Ethereum Name Service (ENS) Trading 24% Lower This Week

Ethereum Name Service (ENS) traded 8.2% lower against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on August 4th. During the last seven days, Ethereum Name Service has traded down 24% against the US dollar. Ethereum Name Service has a market capitalization of $668.98 million and $87.17 million worth of Ethereum Name Service was traded on exchanges in the last day. One Ethereum Name Service token can now be purchased for about $20.36 or 0.00033384 BTC on popular exchanges.

Ethereum Name Service Token Profile

Ethereum Name Service (CRYPTO: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 32,855,705 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. Ethereum Name Service’s official website 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 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the exchanges listed above.

Receive News & Updates for Ethereum Name Service Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Ethereum Name Service and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.