Ethereum’s (CRYPTO: ETH) handsome rally on Wednesday infused life in its cheaper alternatives, causing them to outperform the marquee asset.
What happened: Ethereum Name Service soared over 45% to become the cryptocurrency market’s biggest gainer in the last 24 hours.
The rally catapulted the token to price levels last seen in Jan. 2022, while its market capitalization hit $1 billion after nearly five months.
ENS saw a 520% jump in trading volumes, implying a sharp jump in buying pressure.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:55 p.m. EDT) |
| Ethereum Name Service (CRYPTO: |
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