What Is Ethereum Name Services (ENS) Token
Ethereum Name Services (ENS) is a domain name system that works on the Ethereum blockchain. The service provides human-readable names to wallet addresses and contracts on the blockchain. ENS was created by Nick Johnson in 2017, and it’s currently under development as an open standard for registries of all types of names on public blockchains. No more copying and pasting long addresses. You can use your ENS DApp name to store all of your addresses and receive any cryptocurrency, token, or NFT. ENS will be an extremely important DApp in the WEB3 landscape.
On Monday November 9th 2021, the Ethereum Name Service (ENS) debuted its governance token, ENS, which will be used to promote the decentralization of the popular domain service for Ethereum wallets.
This post will explain how you can buy Ethereum Name Services (ENS) tokens on Binance to be a part of this growing registry!
Already have a .eth domain name? Claim your ENS airdrop tokens by going here https://claim.ens.domains/
Price Of Ethereum Name Services (ENS)
The current price of ENS is:
How To Buy Ethereum Name Services (ENS) On Binance
Step 1: Sign Up With Binance.
Step 2: Deposit Fiat or Other Crypto Into Your Binance Wallet.
The best way to start buying and trading ENS on Binance is to connect a bank account to do an ACH transfer which is the quickest and has the least fees.
Second, connecting a debit card which is great for quick deposits of smaller amounts.
Lastly, you can do a domestic wire transfer which is the best for larger amounts of cash but also comes with wire fees.
Step 3: Buy Tether (USDT) or Preferred Trading Pair
Tether (USDT) is a token that was created to always be equal to $1 USD, which will ensure that the money you put into Binance will stay stable and not fluctuate drastically like most other cryptocurrencies. At this time ENS can be traded on Binance with BNB, USDT or BTC.
Step 4: Buy ENS On Binance
Now that you have your fiat converted to Tether (USDT), BNB or BTC, you are able to buy almost any crypto pairs that are available on Binance, including ENS Token.
Buy ENS Using Web Browser:
With USDT/BNB/BTC in your Binance account, you can now click Markets in the top menu bar, in the Search Coin Name box type ENS (Make sure USDT/BNB/BTC is selected in the options).
Second way is to go to your wallet, click the “Buy Crypto” button (Yellow button with the arrows), click where Bitcoin is selected then search and select ENS.
Lastly you can select “Buy Crypto” from the navigation menu and click where Bitcoin is selected then search and select ENS and buy. NOTE: If you aren’t able to find ENS when you search for it, make sure you are using your USDT/BNB/BTC as a trading pair.
Buy ENS Using Mobile App:
With USDT/BNB/BTC in your Binance account, open the mobile app, select the Market tab on the bottom (the one with 4 bars), then select the USDT/BNB/BTC tab on top, then search for ENS using the search function on the top right.
The second way to buy on the mobile app is by selecting the Wallet tab (Middle button on the bottom that looks like a wallet), select the yellow “Buy / Sell” button, select “Buy Crypto“, then search for ENS using the search function on the top right.
Step 5: Store ENS In Safe Place
If you plan on saving your ENS for a long period of time (More than a few months) then it is smart to store it in a wallet off of Binance such as Ledger, Trezor, or Exodus.
Follow Ethereum Name Services (ENS) :
ENS Coin Reddit https://www.reddit.com/r/ENSMarket/
ENS Token Twitter https://twitter.com/ensdomains
ENS Coin Stocktwits https://stocktwits.com/symbol/ENS.X
ENS Token Discord https://discord.gg/AskZbFx
Binance Coin (BNB) Is Heading Towards $300 With A 60% Increase Today!
Looking to buy Binance Coin (BNB)? You can trade BNB on Binance by clicking here
Based in the United States and want to buy BNB via Binance.US? Click here to sign up now!
Bitcoin price breaks $40K Again!
The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high.
In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential correction was imminent. Thus, it’s critical for Bitcoin to surpass the $40,000 level and stay above it in the foreseeable future. Bitcoin has already spent nearly three weeks under $38,000, causing its short-term price cycle to stagnate and lose momentum. On Feb. 6, Bitcoin finally broke out of the $38,000 level, establishing it as a support level.
One positive on-chain data point that raises the chances of a Bitcoin breakout is the increase of whale addresses. Analysts at Santiment said that Bitcoin whales have continued to accumulate despite the increase in the price of the asset: “The whales of #Bitcoin (1,000+ $BTC addresses) haven’t stopped accumulating, while the mid-tier traders (10-1,000 $BTC) haven’t stopped taking profit as its price hovers around $38,000. Meanwhile, the small addresses have been #FOMO’ing back in rapidly!”
Binance CEO Makes Rare Price Prediction On When To Buy Bitcoin
The bitcoin price has rallied around 50% since January 1, with some smaller cryptocurrencies making surprise triple-digit percentage gains, and many bitcoin bulls think it still has further to go—though problems could be on the horizon.
Now, Changpeng Zhao, the widely-respected founder and chief executive of the world’s biggest bitcoin and cryptocurrency exchange Binance, has broken his rule against market forecasting to predict “the bitcoin price will likely increase.”
“I personally believe the halving has not been priced in,” Changpeng Zhao, often known simply as CZ, told bitcoin, cryptocurrency and blockchain video news site BlockTV this week, adding he “doesn’t usually give market predictions” because he will be wrong “50% of the time.”
Bitcoin traders and investors have begun gearing up for the looming May bitcoin halving event, among other positive bitcoin developments expected this year, when the coin reward for mining new bitcoin blocks is scheduled to drop from 12.5 bitcoin to 6.25 bitcoin–cutting the supply of new bitcoin coming onto the market by half.
There have already been two bitcoin halvings since bitcoin launched in 2009, one in 2012 and another in 2016. Bitcoin halvings are scheduled to continue roughly once every four years until the maximum supply of 21 million bitcoins has been generated by the network, something that won’t happen until well into the next century.
Whether the upcoming bitcoin halving has been “priced in” by the market has become a controversial issue among investors. Generally, in well-developed markets, equity, commodities and currencies are priced based on future expectations—suggesting that as bitcoin traders and investors are aware of the May halving, the price will have already made the gains related to it.
CZ disagrees, however, telling BlockTV: “The market is not efficient. Most people don’t get information quickly. People need a lot of time to let concepts sink in and adjust.”
Many are hoping the 2020 bitcoin halving will see a repeat of the last cut to supply. Bitcoin prices doubled in 2016 and soared 13-fold the following year.
However, CZ warned that “historic events do not predict future events, so don’t take that too literally,” but explained the bitcoin halving will mean “it costs miners almost double what it does now to produce one bitcoin. Psychologically, those miners won’t be willing to sell below that price.”
“New bitcoin coming to market will be severely limited and at the same time we’re seeing more users and traders coming in.”
“Economic theory tells us that the bitcoin price will likely increase but this is just the theory and hard to predict,” CZ said, adding he’s feeling “pretty positive.”
Meanwhile, the number of people searching Google for the term “bitcoin halving” has been steadily rising along with the bitcoin price.
Analysts at Arcane Research found last month that an increase in searches could be a sign bitcoin’s halving will recapture the wider public interest in bitcoin and crypto that catapulted the bitcoin price to around $20,000 in 2017.
Many other bitcoin and cryptocurrency market watchers share CZ’s enthusiasm, though some think it could be other factors that push up the bitcoin price.
“I still think that bitcoin will hit $100,000 by end of December 2021,” Anthony Pompliano, the cofounder of bitcoin and crypto investment group Morgan Creek Digital, said last month, pointing to bitcoin’s “fixed supply” and “increasing demand” as the reason for bitcoin’s performance.
Elsewhere, others are not so upbeat—with the the chief executive of China-based investment advisory group RockTree Capital last month forecasting we could see the bitcoin price dip.