Ethereum Name Service Price Hits $25.33 on Major Exchanges (ENS)

Ethereum Name Service (ENS) traded 4.4% lower against the U.S. dollar during the 1-day period ending at 12:00 PM Eastern on June 22nd. Ethereum Name Service has a market capitalization of $800.44 million and $93.39 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. Over the last seven days, Ethereum Name Service has traded 10.2% higher against the U.S. dollar. One Ethereum Name Service token can now be bought for about $25.33 or 0.00039412 BTC on exchanges.

Ethereum Name Service 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 31,594,457 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. Ethereum Name Service’s official website is ens.domains. Ethereum Name Service’s official message board is ens.mirror.xyz.

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 trade Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView