0.53%
in
the
last
24
hours,
with
some
experts
speculating
that
ENS
is
outperforming
it
because
it
is
a
cheaper
alternative
to
ETH.

ENS
is
a
project
that
converts
Ethereum
addresses
into
a
human-readable
form,
turning
a
string
of
letters
and
numbers
into
something
that
people
can
read
and
memorize.

The
project
has
been
around
for
years,
and
its
services
have
become
highly
required
by
all
those
seeking
to
simplify
the
use
of
ETH-based
coins
and
tokens.

Ethereum
Name
Service
Price
Prediction

The
Ethereum
Name
Service
price
participated
in
other
smaller
rallies
that
took
place
recently,
een
seeing
a
much
larger
surge
at
the
start
of
July.
Since
then,
its
price
was
mostly
held
by
a
support
at
$25,
while
it
attempted
to
breach
resistance
at
$28.

However,
it
was
unsuccessful
until
today,
when
the
current
surge
pushed
it
up
beyond
this
barrier.
It
is
still
unclear
whether
the
token
managed
to
fully
breach
it
or
if
it
will
see
a
correction
in
hours
to
come,
but
several
technical
indicators
show
strong
bullish
sentiment
associated
with
the
token
right
now.

The
project’s
Bollinger
bands,
for
example,
have
seen
a
major
widening
earlier
today,
only
to
suddenly
narrow
as
the
price
started
to
briefly
correct.
However,
a
new
wave
of
buyers
stopped
the
correction,
causing
the
price
to
surge
once
again,
and
the
second
price
increase
pushed
the
upper
band
up.

Meanwhile,
the
token’s
Relative
Strength
Index
(RSI)
value
entered
the
overbought
zone
earlier
today,
only
to
see
a
drop
to
the
neutral
zone
once
some
traders
moved
in
to
take
profit.
However,
as
soon
as
the
RSI
dropped
to
50,
a
new
wave
of
buyers
moved
in
to
buy
the
dip,
pushing
the
RSI,
as
well
as
the
price,
back
up.

The
project’s
price
is
currently
rapidly
approaching
the
resistance
at
$30,
and
if
the
current
momentum
persists,
it
might
finally
breach
this
barrier
for
the
first
time
since
it
corrected
on
July
4.

However,
with
rapid
surges,
and
the
RSI
once
again
in
the
overbought
zone,
it
is
quite
likely
that
the
token
could
lose
its
momentum
and
see
a
strong
correction
instead,
especially
since
it
trades
against
the
market,
which
is
currently
in
the
red.

With
that
in
mind,
traders
should
proceed
cautiously,
as
this
is
a
very
volatile
period
for
ENS.

Promising
Alternatives
to
Ethereum
Name
Service

While
the
future
of
the
ENS
price
remains
to
be
seen,
there
are
alternatives
worth
considering
that
are
arguably
currently
more
attractive
for
a
number
of
reasons.

One
such
project
is

Shiba
Shootout
(SHIBASHOOT).
Not
only
is
the
token
in
presale,
making
it
immune
to
the
current
market
volatility
for
the
duration
of
the
ICO,
but
popular
YouTube
channel
Cryptonews
has
speculated
that
the
project
might
have
100x
potential
after
launch.

Shiba
Shootout
is
a
Shiba
Inu-inspired
meme
coin
with
a
P2E
game.
It
places
the
popular
dog
coin
into
a
Wild
West
setting,
which
is
also
where
its
game
will
take
place.

Players
will
be
able
to
encounter
multiple
characters,
such
as
Marshal
Shiba
and
Shiba
Sharpshooters,
while
they
explore
the
town
of
Shiba
Gulch
and
outgun
others.

With
a
basic
version
of
the
mobile
game
available
on

Google
Play
and
the

Apple
App
Store,
Shiba
Sharpshooter
will
soon
receive
a
huge
Web3
update
that
allows
users
to
earn
its
utility-packed
native
token,
$SHIBASHOOT.

Shiba
Shootout
is
a
project
that
treats
the
crypto
industry
as
the
Wild
West
frontier,
ripe
for
exploration
and
full
of
opportunities.
Also,
being
a
meme
coin,
and
one
named
after
Shiba
Inu,
no
less,
holds
great
potential
for
its
future
price,
since
Shiba
Inu
is
expected
to
be
one
of
highest
earners
during
the
next
big
crypto
rally.

If
you
would
like
to
join
investors
who
have
already
socked
$736k
into
the
project,
you
can
buy
SHIBASHOOT
tokens
now
for
only
$0.0196
apiece.
With
a
price
hike
due
in
about
22
hours,
don’t
wait
too
long
or
you’ll
miss
the
best
price.

Visit
the
official
SHIBASHOOT
website.to
buy
tokens
here
with
ETH,
USDT,
BNB,
or
credit/debit
cards.

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