Home / Price Predictions / Ethereum Name Service Price Prediction 2025: Namechain Hints at Bright ENS Price Future

Ethereum Name Service Price Prediction 2025: Namechain Hints at Bright ENS Price Future

Last Updated
Peter Henn
Last Updated
By Peter Henn
Edited by Ryan James

Key Takeaways

The Ethereum Name Service’s ENS token had a tough time in 2023, dropping to an all-time low in October as the market slumped following the United States Securities and Exchange Commission (SEC) announcing it was suing the Binance and Coinbase exchanges.

However, it performed well in 2024, rising as speculation about a potential Ethereum (ETH) exchange-traded fund saw its price shoot up before it dropped not long after the SEC approved ETH ETFs.

One of our previous ENS price predictions from June 20 last year, when the token was worth about $25. suggested it could reach $30 by the end of 2024.

In November, the platform announced it was working on its own layer-2 scaling solution, Namechain . This boosted the price to above $30, meaning that our past prediction was born out.

On Jan. 20, 2025, ENS was worth about $35.90.

Let’s now look at our price predictions for Ethereum Name Service, made on Jan. 20, 2025. We will also examine the ENS price history and talk a little about what ENS is and what it does.

Ethereum Name Service Price Prediction

Here are the Ethereum Name Service price predictions from CCN on Jan. 20, 2025. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.

Minimum ENS Price Prediction Average ENS Price Prediction Maximum ENS Price Prediction
2025 $30 $50 $66
2026 $40 $70 $90
2030 $60 $100 $150

Ethereum Name Service Price Prediction 2025

By 2025, ENS is expected to continue benefiting from its adoption in the decentralized domain name space, with increasing integration in blockchain applications. The bullish momentum indicated by current Elliott Wave projections could see strong resistance at $66, while market downturns or lower adoption rates might pull the price closer to $30.

Ethereum Name Service Price Prediction 2026

In 2026, broader crypto adoption and a potential bull cycle could elevate ENS further, pushing the average price to $70. However, market corrections and challenges in maintaining growth momentum could create a floor around $40, while optimistic scenarios driven by expanded utility and partnerships might drive prices toward $90.

Ethereum Name Service Price Prediction 2030

By 2030, ENS has the potential to become a critical part of Web3 infrastructure as the demand for decentralized domains grows, pushing the price closer to $100. With a mature market and possible mainstream adoption, the max price could reach $150, though bearish scenarios stemming from regulatory changes or competitive challenges might limit the price to $60.

Ethereum Name Service Price Analysis

ENS appears to have completed corrective Wave Four within an Elliott Wave structure, finding strong support at $30.28 (0.786 retracement) near the descending triangle’s lower boundary. A breakout above $35.42, the triangle’s resistance, signals bullish momentum and the start of Wave Five.

Ethereum Name Service Price Analysis
ENS is the final wave of a five-wave pattern | Credit: Nikola Lazic/TradingView 

The RSI shows recovery but remains neutral, suggesting potential for a sustained rally. Targets include $41.96, $50.28, $59.46, and $66 as key levels in the impulsive structure. A pullback to $30.28 could provide a reentry opportunity.

Ethereum Name Service Short-term Price Prediction

Wave Five is forming, with sub-Wave One developing. A retracement to$30.28 could offer accumulation opportunities for bullish traders.

Ethereum Name Service Short-term Price Prediction
ENS needs to stay above $30.28 | Credit: Nikola Lazic/TradingView 

Wave Three is expected to extend toward $50.28, followed by Wave Four consolidating and  Wave Five targeting $59.46 and potentially $66.00. The RSI supports continued upward momentum, but the Ethereum Name Service price prediction for the next 24 hours depends on whether ENS can reach $30.28. If it doesn’t, that would invalidate the bullish setup.

Ethereum Name Service Average True Range (ATR): ENS Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

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A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

ENS ATR
ENS ATR | Credit: Peter Henn/TradingView 

On Jan. 20, 2025, Ethereum Name Service’s ATR was 3.47, suggesting relatively high volatility.

Ethereum Name Service Relative Strength Index (RSI): Is ENS Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

ENS RSI
ENS RSI | Credit: Peter Henn/TradingView 

On Jan. 20, 2025, the Ethereum Name Service RSI was at 54, indicating somewhat bullish conditions.

CCN Strength Index

The CCN Strength Index combines a range of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.

Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.

  • 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
  • 25 to 35: The price tends to move within stable bounds with minimal volatility.
  • 36 to 49: Assets begin a stable uptrend but without strong surges.
  • 50 to 59: Consistent growth with moderate price advances, building momentum.
  • 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.

The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.

However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.

On Jan. 20, 2025, Ethereum Name Service scored 34.1 on the CCN Index, suggesting weak momentum.

ENS CCN Index
ENS CCN Index | Credit: CCN

Best Days and Months to Buy Ethereum Name Service

We examined the ENS price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy Ethereum Name Service.

Time to Buy ENS Best Days, Weeks, Months and Quarters
Best Day Wednesday
Best Week 21
Best Month January
Best Quarter First

Ethereum Name Service Price Performance Comparisons

Ethereum Name Service is a token based on the Ethereum blockchain. So, let’s compare how it’s done over the last 12 months with other Ethereum tokens and ETH itself.

Current Price One Year Ago Price Change
ENS $35.90 $20.03 +79.2%
ETH $3,375 $2,489 +35.5%
OP $1.80 $3.22 -44%
LINK $25.70 $16.53 +55.4%.

Advantages and Disadvantages of Ethereum Name Service

CCN’s Senior Research Analyst, Toghrul Aliyev, examined Ethereum Name Service and found its advantages and disadvantages.

Advantages of Ethereum Name Service

  • ENS Makes Blockchain More User-Friendly: ENS reduces transaction errors and makes the blockchain more accessible to non-technical users. A misspelling or mistyping a long, complex wallet address can lead to lost funds, but ENS’s easy-to-remember domain names prevent this.
  • Cross-Platform Use: An ENS domain like “ccn.eth” can be used for receiving payments, hosting decentralized websites, interacting with smart contracts, logging into dApps, managing tokens, supporting cross-chain interactions, creating subdomains, linking to social media profiles, facilitating secure messaging, and managing IoT devices.
  • Decentralization: ENS operates on the Ethereum blockchain, which ensures security, censorship resistance, and immutable records. In contrast, traditional domain name systems like DNS rely on a centralized structure. DNS is controlled by authorities such as ICANN, which manage and regulate domain names. While centralized control allows for easier management and regulatory compliance, it also enables authorities to censor or revoke domain names. ENS, due to its decentralized nature, prevents any single entity from making such changes. It provides clear ownership through tokenized assets and reduces attack risks.

Disadvantages of Ethereum Name Service

  • Usability Concerns: ENS could be difficult for non-technical users, making it potentially less accessible and user-friendly for the general public.
  • Namespace Collisions ENS employs a hierarchical naming system, organizing domains in a tree-like structure with various levels. Popular or generic domain names like “shop.eth” often attract multiple interested parties, sparking disputes over ownership. The lack of a central governing body in ENS creates significant challenges in fairly resolving these conflicts and determining rightful ownership of high-demand names. While a first-come-first-served policy is commonly used, it may not always lead to fair or optimal name allocation. Additionally, conflicts can emerge between ENS names and established trademarks, further complicating the situation. The problem is exacerbated by speculation and squatting, where individuals register valuable names solely for resale, limiting availability for genuine users. Lastly, the subjective nature of determining who truly “deserves” a name adds another layer of complexity to the resolution process.

ENS Price History

Now, let’s examine the price history of the Ethereum Name Service. Although it is important to remember that past performance does not indicate future results, knowing what the token has done in the past can give us some useful context when making or interpreting an ENS price prediction.

Ethereum Name Service Price History
Ethereum Name Service price history for the last 12 months | Credit: CoinMarketCap 

 

Time Period Ethereum Name Service Price
Last week (Jan. 13, 2025) $32.51
Last month (Dec. 20, 2024) $38
Three months ago (Oct. 20, 2024) $19.40
One year ago (Jan. 20, 2025) $20.03
Launch price (Nov. 9, 2021) $33.66
All-time high (Nov. 11, 2021) $85.69
All-time low (Oct. 19, 2023) $6.70

ENS Market Cap

The market capitalization, or market cap, is the sum of the total number of ENS in circulation multiplied by its price.

Ethereum Name Service Market Cap
Ethereum Name Service market cap for the last 12 months | Credit: CoinMarketCap 

On Oct. 29, 2024, Ethereum Name Service’s market cap was $1.27 billion, making it the 87th-largest crypto by that metric.

Who Owns the Most Ethereum Name Service (ENS) Tokens?

On Jan. 20, 2025, one wallet held more than 50% of the supply of ENS.

Richest ENS Wallet Addresses

As of Jan. 20, 2025, the five wallets with the most ENS  were

  • 0xd7a029db2585553978190db5e85ec724aa4df23f. This wallet held 51,338,145 ENS, or 51.34% of the supply.
  • 0xfe89cc7abb2c4183683ab71653c4cdc9b02d44b7. This wallet held 9,856,036 ENS, or 9.86% of the supply.
  • 0x245445940b317e509002eb682e03f4429184059d. This wallet held 8,353,531 ENS, or 8.35% of the supply.
  • 0x690f0581ececcf8389c223170778cd9d029606f2. This wallet held 3,486,576 ENS, or 3.49% of the supply.
  • 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 3,000,000 ENS, or 3% of the supply.

Ethereum Name Service Supply and Distribution 

Supply and Distribution Figures
Total Supply 100,000,000
Circulating supply as of Jan. 20, 2025) 35,364,242 (35.36% of total supply)
Holder distribution Top 10 holders owned 83.05% of the total supply as of Jan. 20, 2025

From the Ethereum Name Service Whitepaper

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.ENS maps human-readable names like ‘Alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.

Ethereum Name Service (ENS) Explained

To either send or receive cryptocurrency, you need a wallet. Something that can make a wallet difficult to use and, by extension, could potentially put people off using crypto, therefore making it harder for blockchain-based finance to gain mainstream approval, is the wallet address.

Wallet addresses are usually a long string of letters and numbers, which can be hard to remember. The Ethereum Name Service  is a protocol that aims to turn wallet addresses into short, easy-to-remember user names.

See it as the equivalent of how the Domain Name Service (DNS) transforms websites’ IP addresses into something a bit more readable, only for crypto wallets, and you’re on the right track.

The Ethereum Name Service, which was set up in 2017 by New Zealand-based developer Nick Johnson, is supported by its native token, known as the ticker handle ENS. Cryptocurrency only started trading in the open market in November 2021.

How ENS Works

The Ethereum Name Service is, perhaps obviously, based on the Ethereum (ETH) blockchain. However, it can work across other blockchains.

In return for an annual fee of between $5 and $640, people who sign up to the platform can change their wallet’s name to something more memorable. Wallets on the Ethereum Name Service end with the extension .eth.

ENS gives holders the right to vote on changes to the Ethereum Name Service, which can also be bought, sold, or traded on exchanges.

Because ENS is based on Ethereum, it is a token rather than a coin. You might see references to such things as an Ethereum Name Service coin price prediction, but these are wrong.

Is Ethereum Name Service a Good Investment?

It is hard to say. ENS rose early in the new year but has since fallen, so we don’t know if it can build on that. Remember that its January price movement was linked to speculation about an ETH ETF, so we will have to see what happens as and when the news dies down.

As always with crypto, you should do your own research before deciding whether or not to invest in ENS.

Will Ethereum Name Service go up or down?

No one can really tell right now. While the Ethereum Name Service crypto price predictions are largely positive, at least in the long term, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down and up. 

Should I invest in Ethereum Name Service?

Before you decide whether or not to invest in Ethereum Name Service, you will have to do your own research, not only on ENS but also on related coins and tokens such as Ethereum itself. 

Either way, you must also ensure that you never invest more money than you can afford to lose.

Technical analysis by Nikola Lazic.

FAQs 

How many Ethereum Name Service are there?

On Jan, 20, 2025, 35.36 million ENS were in circulation out of a total supply of 100 million.

Will Ethereum Name Service reach $100?

Our price predictions suggest that ENS could reach $100 by 2030.

What is Ethereum Name Service used for?

The ENS token is used to give people the right to vote on changes to the Ethereum Name Service network. It can also be bought, sold, and traded on exchanges. 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.
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