Ergo (ERG) Price Down 7% Over Last Week

Ergo (ERG) traded 0.5% lower against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on December 28th. In the last seven days, Ergo has traded down 7% against the U.S. dollar. One Ergo coin can currently be purchased for $1.63 or 0.00001717 BTC on popular exchanges. Ergo has a total market cap of $128.57 million and approximately $288,777.92 worth of Ergo was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $94,708.10 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.3% against the dollar and now trades at $0.32 or 0.00000339 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $445.99 or 0.00470912 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $9.23 or 0.00009745 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $100.52 or 0.00106140 BTC.
• Ethereum Classic (ETC) traded up 1.7% against the dollar and now trades at $26.40 or 0.00027876 BTC.
• Monero (XMR) traded up 4.3% against the dollar and now trades at $198.97 or 0.00210090 BTC.
• Arweave (AR) traded up 4.3% against the dollar and now trades at $17.39 or 0.00018360 BTC.
• IOTA (MIOTA) traded 2.4% higher against the dollar and now trades at $0.30 or 0.00000320 BTC.
• Bitcoin SV (BSV) traded 1.8% higher against the dollar and now trades at $53.84 or 0.00056844 BTC.

Ergo Coin Profile

ERG is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. Its launch date was July 1st, 2019. Ergo’s total supply is 79,061,358 coins and its circulating supply is 79,061,190 coins. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. The official message board for Ergo is www.ergoforum.org. The Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed here. Ergo’s official website is ergoplatform.org.

According to CryptoCompare, “Ergo (ERG) is a decentralized, blockchain-based platform designed for secure and efficient financial contracts, utilizing advanced Sigma protocols and blockchain technology. It was developed by Alex Chepurnoy and Dmitry Meshkov, experts in cryptography and blockchain. The ERG token, native to the Ergo platform, is used for transaction fees, to execute smart contracts, and in DeFi applications such as lending, borrowing, and yield farming. The platform uses a unique Proof-of-Work consensus algorithm, “Autolykos,” offering enhanced ASIC-resistance and security, with miners rewarded in ERG tokens. Before Ergo’s launch, Ergo First Year Tokens (EFYT) were distributed on the Waves platform to build a community and fundraise. These were swapped with a fraction of ERG tokens after the mainnet launch in July 2019.”

Ergo Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire Ergo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView