Ethereum Name Service (ENS) Trading 9.8% Lower Over Last Week

Ethereum Name Service (ENS) traded 2.3% lower against the dollar during the 24 hour period ending at 16:00 PM Eastern on July 30th. One Ethereum Name Service token can now be bought for about $26.60 or 0.00040451 BTC on popular cryptocurrency exchanges. Ethereum Name Service has a market cap of $873.59 million and $128.43 million worth of Ethereum Name Service was traded on exchanges in the last day. During the last week, Ethereum Name Service has traded 9.8% lower against the 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 32,839,999 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. The official message board for Ethereum Name Service is ens.mirror.xyz. The official website for Ethereum Name Service is ens.domains.

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 U.S. dollars. Investors seeking to trade Ethereum Name Service should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView