When was ens coin issued?

ENS coins were issued on May 4, 2017 and are used to purchase and renew Ethereum names, making the blockchain more accessible and usable. ENS coins can be purchased on major exchanges, and their value is linked to the demand for Ethereum domain names. It is expected to continue to increase in value with the development of the decentralized Internet.

ENS coin issuance time

ENS coin (Ethereum Name Service, Ethereum Domain Name Service) was issued on May 4, 2017.

Purpose of ENS Coin

ENS Coin is used to purchase and renew Ethereum domain names that can replace lengthy Ethereum addresses. ENS domain names are easier to remember and use, increasing the accessibility and usability of the blockchain.

How to Buy ENS Coin

ENS Coin can be purchased on various cryptocurrency exchanges such as Coinbase, Binance, and Kraken.

The value of ENS coins

The value of ENS coins is related to the demand for Ethereum domain names. As more users use Ethereum, demand for ENS names increases, pushing the price of ENS coins higher.

Future Prospects of ENS Coin

As the decentralized Internet continues to develop, ENS Coin is expected to continue to increase in value. Demand for ENS names is likely to grow as the Ethereum ecosystem grows, leading to potential rewards for ENS coin holders.

The Ethereum Name Service (ENS), a decentralized naming system that provides human-readable names for blockchain addresses, is on the rise. The price of ENS increased by 11.72% in the past 24 hours to reach $21.81. Key factors behind this growth include growing user adoption, integration with other blockchain projects, and growing interest in the Web3 space.

Technical analysis shows that the long-term trend for ENS remains bullish. The 200-day moving average (MA) acts as support, while the 50-day MA shows an uptrend, indicating strong buying momentum. Additionally, the Relative Strength Index (RSI) indicator currently sits around 65, indicating that the asset is in overbought territory but still has room to rise.

ENS has a circulating supply of 31649116.651645, with both the maximum and total supply unknown. The circulating market capitalization is $690 million, making it one of the largest decentralized naming systems by market capitalization.

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