Ethereum Name Service (ENS) is a token that recently entered the Top 100 cryptocurrencies by market cap. It is an open, distributed, and extensible naming system developed on top of Ethereum. ENS allows users to convert readable Ethereum addresses into machine-readable codes. This is done in order to make Ethereum-based web easier for navigation by users. Because of that and the potential of the project, we wanted to share with you our Ethereum Name Service (ENS) price predictions/forecasts for the years 2022-2030.
KEY TAKEAWAYS
- Ethereum Name Service (ENS) used to be part of the Ethereum Foundation up until 2018.
- According to our technical analysis, Ethereum Name Service (ENS) will reach a price point of $35.82 in 2025.
- In Q2 of 2030, Ethereum Name Service (ENS) will reach $47.07.
Make sure to also check out our FAQ section below.
Over the past week, the price of Ethereum Name Service (ENS) remained around $17.37. The circulating supply is 20.24 million tokens. The market cap went up to $351.58 million.
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Ethereum Name Service (ENS) Price Prediction 2022-2030
Ethereum Name Service’s future price is difficult to predict as it is reliant on a number of factors, including the performance of the Ethereum Name Service network, global economic conditions, the stock market, and the price of other cryptocurrencies.
However, if Ethereum Name Service continues to grow as a project at its current rate, it is possible that the price evaluation for ENS could easily go back to its past prime and probably even surpass it.
Keep in mind that these are mainly speculations, although supported by facts and some fairly solid factors. With that being said, let’s head on to the interesting part.
2022 – Ethereum Name Service (ENS) Price Prediction
Some of the financial industry’s top names have lent their weight to Ethereum Name Service’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrencies in general.
According to that and to Ethereum Name Service’s performance over the past year, it may achieve a tremendous boost by this year’s end and go over the price point of $22.35.
More precisely, we expect the price of ENS to move between $22.24 and $22.52.
2023
Many analysts have made Ethereum Name Service’s price predictions for 2023, and the general consensus is that the price of Ethereum Name Service will continue to rise. This is based on a number of factors, including the increasing use of the Ethereum Name Service blockchain, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Ethereum Name Service will be in 2023, most experts agree that it has the potential to reach new heights. More realistically, we can expect the price of Ethereum Name Service to drop a little and then reach $24.59 – $26.66 by the end of 2023.
2024
If the growth of Ethereum Name Service continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible in order to not misguide you.
According to our technical analysis, by the end of 2024, the price of Ethereum Name Service will reach at least $30. If we let ourselves be a bit more speculative, we’d raise it to $31.73.
2025 – Ethereum Name Service (ENS) Price Prediction
According to many Ethereum Name Service enthusiasts and their price predictions, ENS prices may rise dramatically in the trading range between $34.27 and $34.86.
Keep in mind that this could also be the year when we see another bear market, in which scenario the price can drop by up to 80%, resulting in a price evaluation for ENS at around $7.29.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, the idea of ENS as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Ethereum Name Service network can significantly expand and develop. In that case, prices may even go as high as $35.82, but that is quite ambitious.
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2026
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Ethereum Name Service. Although many analyze and believe that by 2026 the price of ENS will be at least $36.22, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. According to our analysis, Ethereum Name Service will be evaluated at anywhere between $36.83 and $37.26.
2027
As the years go by and Ethereum Name Service continues its expansion and proves its utility, we can easily see it growing in the evaluation as well.
By that, we mean that ENS will be evaluated at around $38.97 – $39.69. Through technical analysis, it appears that the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
2028
In 2028, if Ethereum Name Service comes out with new projects and experiences further adoption, we can see it potentially reaching a price of $41.28 – $43.52.
Hopefully, the project will continue to develop and attract even more crypto users; otherwise, it is possible that it will lose most of its value by 2028.
2029
For the last year of the decade, numbers show that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, Ethereum Name Service will be moving from around $43.88 to $44.25 easily, although we can also see it reaching the price point of $44.92.
2030 – Ethereum Name Service (ENS) Price Prediction
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about eight years into the future.
Some experts have forecast that Ethereum Name Service’s price could reach up to $47.07 by 2030. This would be a significant increase from its current price. However, it is important to remember that Ethereum Name Service is growing, and so is its adoption rate, utility, and potential. Thus, a conservative approach might be more accurate only for the first half of the decade.
ALSO READ: “Ethereum (ETH) Price Prediction”
Ethereum Name Service (ENS) Price Predictions 2022-2030 – Table
| ENS Price Prediction | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 Price Prediction | $7.67 | $22.24 | $22.52 |
| 2023 Price Prediction | $18.24 | $24.59 | $26.66 |
| 2024 Price Prediction | $21.59 | $30 | $31.73 |
| 2025 Price Prediction | $7.29 | $34.27 | $35.82 |
| 2026 Price Prediction | $28.74 | $36.83 | $37.26 |
| 2027 Price Prediction | $32.25 | $38.97 | $39.69 |
| 2028 Price Prediction | $38.83 | $41.28 | $43.52 |
| 2029 Price Prediction | $29.13 | $43.88 | $44.92 |
| 2030 Price Prediction | $33.92 | $44.62 | $47.07 |
Conclusion
Taking all of the above into consideration, it would appear that ENS is a very promising investment. Thus the price predictions for ENS are exceptionally positive, mainly because the token does have a lot of potential.
Of course, as with any investment, there is no guarantee that ENS will reach the predicted price points. However, if you are looking to invest in cryptocurrency, ENS is definitely worth considering.
We will keep an eye on the development of Ethereum Name Service and how it performs. Its potential, in tandem with our price predictions, makes us keen to see what lies in the future for Ethereum Name Service.
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