Ethereum Name Service Price Down 2.6% Over Last Week (ENS)

Ethereum Name Service (ENS) traded 1.7% lower against the US dollar during the 1-day period ending at 9:00 AM Eastern on May 6th. One Ethereum Name Service token can currently be purchased for $15.24 or 0.00023882 BTC on popular cryptocurrency exchanges. In the last week, Ethereum Name Service has traded down 2.6% against the US dollar. Ethereum Name Service has a total market cap of $475.53 million and approximately $29.88 million worth of Ethereum Name Service was traded on exchanges in the last day.

Ethereum Name Service Token Profile

ENS is a Proof-of-Work token that uses the Ethash hashing algorithm. It launched on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,193,195 tokens. 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. Ethereum Name Service’s official message board is ens.mirror.xyz.

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 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 Changelly, Gemini or GDAX. 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