➤ Summary
If you’re thinking about buying Ethereum (ETH), you might want to take a serious look at Ethereum Name Service (ENS) too. ENS moves similarly to ETH, but it’s been showing way better returns and holding up stronger when ETH struggles. It’s like getting more upside without the downside risks. Here’s why it might be the smarter play.
➤ Introduction
Alright, so everyone knows Ethereum is one of the biggest players in crypto, and it makes sense to invest in it. But here’s the thing—if you’re bullish on ETH, you might actually be better off buying ENS instead. ENS follows ETH’s movements pretty closely, but it’s been outperforming it in a big way.
The moment we've all been waiting for is here! 🎊
— ens.eth (@ensdomains) July 8, 2024
After over a year of dedicated work, we're beyond thrilled to unveil the brand new identity of ENS! pic.twitter.com/CdRRnDYmZv
➤ ENS vs. ETH: The Numbers Don’t Lie
Just to put things into perspective, let’s break down how ENS has performed against ETH in different timeframes:
- 1 Day: ENS +10.3% vs. ETH +5.2%
- 7 Days: ENS -0.9% vs. ETH -3.4%
- 30 Days: ENS -11.2% vs. ETH -14%
- 3 Months: ENS +69.8% vs. ETH -10.8%
- 6 Months: ENS +55.4% vs. ETH +6%
- 1 Year: ENS +22.7% vs. ETH +2.5%
See the trend? ENS has consistently outperformed ETH, whether the market is up or down.
➤ Why ENS Better Buy Than ETH
- Bigger Gains When ETH Pumps If ETH goes up, ENS usually pumps even harder. Historically, a 2x move in ETH could mean a 5x-10x move in ENS. If you’re looking for bigger returns, this is a no-brainer.
- Less Risk, No Liquidation Worries Unlike leveraging ETH (which comes with the risk of getting liquidated), ENS gives you that leveraged-like upside without the stress. It’s a win-win.
- Still Under the Radar ETH gets all the attention, but ENS has more room to grow. It’s a smaller market cap, meaning there’s more potential for major moves when adoption increases.
➤ Final Thoughts
If you’re already considering ETH, why not go for something that moves with it but gives you even better returns? ENS could be the perfect way to ride the ETH wave while maximizing profits. It’s basically like holding a leveraged ETH without the downside risks. With altseason possibly around the corner, ENS might just be one of the best plays out there.
Thinking of stacking ETH? Maybe ENS should be on your list too.
