The dollar traded 6.1% higher during the 24-hour period ending at 22:20 PM ET on the 16th of June. In the past seven days, Ethereum Name Service's value against the dollar has fallen by 12.5%. On cryptocurrency exchanges, one Ethereum Name Service token is currently available for $7.72 (or 0.00029452 BTC). Ethereum Name Service's total market capitalization is $220.91 millions. In the last 24 hour, exchanges traded Ethereum Name Service worth approximately $13.90million.
What is Ethereum Name Service?
It is a Proof of Work token which uses the Ethash algorithm. Its launch was on August 11th 2021. The total supply of Ethereum Name Service is 100,000,000 tokens, and the circulating supply is 28620266 tokens. CryptoCompare states that 'Ethereum name service (ENS) is a distributed 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.
Buy and Sell Ethereum Name Service
It is not usually possible to buy alternative cryptocurrencies, such as Ethereum Name Service, directly with US dollars. Investors who want to purchase Ethereum Name Service first need to buy Bitcoin or Ethereum on an exchange which deals in US Dollars, such as GDAX or Changelly. MarketBeat.com’s FREE CryptoBeat Newsletter