Ethereum Name Service (ENS) Trading 2.8% Higher This Week

Ethereum Name Service (ENS) traded 2.8% higher against the US dollar during the 1-day period ending at 11:00 AM Eastern on October 12th. One Ethereum Name Service token can currently be purchased for about $17.38 or 0.00027525 BTC on major exchanges. Over the last week, Ethereum Name Service has traded up 2.8% against the US dollar. Ethereum Name Service has a market capitalization of $576.33 million and $38.25 million worth of Ethereum Name Service was traded on exchanges in the last day.

About Ethereum Name Service

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 33,158,315 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. The official message board for Ethereum Name Service 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.”

Buying and Selling Ethereum Name Service

It is usually not possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using U.S. dollars. Investors seeking to acquire Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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