ENS opposes market trend amid domain registration deceleration- Here’s ‘how’

📆 09/10/2022 11:35 p. m.
📰 CryptoAmb

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Ethereum Name Service [ENS] registered over 20% gains in the last seven days, drifting away from the trend recorded by most cryptocurrencies. Trading at $14.29 on 3 October, the 98th-ranked cryptocurrency surged as high as $17.63 on 7 October. Despite slight decreases, ENS still registered a price increase in the last 24 hours with a 2.86% […]

As of this writing, ENS had 578,856 participants. Of the 2.86 million registered names, 412,785 were primary names, not sub-domains. Interestingly, these numbers meant that the ownership momentum had notably slowed down.

For October, Dune showed that there had been 80,223 registered domains among 7490 addresses. At the current momentum, ENS may not be able to meet up with September numbers except there is a speed-up in the domain accumulation.On the four-hour chart, it was likely that ENS might not hold the current greens for long. According to the Moving Average Convergence Divergence sellers were beginning to take at 0.36 over the strength from sellers at 0.31.

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