Ergo Hits Self Reported Market Cap of $63.01 Million (ERG)

Ergo (ERG) traded 5.9% higher against the dollar during the one day period ending at 11:00 AM Eastern on August 9th. One Ergo coin can now be bought for about $0.82 or 0.00001368 BTC on popular cryptocurrency exchanges. Ergo has a market capitalization of $63.01 million and $415,625.41 worth of Ergo was traded on exchanges in the last 24 hours. In the last seven days, Ergo has traded up 5% against the dollar.

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

• Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $59,973.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.10 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded up 4.6% against the dollar and now trades at $345.00 or 0.00575470 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.80 or 0.00009676 BTC.
• Litecoin (LTC) traded up 1.1% against the dollar and now trades at $59.86 or 0.00099846 BTC.
• Monero (XMR) traded 2% higher against the dollar and now trades at $155.27 or 0.00258989 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $19.07 or 0.00031811 BTC.
• Arweave (AR) traded 0.8% lower against the dollar and now trades at $21.46 or 0.00035797 BTC.
• Bitcoin SV (BSV) traded 2.1% lower against the dollar and now trades at $41.79 or 0.00069701 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

Ergo (CRYPTO: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 76,821,948 coins and its circulating supply is 76,823,100 coins. The official message board for Ergo is www.ergoforum.org. 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.

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 acquire Ergo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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