Ergo (ERG) Achieves Self Reported Market Capitalization of $61.81 Million

Ergo (ERG) traded down 3.1% against the U.S. dollar during the 1 day period ending at 21:00 PM ET on July 25th. One Ergo coin can now be bought for about $0.81 or 0.00001217 BTC on popular exchanges. Ergo has a market capitalization of $61.81 million and approximately $487,061.23 worth of Ergo was traded on exchanges in the last 24 hours. In the last week, Ergo has traded 12.6% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded up 2.8% against the dollar and now trades at $66,331.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.5% against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded up 2.6% against the dollar and now trades at $365.05 or 0.00550350 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.91 or 0.00008907 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $69.53 or 0.00104825 BTC.
• Ethereum Classic (ETC) traded down 0.3% against the dollar and now trades at $22.19 or 0.00033460 BTC.
• Monero (XMR) traded 4% higher against the dollar and now trades at $165.07 or 0.00248851 BTC.
• Arweave (AR) traded 1.7% higher against the dollar and now trades at $30.39 or 0.00045816 BTC.
• Bitcoin SV (BSV) traded 0.3% higher against the dollar and now trades at $42.92 or 0.00064707 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Ergo

Ergo (ERG) is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. It was first traded on July 1st, 2019. Ergo’s total supply is 76,572,804 coins and its circulating supply is 76,572,732 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. Ergo’s official website is ergoplatform.org. The Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed here.

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 presently possible to buy alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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