Ethereum Name Service (ENS) Price Down 21.6% Over Last Week

Ethereum Name Service (ENS) traded down 9.2% against the US dollar during the 1 day period ending at 10:00 AM Eastern on March 10th. During the last week, Ethereum Name Service has traded down 21.6% against the US dollar. Ethereum Name Service has a total market cap of $623.02 million and $99.84 million worth of Ethereum Name Service was traded on exchanges in the last day. One Ethereum Name Service token can now be bought for about $17.50 or 0.00021965 BTC on popular exchanges.

Ethereum Name Service Profile

ENS is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 35,598,864 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.”

Buying and Selling Ethereum Name Service

It is usually not presently 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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