Ethereum Name Service (ENS) has quickly gained traction among Smart Money (SM) investors, with a significant increase in accumulation over the past few days.
ENS now ranks #4 among tokens being accumulated by SM over the last 24 hours. Since September 7, SM investors have purchased a total of 11,260 ENS tokens, valued at approximately $191,100.
ENS is becoming recognized as one of the “Hidden Gems” in the cryptocurrency space, with investors eyeing its potential for growth. More insights on tokens like this can be found through specialized tools such as the GEMs Filter on platforms like icrypto.ai.
In addition to strong interest from Smart Money, ENS has made a major move in mainstream adoption by partnering with payment giants PayPal and Venmo. This integration allows users to send cryptocurrency more easily by entering a recipient’s ENS name in the search field when making transfers. This simplifies wallet management, reduces the risk of transaction errors, and further enhances the appeal of ENS for both everyday users and investors.
The inclusion of ENS in these popular payment platforms is a significant step forward for the project, making crypto transactions more accessible and user-friendly. With the growing adoption of ENS names by major financial platforms, the use case for ENS tokens is expanding rapidly, creating strong bullish momentum in the market.
With Smart Money flowing back into ENS and the recent integration with PayPal and Venmo, the Ethereum Name Service is positioned to become a key player in simplifying crypto payments and driving further adoption in the DeFi ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: itchaznong/123RF // Image Effects by Colorcinch
Analysts Forecast Major Price Gains for Cardano and IntelMarkets; Tron Hits Another Milestone The Tron…
ADA Whales Bullish on Hybrid TradFi Token as Presale Erupts Past $2.6M; XRP Shows Strength…
The price of Bitcoin has remained stable at around $59K in the past 24 hours.…
In the cryptocurrency market, known for its extreme volatility, token prices can vary dramatically. The…
Qubetics Presale Ready to Redefine the Future While Arweave Price Decline and Theta's Rapid Trading…
Last week saw significant shifts in Smart Money accumulation trends. Notably, $TURBO has now joined…