Ergo (ERG) Self Reported Market Capitalization Reaches $69.99 Million

Ergo (ERG) traded down 4.5% against the US dollar during the one day period ending at 14:00 PM E.T. on June 24th. Ergo has a market capitalization of $69.99 million and approximately $710,612.71 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can currently be purchased for about $0.92 or 0.00001529 BTC on major cryptocurrency exchanges. Over the last week, Ergo has traded down 8.6% against the US dollar.

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

• Bitcoin (BTC) traded 6% lower against the dollar and now trades at $60,218.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.4% against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded 9.1% lower against the dollar and now trades at $349.60 or 0.00580555 BTC.
• UNUS SED LEO (LEO) traded 3.6% higher against the dollar and now trades at $5.73 or 0.00009519 BTC.
• Litecoin (LTC) traded 7.3% lower against the dollar and now trades at $69.12 or 0.00114778 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $22.63 or 0.00037586 BTC.
• Monero (XMR) traded 2.2% lower against the dollar and now trades at $158.25 or 0.00262788 BTC.
• Arweave (AR) traded 1.2% lower against the dollar and now trades at $26.26 or 0.00043601 BTC.
• Bitcoin SV (BSV) traded 6.1% lower against the dollar and now trades at $42.89 or 0.00071229 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Profile

Ergo is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. Its genesis date was July 1st, 2019. Ergo’s total supply is 76,005,813 coins and its circulating supply is 76,007,082 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 website is ergoplatform.org. Ergo’s official message board is www.ergoforum.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible 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.”

Buying and Selling Ergo

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

ERG/USD price chart by TradingView