Ethereum Name Service (ENS) Trading Down 9.4% Over Last Week

Ethereum Name Service (ENS) traded up 2.4% against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on April 19th. Ethereum Name Service has a market capitalization of $432.52 million and approximately $34.26 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. In the last week, Ethereum Name Service has traded down 9.4% against the U.S. dollar. One Ethereum Name Service token can currently be purchased for about $13.87 or 0.00021681 BTC on cryptocurrency exchanges.

About Ethereum Name Service

ENS is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,179,102 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. The official message board for Ethereum Name Service is ens.mirror.xyz. Ethereum Name Service’s official website is ens.domains.

According to CryptoCompare, “Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain created by the Ethereum Foundation and developed with the help of a community of developers. It is used to create human-readable names for Ethereum addresses to identify counter-parties and transfer funds quickly, securely and without the need for long addresses.”

Buying and Selling Ethereum Name Service

It is usually not presently possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView