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Cryptocurrency Market Capitalization Trends and the emergence of the name of Ethereum (ENS) **
The world of cryptocurrencies has registered rapid growth and development and development in recent years, with new alarming players in the market. One of the driving forces behind this growth is the growing acceptance and recognition of several cryptocurrencies by conventional institutions and individuals. Several cryptocurrencies have achieved considerable attention and traction, including the name service Ethereum (ENS).
What is ess?
The Name Ethereum Service (ENS) is a decentralized social network for the Ethereum block chain. It allows users to create and administer their own clear names, such as the user name addresses of GitHub or E -Mail, and are linked to their Ethereum accounts. This concept was particularly popular among developers, artists and other creative people who want to present their work without being connected with their traditional digital identities.
Cryptocurrency Market Capitalization Trends
Market capitalization trends of several cryptocurrencies have increased in recent months. According to CoinmarketCap data, a leading cryptocurrency price tracker:
- Bitcoin (BTC) registered its market capitalization of around 180 billion US dollars in early 2021 to more than 500 billion dollars.
- Ethereum (ETH), one of the largest and most popular cryptocurrencies after market capitalization, has grown from around $ 130 billion to early 2021 to more than 220 billion dollars today.
- Other main actors such as Cardano (ADA) and Solana (Sol) have registered significant growth.
MARKET CAPITALIZATION TRENDS: ES -Specific
Market capitalization trends are particularly interesting in relation to the name of the name Ethereum (ENS). According to the data of the TES, the total value that is blocked on the network has constantly increased over time:
- In the first quarter of 2022, Ens had a total value in the network of around 100 million US dollars.
- In the second quarter of 2022, this number increased to around 200 million US dollars, which was a significant increase in market capitalization.
- Since the second quarter of 2022, the total value of total value has reached more than 400 million US dollars.
Ascension of the Ethereum name service (ESE)
The increase in ENGs can be attributed to several factors. An essential promoter is the growing introduction of decentralized social networks and identity exam services between developers, artists and other creatives. In addition, the growing popularity of Ethereum Blockchain as a platform for decentralized applications (DAPPS) has created new opportunities for users to create and manage their own unique names.
Another factor that contributes to the success of EES is the focus on scalability, safety and user experience. ENS offers a series of functions with which users can easily administer their digital identities, including the possibility of transferring ownership of existing user names to other users or even selling them in the open market.
Diploma
The emergence of the Name Ethereum Service (ENS) is an important tendency in the world of cryptocurrencies. With the focus on scalability, safety and user experience, EES is well positioned to use the growing demand for digital identities.
Recommendations
If you are interested in investing or exploring the world of cryptocurrencies, including the Ens, you will find some recommendations here:
* Create your research : Before investing in a cryptocurrency or a decentralized application (DAPP), be sure to carry out an exhaustive investigation and understand the associated risks.
* Diors Its portfolio : extends its investments in a series of cryptocurrencies and investment classes to minimize the risk.
