Ergo (ERG) One Day Trading Volume Reaches $746,092.75

Ergo (ERG) traded down 4.2% against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on May 7th. Ergo has a market capitalization of $92.97 million and $746,092.75 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can now be bought for about $1.24 or 0.00001972 BTC on major cryptocurrency exchanges. Over the last seven days, Ergo has traded down 1.5% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $62,786.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.4% against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded down 2.2% against the dollar and now trades at $468.19 or 0.00745694 BTC.
• Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $81.09 or 0.00129152 BTC.
• UNUS SED LEO (LEO) traded 1.6% higher against the dollar and now trades at $5.89 or 0.00009375 BTC.
• Ethereum Classic (ETC) traded 0.6% higher against the dollar and now trades at $27.46 or 0.00043730 BTC.
• Arweave (AR) traded down 9.2% against the dollar and now trades at $37.91 or 0.00060378 BTC.
• Monero (XMR) traded 1.1% lower against the dollar and now trades at $130.31 or 0.00207545 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $63.52 or 0.00101162 BTC.
• eCash (XEC) traded down 3.1% against the dollar and now trades at $0.0000 or 0.00000000 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 75,087,921 coins and its circulating supply is 75,088,974 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 U.S. dollars. Investors seeking to acquire Ergo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView