Ethereum Name Service (ENS) Price Down 35.7% Over Last Week

Ethereum Name Service (ENS) traded 3.2% lower against the US dollar during the 24-hour period ending at 8:00 AM Eastern on April 17th. Ethereum Name Service has a market capitalization of $404.48 million and approximately $26.33 million worth of Ethereum Name Service was traded on exchanges in the last day. One Ethereum Name Service token can now be purchased for about $12.97 or 0.00020658 BTC on cryptocurrency exchanges. During the last week, Ethereum Name Service has traded 35.7% lower against the US dollar.

About 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 31,179,102 tokens. Ethereum Name Service’s official message board is ens.mirror.xyz. 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.

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 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 Changelly, Gemini or GDAX. 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