Ethereum Name Service (ENS) Trading 7.7% Lower Over Last Week

Ethereum Name Service (ENS) traded up 2.2% against the US dollar during the 1 day period ending at 11:00 AM E.T. on September 9th. Ethereum Name Service has a total market capitalization of $539.64 million and approximately $48.06 million worth of Ethereum Name Service was traded on exchanges in the last day. In the last week, Ethereum Name Service has traded down 7.7% against the US dollar. One Ethereum Name Service token can now be bought for approximately $16.32 or 0.00029602 BTC on popular 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 33,062,253 tokens. The official website for Ethereum Name Service is ens.domains. The official message board for Ethereum Name Service is ens.mirror.xyz. 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 currently possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView