With the latest announcement, ENS Coin price It rose by 5.21 percent in a single 5-minute candle. The price, which rose to $17.7, is related to PayPal opening ENS addresses to all crypto users.
Why Is ENS Coin Rising?
The ongoing rise at the time of writing is related to the integration of ENS wallet addresses with PayPal and Venmo. The press release by ENS Labs states that this feature, which will initially be supported for US customers, will eliminate the confusion of wallet addresses. ENS services are similar to logging in to a website by typing the domain address instead of the IP address. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Numbers are complicated and hard to remember. However, domain addresses are much more memorable. Based on this, Ethereum $2,350.63 Name Service It was launched and enabled the creation of wallet addresses like user.eth. Thus, when users transfer ETH or ETH tokens to someone, they can use the recipient’s ENS name directly instead of addresses consisting of numbers and letters.
With the announcement, we saw the ENS Coin price increase by 5 percent. If BTC does not experience major declines in the following hours, ENS Coin may remain strong.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
