Despite the recent challenges in the cryptocurrency market, Ethereum Name Service (ENS) has experienced a notable surge, increasing by 70% in the past week. This remarkable growth contrasts sharply with the overall bearish trend observed throughout 2023. Investors are now questioning whether ENS could be the symbol of recovery rising from the aftermath of the crypto crash. As of this writing, ENS is trading for $24.6,3 down nearly 4% in the last 24 hours, data from Coingecko shows. The project has a market capitalization of $761 million, with a 31 million ENS supply in circulation. Related Reading: Chainlink Rises 17% – Is LINK On Course To Hit $20 This Week? Ethereum Name Service: From Frozen Depths To Soaring Heights Just months ago, ENS lay buried under a blanket of fear, uncertainty, and doubt. Battered by a prolonged crypto winter and regulatory chills, it slumped to a five-year low in June 2023. Yet, as the new year dawned, a thaw set in. Fueled by a surge of market confidence and a 50% price increase triggered by the recent approval of Spot Bitcoin ETFs, ENS began a relentless climb, sh ..
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