Ethereum Name Service Trading Down 15.6% Over Last 7 Days (ENS)

0.8% against the dollar. Ethereum Name Service (ENS) is a decentralized way to address resources on the Ethereum blockchain.

() fell 0.8% in value against the dollar over the 24-hour period ending at 23.30 Eastern time on the 23rd of April. Ethereum Name Service's value against the dollar has dropped 15.6% in the past week. On exchanges, one Ethereum Name Service token is currently available for $12.04 (or 0.00043440 BTC). Ethereum Name Service's market cap is $341.19 millions and about $16.05million worth of Ethereum Name Service were traded on exchanges during the last day.

What is Ethereum Name Service?

It is a Proof of Work token which uses the Ethash algorithm. Its genesis was on August 11th 2021. Ethereum Name Service has a total supply of 100,000,000 tokens, and a circulating supply of 28,337.389 tokens. CryptoCompare states that 'Ethereum name service (ENS) is a distribution, open and extensible naming scheme based on Ethereum blockchain, created by the Ethereum Foundation with the assistance of a developer community. It's used to create human-readable addresses for Ethereum to identify counter parties and to transfer funds securely, quickly and without having to use long addresses.

Trading of Ethereum Name Service Tokens

It is not usually possible to purchase alternative cryptocurrencies, such as Ethereum Name Service, directly with U.S. Dollars. Investors who want to buy Ethereum Name Service first need to purchase Bitcoin or Ethereum on an exchange dealing in U.S. Dollars, such as GDAX or Changelly.’s FREE CryptoBeat Newsletter