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ENS Drops 60%+ in 2022. Is There Any Hope Left?An update to the drama with Ethereum Name Service (ENS), which has been going through some tough times. This week I swapped out my ryangtanaka.eth ENS domain for ryangtanaka.org - a more traditional DNS domain for all of my #Web3 related activities. (My web hosting account is canceled, still - I'm planning on hosting all of my web activities on IPFS from now on.) The idea of a decentralized domain system did appeal to me since I wanted to lead by example in my migration towards Web3. But after the controversies with ENS's Operations Director's (Brantly Milligan) bigoted comments surfaced last month it gave a lot of people pause about the whole project, including myself. Looking into it further, .eth (and all other 3-letter domain names) are currently controlled by ICANN, who tends to be the gatekeeper for most DNS-related things today.) There were talks about using .eth for Ethiopia - though it's not clear right now - but either way, if you want to see .eth domains render in common browsers there's a need for the folks at ENS to strike a deal with the folks there. discuss.ens.domains They've been sitting on the problem for over 3 years, basically ignoring the biggest bottleneck for ENS's success, hoping that the problem will somehow resolve itself. Milligans' comment about "anything could happen" isn't exactly a plan, nor leadership, to say the least. He was removed from the non-profit company he was working for, but the DAO's move to remove him as the director of the Foundation Company failed last month. (Milligan has the highest delegate count by far and voted to keep himself, not surprisingly.) discuss.ens.domains So I sold all of my $ENS tokens that was airdropped to me as well, as of this week. (I know I'm not the only one.) I did turn a decent profit and I'm not going to turn down free money, but the fact that they couldn't get people to buy into the coin on its own merit should've been a red flag from the beginning, honestly. Unstoppable Domains is having similar issues with their .crypto/.nft/.coin domains as well - this stuff isn't easy to do, despite how simple it appears to be on the surface. But they do at least have the advantage of not having tarnished their brand with unnecessary provocations so there might still be some path to success. In a way, this is a perfect example of what Web3 ought to be - if you don't know how to play nice, you're out. The future of the internet lies in forming win-win scenarios out of the decentralized ecosystem, and those who don't know how to do that get weeded out, quickly.
Long
by RyanTanaka
7
#ENS/USDT 8HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ENS/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello members welcome to ENS/USDT chart analysis by cryptosanders In the above-mentioned chart, we can see that ENS/USDT was trading inside the triangle pattern and broke the upper trend line, and bounced 5% after the breakout. In the current scenario, ENS/USDT is moving down to retest the upper trend line and yellow MA is also working as support.
 Here the green zone is the zone to go long on the spot or low leverage. entry:-$15.80,$17 target:-70% to 80% stop-loss:-$14.080 with laverage 5x to 10x Sorry for my English it is not my native language. Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
$ENS BULLISH SIGNSHELLO GUYS -Note with me how it has been holding a strong support zone between 13-16 for about a month and with a somewhat rising volume, this suggests that we are in a very strong ACCUMULATION zone. - Also, noting RSI 4 months ago, it forms a positive head and shoulders pattern and its neckline is at 50!!! -Also, in the last month, RSI formed higher bottoms for us, which created a very clear positive divergence with the price. You should prepare for a strong RISING soon. BEST REGARDS
Long
by greencandles22
1
ENS Org Fires its Ops Director. How Did it Affect its Price?True Names Limited (ENS-based Non-Profit) fires its operations director. What kind of impact did it have on ENS's price? -- From CoinDesk: www.coindesk.com Over the weekend the Ethereum Name Service (ENS) community voted to remove Brantly Millegan as a steward because of a tweet he posted in 2016 that recently resurfaced. He will also be removed from his position as director of operations of the decentralized autonomous organization's (DAO) corresponding legal entity True Names Ltd. In the tweet, Millegan wrote that “homosexual acts are evil. Transgenderism doesn’t exist. Abortion is murder. Contraception is perversion. So is masturbation and porn.” ENS gives the ability to point a domain name to a wallet. Users would be able to go to a .eth domain name as opposed to a complex wallet address. Domains can be traded as non-fungible tokens (NFT). There are over 675,000 registered names, according to ENS. “Practically, it means that you can have a name that you own, that has all the decentralization and censorship resistance and programmability of Ethereum,” Millegan told CoinDesk in 2020 in describing the project. Millegan hasn't apologized for the tweet, citing his religious beliefs. In a post on Discord, he reaffirmed his beliefs and said he’s open to working with and being friends with a wide range of people. He also said that traditionally minded Christians, Muslims and Jews should not be excluded from Web 3 – and he has received messages of support from those who self-identify as being traditional followers of these religious groups. As of late Sunday Pacific time, community delegates from the ENS DAO voted to remove Millegan from his position with a majority voting in favor. But the vote wasn’t unanimous, with some delegates warning about the dangers of "cancel culture" or the irony of a decentralized service centralizing around the voice of one person. “Brantly contributed to ENS success and deserves to be here. I respect the fact that he stands by his words and doesn’t pull the usual 'It was four years ago, I’m different now, blablabla,'” wrote "victorstark" in the discussion thread. “Woke and cancel people are more toxic than Brantly ever could be, pure herd mentality at work.” Nick Johnson, founder and lead developer of ENS, said mid-Monday Asia time that Brantly would also be removed from the DAO's corresponding legal entity. "Brantly has been a valued team member of TNL for the past three years. However, as a team we felt that his position with TNL is no longer tenable," Johnson said in a Twitter thread. "Many of you were hurt by Brantly's comments over the past 24 hours, and we strongly believe that ENS should be an inclusive community. Going forward we'll continue to do everything we can to ensure that remains the case." Johnson did not respond to a request for comment from CoinDesk. Brantly has yet to make a new statement on this development. The ENS token is up 4.5% to $20.76 at the time of this writing, according to CoinMarketCap.
Long
by RyanTanaka
ENS entering accumulation phase? or are we going to see more lowIs ETH NAME SERVICE token entering accumulation phase or are we going to tank down to $5 since it serves no purpose other than Governance? We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022 Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22 It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages. This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.
by btgraph