Ethereum

Cryptocurrency

Ethereum Name Service

In a recent development in the cryptocurrency market, the Ethereum Name Service (ENS) altcoin price experienced a significant increase following a statement made by Ethereum founder Vitalik Buterin.
ENS price initially increased by over 40%, but with the correction, at the time of writing this article, ENS price is trading at a 14% higher level in the last 24 hours.
Buterin's statement praising the ENS ecosystem appears to have been a catalyst for this sudden rise in price. Buterin emphasized the importance of all Layer 2 solutions (L2s) running on reliable, merkle-proof-based Cross-Chain Interoperability Protocol (CCIP) resolvers. According to Buterin, this will enable ENS subdomains to be registered, updated and read directly on L2s.
Related News: <a href="https://en.bitcoinsistemi.com/options-data-released-cryptocurrency-traders-focus-on-this-price-level-for-late-january/" target="_blank" rel="noopener noreferrer nofollow">Options Data Released: Cryptocurrency Traders Focus on This Price Level for Late January</a>
<figure id="attachment_130813" aria-describedby="caption-attachment-130813" style="width: 100%" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" class="size-full wp-image-130813" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/01/ENS_7D_graph_coinmarketcap.png" alt="" width="928" height="495">
 <figcaption id="caption-attachment-130813" class="wp-caption-text">
 Graph showing the rise in ENS price after Buterin's statement.
 </figcaption>
</figure>
Buterin said in his statement, “All L2s should be running on trustless, merkle-proof based CCIP resolvers, so we can make ENS subdomains registerable, updated and readable directly in L2s. ENS is very important, it needs to be affordable!” said.
The ENS altcoin, which was once traded above $85, is at $11.69 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-founder-vitalik-buterin-makes-a-surprising-move-he-praised-this-altcoin-spurring-a-surge-in-price/" rel="noopener noreferrer nofollow">Ethereum Founder Vitalik Buterin Makes a Surprising Move: He Praised This Altcoin, Spurring a Surge in Price</a>

Ethereum Founder Vitalik Buterin Makes a Surprising Move: He Praised This Altcoin, Spurring a Surge in Price

Bitcoin Sistemi EN

Other articles published on Jan 3, 2024

Bonk Price Prediction as BONK Dumps 10% – Can It Bounce At Key $0.0000125 Support?

Bitcoin Price Prediction: Saylor Sells Stocks, CleanSpark’s New Desk

Sonic the Hedgehog’s Lego Journey Expands with New BrickHeadz Sets for Shadow and Knuckles

ETH Price Prediction January 2024: As Crypto Market Takes Off, Can These Two Tokens Outperform Et...

Why Early Bitcoin Adopters Think Pushd Could Be the Next Big Thing Over Solana

Filecoin Price (FIL) Rose 57%; Is It a Good Pick for Long Term?

Join our free newsletter for daily crypto updates!