Ethereum Name Service (ENS) Price Reaches $26.07 on Major Exchanges

Ethereum Name Service (ENS) traded 2.9% lower against the dollar during the twenty-four hour period ending at 20:00 PM E.T. on June 20th. Ethereum Name Service has a total market cap of $821.99 million and approximately $162.85 million worth of Ethereum Name Service was traded on exchanges in the last day. In the last week, Ethereum Name Service has traded 32.4% higher against the dollar. One Ethereum Name Service token can currently be purchased for about $26.07 or 0.00040181 BTC on popular exchanges.

Ethereum Name Service Profile

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 31,531,683 tokens. The official website for Ethereum Name Service is Ethereum Name Service’s official message board is 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the exchanges listed above.

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