Ethereum Name Service (ENS) Price Down 9.9% Over Last Week

Ethereum Name Service (ENS) traded up 0.3% against the dollar during the 1 day period ending at 14:00 PM E.T. on September 7th. One Ethereum Name Service token can now be bought for $16.02 or 0.00029577 BTC on cryptocurrency exchanges. Over the last seven days, Ethereum Name Service has traded 9.9% lower against the dollar. Ethereum Name Service has a market cap of $529.69 million and approximately $49.86 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

About Ethereum Name Service

ENS 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 33,061,743 tokens. The official message board for Ethereum Name Service is ens.mirror.xyz. Ethereum Name Service’s official website is ens.domains. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

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.”

Ethereum Name Service Token Trading

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

ENS/USD price chart by TradingView