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.
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 |
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.
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.
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.
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.
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.
Wave Five is forming, with sub-Wave One developing. A retracement to$30.28 could offer accumulation opportunities for bullish traders.
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.
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.
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.
On Jan. 20, 2025, Ethereum Name Service’s ATR was 3.47, suggesting relatively high volatility.
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.
On Jan. 20, 2025, the Ethereum Name Service RSI was at 54, indicating somewhat bullish conditions.
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.
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.
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 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.
CCN’s Senior Research Analyst, Toghrul Aliyev, examined Ethereum Name Service and found its advantages and disadvantages.
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.
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 |
The market capitalization, or market cap, is the sum of the total number of ENS in circulation multiplied by its price.
On Oct. 29, 2024, Ethereum Name Service’s market cap was $1.27 billion, making it the 87th-largest crypto by that metric.
On Jan. 20, 2025, one wallet held more than 50% of the supply of ENS.
As of Jan. 20, 2025, the five wallets with the most ENS were
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 |
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.
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.
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.
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.
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.
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.
Our price predictions suggest that ENS could reach $100 by 2030. 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. Will Ethereum Name Service reach $100?
What is Ethereum Name Service used for?
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.