Does ENS coin have potential? Analysis of the future development prospects of ENS currency

The full name of ENS coin is Ethereum Name Service. It was launched on November 9, 2022. It is the native token of the ENS system and is used for governance and voting using treasury subsidies. ENS is a distributed, An open and extensible naming system and the first open source, public blockchain domain protocol. ENS Coin has doubled its growth within a few days of its launch. Does this kind of growth also give investors potential for ENS Coin? We are full of confidence, but with the downturn in the market, the price of ENS currency is no longer beautiful. According to current data, the general return rate of development is only -66.38%. Next, the editor will analyze the future development prospects of ENS currency for everyone.

Does ENS coin have potential?

The potential of ENS coin is average. According to official data, the current price of ENS coin is US$14.28, which is lower than the historical high price of US$85.7939 and lower than the issuance price of US$42.4899. The current investment return is not optimistic and is only - 66.38%. Although there are 42 online exchanges, its circulation is generally 20,244,862 coins. Overall, the current development of ENS coin is average, but the ENS coin was launched late, and its future development remains to be seen.

ENS coins are the internal tokens of the ENS system and are used to pay for domain name registration and renewal. Ethereum (ETH), as the basic public chain, has a key influence on the development of ENS. Important risks that ENS faces in the future may also come from ETH's lagging behind in future public chain competition. However, according to the current ecological development trend, ETH has a high probability of maintaining strong competitiveness.

With the popularity of cryptocurrency and the expansion of application scenarios, the demand for easy-to-remember domain names is also increasing, which will promote the growth of demand for ENS coins. As an innovative blockchain application, ENS Coin's unique technical features and advantages will attract more users and developers.

ENS Coin is leading the domain name system field, but as competition intensifies, the market share may change, which also brings opportunities for investors.

How to buy ENS coins?

Purchasing ENS coins is mainly done at online exchanges. Currently, there are 42 online exchanges such as Oyi, Binance, and Huobi. The following are the details of purchasing ENS coins on Oyi exchanges. Tutorial:

1. Click here to open the official website of OKX Exchange, enter your email on the homepage, click "Register" and slide the slider to the right to complete the puzzle for verification, and then enter the verification received by your email. code, the verification code is valid for 10 minutes

2. Then enter the mobile phone number, click "Verify Now" and enter the six-digit verification code received by the mobile phone. The validity time is the same 10 minutes

3. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

4. When creating a password, you need to have a length of 8-32 characters, 1 lowercase letter, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ %, etc.

5. Click "Personal Center" - "Identity Authentication" to perform different levels of authentication according to different needs (note: video authentication needs to be operated on the APP)

6. You need to have USDT before conducting transactions. You can buy coins for transactions at C2C. Select the appropriate merchant according to your needs, click "Buy", and then follow the prompts to pay and wait for the merchant to release the coins. (If you have not received the currency for a long time, you can contact customer service for processing)

7. Click "Transaction" - "Coin" on the homepage to enter the transaction page

8. Enter ENS in the search box, select the ENS/USDT trading pair, and you can see the real-time market price of ENS

##9 , enter the amount of ENS to buy and click to buy ENS

ENS coin is built on the Ethereum blockchain. There is no centralized control agency and all transactions are executed through smart contracts. And using the security mechanism of Ethereum, all transactions are open and transparent and cannot be easily tampered with or attacked. Overall, ENS coins have certain investment value. However, investment decisions need to comprehensively consider personal risk tolerance and investment goals. Before investing, it is recommended that investors conduct sufficient research and evaluation, and timely observe and analyze market conditions.

The above is the detailed content of Does ENS coin have potential? Analysis of the future development prospects of ENS currency. For more information, please follow other related articles on the PHP Chinese website!