Ethereum Name Service (ENS) Price Reaches $31.95 on Major Exchanges

Ethereum Name Service (ENS) traded 11% higher against the US dollar during the twenty-four hour period ending at 17:00 PM E.T. on July 1st. During the last seven days, Ethereum Name Service has traded 37.3% higher against the US dollar. One Ethereum Name Service token can now be purchased for approximately $31.95 or 0.00050669 BTC on exchanges. Ethereum Name Service has a market cap of $1.01 billion and $318.16 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

About Ethereum Name Service

Ethereum Name Service 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 31,637,004 tokens. Ethereum Name Service’s official message board is ens.mirror.xyz. Ethereum Name Service’s official website 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.”

Ethereum Name Service Token Trading

It is usually not presently 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 Gemini, GDAX or Changelly. 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