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Yesterday, the price of ENS Coin continued to stay green following a share by Vitalik Buterin, and it seems that the recent uptrend in BTC prices could signal an even bigger surge. So, what are the expectations for ENS Coin? We share with you the current price predictions and chart analysis.
ENS Coin Commentary
Yesterday, ENS Coin was the altcoin that attracted the most interest among Turkish cryptocurrency investors. The altcoin saw a significant increase in volume and rose as a result of Vitalik Buterin’s praises. The founder of Ethereum made positive comments about the future of ENS naming services. Ethereum Name Service, which turns complex wallet addresses into meaningful domain-like names, has seen immense interest for a while.
Interest multiplied during its airdrop period, and the days when four-digit domain NFTs were highly sought after seem like yesterday. Now, ENS Coin is gearing up for a new bull season. Moreover, this time with the open support of Vitalik Buterin, it has much more growth potential.
We can see that significant steps have been taken to make ENS, widely used in the Ethereum ecosystem, even more popular and widespread. This would mean an even greater increase in the price of ENS Coin.
ENS Coin Price Predictions
The price of the popular cryptocurrency had fallen to an $8 support during the BTC decline yesterday. However, about an hour later, Vitalik made that well-known share, and we saw a rapid rise to $14.9.
Investors who bought at the $8 low and sold around $15 made a 85% profit in just a few hours. This is common in bull markets, but such a rise was really impressive while BTC was eroding by up to 8%.
Today, the price climbed to the $16.38 region and is maintaining an upward trend by keeping $14.92 as a short-term support. Moreover, considering the positivity in BTC prices, targeting new peaks could be possible if current conditions persist.
On the weekly chart, the key region is $18.36. If the ENS Coin bulls can close above this, it could climb to $20.5 and $27.63.
