What is Ethereum Name Service ENS/USD, and does it present an opportunity?

• Ethereum Name Service is an open-source naming system on the Ethereum blockchain.

• Its native token has gained 8% in the past day and 13% in the past week

• Although ENS is on a solid uptrend, it lacks the strength to sustain the momentum

Ethereum Name Service ENS/USD is a decentralised naming platform for wallets and websites. It is a permissionless network that maps human-readable names to machine-perceivable identities.

Such identifiers include crypto addresses, metadata, and content hashes. Simply put, ENS domains are customised digital wallets with identifiable names. To own one of them, a user must pay a certain amount