Ethereum Name Service Trading Down 14.6% Over Last 7 Days (ENS)

Ethereum Name Service (ENS) traded 5.9% lower against the US dollar during the 24 hour period ending at 10:00 AM Eastern on January 9th. One Ethereum Name Service token can currently be purchased for about $30.86 or 0.00033476 BTC on cryptocurrency exchanges. Ethereum Name Service has a market capitalization of $1.09 billion and $177.72 million worth of Ethereum Name Service was traded on exchanges in the last day. Over the last seven days, Ethereum Name Service has traded down 14.6% against the US dollar.

Ethereum Name Service Token Profile

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 35,358,442 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 currently possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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