Ethereum Name Service (ENS) Price Down 5.6% Over Last 7 Days

Ethereum Name Service (ENS) traded 2.1% lower against the US dollar during the twenty-four hour period ending at 14:00 PM Eastern on November 4th. One Ethereum Name Service token can currently be purchased for about $15.27 or 0.00022483 BTC on popular exchanges. During the last week, Ethereum Name Service has traded down 5.6% against the US dollar. Ethereum Name Service has a total market capitalization of $512.44 million and approximately $53.83 million worth of Ethereum Name Service was traded on exchanges in the last day.

Ethereum Name Service Token Profile

Ethereum Name Service (CRYPTO:ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. It launched on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 33,565,427 tokens. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. Ethereum Name Service’s official message board is ens.mirror.xyz.

According to CryptoCompare, “The Ethereum Name Service (ENS) is a decentralised naming system built on the Ethereum blockchain, designed to map human-readable names to machine-readable identifiers. It simplifies the user experience by replacing complex Ethereum addresses with easy-to-remember names, supporting address mapping, content hashes, metadata storage, and cross-platform usability. ENS was created by Nick Johnson and Alex Van de Sande under the Ethereum Foundation and launched in May 2017.”

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 trade Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView