Ethereum Name Service Price Hits $16.84 on Exchanges (ENS)

Ethereum Name Service (ENS) traded up 4.2% against the dollar during the 24-hour period ending at 17:00 PM E.T. on September 17th. Ethereum Name Service has a market capitalization of $556.76 million and $41.44 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. Over the last week, Ethereum Name Service has traded down 4.7% against the dollar. One Ethereum Name Service token can now be bought for about $16.84 or 0.00028009 BTC on popular cryptocurrency exchanges.

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 33,064,781 tokens. Ethereum Name Service’s official message board is ens.mirror.xyz. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

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 buy alternative cryptocurrencies such as Ethereum Name Service directly using U.S. dollars. Investors seeking to acquire Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly 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