Ethereum Name Service (ENS) Trading 18.5% Lower This Week

Ethereum Name Service (ENS) traded down 8.4% against the dollar during the twenty-four hour period ending at 10:00 AM ET on April 3rd. Over the last seven days, Ethereum Name Service has traded down 18.5% against the dollar. One Ethereum Name Service token can currently be bought for approximately $14.57 or 0.00017801 BTC on major cryptocurrency exchanges. Ethereum Name Service has a market capitalization of $518.57 million and $81.84 million worth of Ethereum Name Service was traded on exchanges in the last day.

About Ethereum Name Service

Ethereum Name Service (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 35,602,770 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official message board is ens.mirror.xyz.

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.”

Ethereum Name Service Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView