The increase in demand for ENS domain names occurred little more than a week before the Ethereum Merge, which is anticipated to take place between September 13th and 15th. The average price of ENS products has increased by 167%, up to 0.3895 ETH, or $641 USD at the time of writing, as a result of the recent surge in ENS trading activity meanwhile daily their trade volume has risen sharply from 120.7 ETH up to 1044.6 ETH. At the time of writing, the weekly volume of Ethereum domain NFTs has exceeded 2,249 ETH, surpassing that of RTFKT Clone X (1,992 ETH) and Bored Ape Yacht Club (1,777 ETH). Recent data from OpenSea reveals that an ENS domain typically costs 0.3207 ETH, or $533.71. In the form of NFTs, these domain names can be purchased, sold, and exchanged between users. Since users only need to share their domain name, as with any other regular address, it is much simpler than copying and pasting long wallet address lines for the purpose of transferring and receiving cryptocurrency. With a stronger focus on renewables, SUNW stock could be one of the names to watch heading into its next earnings update.Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position CloseĪhead of the upcoming Ethereum Merge, the trade volume for Ethereum domain name sales have peaked at a seven-day high on OpenSea.Įthereum Name Service (ENS) domains are a distributed, open, and expandable naming system on the Ethereum blockchain that enable users to condense a lengthy list of crypto address keys into a single ENS name, such as “vitalik.eth.” In particular, CEO Gaylon Morris explained, "As we look into 2022, we anticipate building our indirect sales channel, including adding additional partners in key geographies, and building a more robust direct sales organization." However, with a focus on driving better margins in commercial and industrial divisions, it could be something traders focus on in these upcoming results. In its last quarter update, Sunworks missed on EPS and sales due, in part, to supply chain challenges. This week the solar company hosts its next earnings call and releases results for Q4 and full-year 2021. Shares of SUNW stock have exploded over the last week to some of their highest levels in months. Solar stocks have enjoyed a significant boost in action this month as well. Following strong operational and financial results last year, the groundwork has been laid for the company to continue this growth. Denison Mines is of the latter, focusing on uranium mining and storage. Denison Mines (NYSE: DNN)ĭue to the energy crisis stemming from the Russian-Ukraine conflict, nuclear power stocks and uranium miners have been in focus lately. Due to the heightened volatility, the choice to buy or avoid them falls on your shoulders and is based on your specific trading style. With this clear trend in the stock market today, we're taking a closer look at a few of the energy and oil penny stocks that can be bought for under $5. Even some electric vehicle stocks are gaining momentum. Whether it's clean fuel, green energy, or alternative power such as nuclear energy, related stocks have their time to shine.
The broader focus on energy has investors looking for additional opportunities. Now the focus has gone beyond crude, alone. The price of oil has skyrocketed, and so have oil penny stocks. PennyStocks Energy Penny Stocks To Buy Under $5 These constraints are pushing prices higher, and while that might not be great for your gas tank, it has done some amazing things in the stock market. Countries are completely turning off the flow of Russian oil across the world. Energy companies are turning heads and nearly breaking necks thanks to the volatility due to the Russia-Ukraine war. If you're looking for penny stocks to buy right now, there's one sector that's red hot.
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