Ergo (ERG) Achieves Self Reported Market Capitalization of $64.37 Million

Ergo (ERG) traded 6.5% lower against the U.S. dollar during the one day period ending at 22:00 PM E.T. on July 4th. Over the last week, Ergo has traded down 7.1% against the U.S. dollar. One Ergo coin can now be purchased for $0.84 or 0.00001480 BTC on popular cryptocurrency exchanges. Ergo has a total market capitalization of $64.37 million and $672,647.29 worth of Ergo was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 3.3% against the dollar and now trades at $57,251.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 10.7% lower against the dollar and now trades at $0.10 or 0.00000180 BTC.
• Bitcoin Cash (BCH) traded 10.5% lower against the dollar and now trades at $322.94 or 0.00565739 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.78 or 0.00010131 BTC.
• Litecoin (LTC) traded 11.1% lower against the dollar and now trades at $62.47 or 0.00109439 BTC.
• Ethereum Classic (ETC) traded down 7.3% against the dollar and now trades at $20.30 or 0.00035561 BTC.
• Monero (XMR) traded down 6.4% against the dollar and now trades at $153.17 or 0.00268329 BTC.
• Arweave (AR) traded 11.9% lower against the dollar and now trades at $21.73 or 0.00038071 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 15.4% against the dollar and now trades at $35.06 or 0.00061413 BTC.

Ergo Coin Profile

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 76,206,828 coins and its circulating supply is 76,206,612 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 message board is www.ergoforum.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. The official website for Ergo 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 presently possible to purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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