Ethereum Name Service Price Down 5.3% Over Last 7 Days (ENS)

Ethereum Name Service (ENS) traded 10.1% higher against the dollar during the 24 hour period ending at 11:00 AM ET on November 6th. One Ethereum Name Service token can now be purchased for approximately $17.29 or 0.00023270 BTC on cryptocurrency exchanges. During the last seven days, Ethereum Name Service has traded down 5.3% against the dollar. Ethereum Name Service has a market capitalization of $589.75 million and approximately $103.01 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

About Ethereum Name Service

Ethereum Name Service (ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. It was first traded on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 34,110,909 tokens. 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. The official website for Ethereum Name Service is ens.domains.

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 buy alternative cryptocurrencies such as Ethereum Name Service directly using U.S. dollars. Investors seeking to trade Ethereum Name Service should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView