Ethereum Name Service Price Down 7.6% Over Last Week (ENS)

Ethereum Name Service (ENS) traded 1.8% lower against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on May 1st. Over the last seven days, Ethereum Name Service has traded 7.6% lower against the dollar. Ethereum Name Service has a market capitalization of $439.02 million and $37.80 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. One Ethereum Name Service token can now be purchased for about $14.08 or 0.00024628 BTC on popular exchanges.

About Ethereum Name Service

Ethereum Name Service is a Proof-of-Work token that uses the Ethash hashing algorithm. Its genesis date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,180,478 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official message board is ens.mirror.xyz.

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 currently possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to trade Ethereum Name Service should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, 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