Unusual, Vitalik Buterin's Praise Causes This Token to Skyrocket 80%!

<p>&nbsp;"Hmm, I wonder if Buterin praises other tokens, will the price go up?"</p><p><br /></p><p>The Ethereum Name Service (ENS) cryptocurrency, which has always hovered below $10, managed to pull off a surprise as its price climbed more than 80% to $16, marking an eight-month high.</p><p><br /></p><p>This is because Vitalik Buterin who is the co-founder of Ethereum (ETH) has given recognition and praise including highlighting the importance and value of his service while considering it very important.</p><p><br /></p><p>In addition to emphasizing the need for the service to remain accessible and affordable to all users of the ETH network, Buterin also said that all layer-2 will work on the CCIP resolver to allow registration, updating and others.</p><p><br /></p><p><br /></p><p>He added that integrating ENS addresses with layer-2 networks such as Optimisme (OP), Arbitrum (ARB) and Polygon (MATIC) can not only increase user friendliness but is also very important for ETH's long-term scalability plan.</p><p><br /></p><p>The integration is expected to streamline the follow-up operation of the ENS domain, possibly replacing the complex alphanumeric wallet address that is usually used in any transaction.</p><p><br /></p><p>In context, ENS is a domain platform on the ETH blockchain that allows users to obtain domain names and facilitates users to obtain user-friendly names such as "bob.eth" linked to identifiers such as addresses, content hashes and metadata.</p><p><br /></p><p>Pleased to be informed that ENS currently has over 2.1 million registered domains including 800,000 unique participants.</p><p><br /></p><p>As of this writing, ENS price has surged by 14.51% to $14.84 in the last 24 hours with a market capitalization of $450 million then recorded a 48.97% increase over the last week.</p>