Ergo (ERG) Reaches Self Reported Market Capitalization of $56.42 Million

Ergo (ERG) traded 0.6% lower against the US dollar during the 24 hour period ending at 12:00 PM Eastern on April 7th. Ergo has a total market cap of $56.42 million and $175,494.90 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can now be bought for about $0.70 or 0.00000899 BTC on popular exchanges. During the last week, Ergo has traded 7.3% lower against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 5.6% lower against the dollar and now trades at $5.14 or 0.00006581 BTC.
• Bitcoin (BTC) traded 4.4% lower against the dollar and now trades at $78,121.09 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 9.3% lower against the dollar and now trades at $0.15 or 0.00000187 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $8.94 or 0.00011442 BTC.
• Bitcoin Cash (BCH) traded down 8% against the dollar and now trades at $271.51 or 0.00347553 BTC.
• Litecoin (LTC) traded down 11.4% against the dollar and now trades at $69.78 or 0.00089326 BTC.
• Monero (XMR) traded down 5% against the dollar and now trades at $200.62 or 0.00256807 BTC.
• Ethereum Classic (ETC) traded down 6.4% against the dollar and now trades at $14.51 or 0.00018577 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 5.9% lower against the dollar and now trades at $0.15 or 0.00000189 BTC.

Ergo Profile

Ergo 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 80,359,587 coins and its circulating supply is 80,360,097 coins. The Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed here. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. The official website for Ergo is ergoplatform.org. The official message board for Ergo is www.ergoforum.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.”

Buying and Selling Ergo

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

ERG/USD price chart by TradingView