Ethereum Name Service Price Tops $13.58 on Exchanges (ENS)

Ethereum Name Service (ENS) traded 3.6% higher against the dollar during the 24 hour period ending at 7:00 AM ET on April 18th. One Ethereum Name Service token can now be purchased for approximately $13.58 or 0.00021630 BTC on cryptocurrency exchanges. Ethereum Name Service has a market capitalization of $423.56 million and approximately $34.14 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. During the last seven days, Ethereum Name Service has traded down 32.2% against the dollar.

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 31,179,102 tokens. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official message board is ens.mirror.xyz. 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 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