Ethereum Name Service Trading 1.2% Higher This Week (ENS)

Ethereum Name Service (ENS) traded up 3.9% against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on March 13th. Ethereum Name Service has a market cap of $238.44 million and approximately $21.20 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. In the last week, Ethereum Name Service has traded 1.2% higher against the US dollar. One Ethereum Name Service token can currently be purchased for approximately $6.23 or 0.00008612 BTC on major cryptocurrency 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 38,269,697 tokens. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official message board is ens.mirror.xyz. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

According to CryptoCompare, “ENS is a decentralised naming service for web3. The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses. ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains. Discord, Medium, GitHub, Medium, Docs”

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

ENS/USD price chart by TradingView