Understanding Ethereum Name Service (ENS)
Ethereum Name Service (ENS) transforms complex cryptocurrency addresses into human-readable names, simplifying blockchain transactions. Currently priced at $19.32 USD**, ENS has seen a **0.82% decline** over the past 24 hours. With a market capitalization of **$705.06 million, it ranks among mid-tier cryptocurrencies by valuation.
Key Market Data for ENS
| Metric | Value |
|---|---|
| 24h Trading Volume | $46.92 million |
| Circulating Supply | 100.00 million ENS |
| All-Time High (ATH) | $48.91 (Dec 2024) |
| All-Time Low (ATL) | $6.52 (Oct 2023) |
Price Performance Trends
- Weekly Change: +6.50%
- Monthly Performance: -12.54%
- Annual Performance: -30.88%
👉 Explore real-time ENS price movements for deeper technical insights.
Trading and Investment Strategies
Security-First Purchasing
To acquire ENS securely:
- Use reputable exchanges like Binance, Coinbase, or Kraken.
- Connect through verified brokers via TradingView’s integrated broker network.
Technical Analysis Outlook
- Daily Signal: Sell
- 1-Week Outlook: Sell
- 1-Month Outlook: Neutral
For strategic inspiration, review crowd-sourced ENS trading ideas.
Volatility Considerations
ENS exhibits 1.29% daily volatility, typical of crypto assets. Always cross-reference with:
FAQ Section
What is ENS used for?
ENS converts blockchain addresses (like 0x71C...) into readable names (e.g., wallet.eth), enhancing usability across Ethereum-based platforms.
How does ENS compare to DNS?
Unlike DNS for web domains, ENS operates on Ethereum, enabling decentralized ownership and integration with crypto wallets.
Where can I track ENS price live?
👉 Monitor ENS charts and volatility with real-time data feeds.
Final Thoughts
While ENS offers innovative solutions for blockchain usability, its market performance reflects broader crypto volatility. Diversify research using technical ratings, community discussions, and exchange analytics before investing. For alternative crypto opportunities, explore top-gaining assets.