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⭕️ENS REGISTRATIONS DECLINE AMID MARKET CONSOLIDATION

⭕️ENS REGISTRATIONS DECLINE AMID MARKET CONSOLIDATION

Day: 08 | Time: 11:49 In the second quarter, Ethereum Name Service (ENS) experienced a quarterly decline in domain registrations. Despite lower transaction costs, the number of .eth domain name registrations has decreased due to a general market consolidation. The decline in primary ENS registrations suggests a decrease in cryptocurrency market activity. Open interest in ENS derivatives has decreased by 48% in a week, signaling a bearish sentiment. If selling pressure continues, the price of ENS may drop to $23.26.

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