Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?

Posted On November 28, 2024

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: