Ergo Hits Self Reported Market Cap of $59.16 Million (ERG)

Ergo (ERG) traded down 3.5% against the US dollar during the twenty-four hour period ending at 14:00 PM ET on August 11th. One Ergo coin can now be purchased for $0.77 or 0.00001279 BTC on exchanges. In the last week, Ergo has traded 7.4% higher against the US dollar. Ergo has a total market capitalization of $59.16 million and $379,283.34 worth of Ergo was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $60,210.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.4% lower against the dollar and now trades at $0.11 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 3.3% against the dollar and now trades at $340.42 or 0.00565595 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.81 or 0.00009653 BTC.
• Litecoin (LTC) traded 0.1% higher against the dollar and now trades at $61.19 or 0.00101667 BTC.
• Ethereum Classic (ETC) traded down 2.4% against the dollar and now trades at $18.88 or 0.00031364 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $150.16 or 0.00249476 BTC.
• Arweave (AR) traded 3.9% lower against the dollar and now trades at $20.61 or 0.00034241 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 5.2% lower against the dollar and now trades at $41.14 or 0.00068344 BTC.

Ergo Profile

Ergo (CRYPTO:ERG) is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. It launched on July 1st, 2019. Ergo’s total supply is 76,858,068 coins and its circulating supply is 76,858,860 coins. 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 Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed here. The official website for Ergo is ergoplatform.org.

According to CryptoCompare, “Ergo builds advanced cryptographic features and radically new DeFi functionality on the rock-solid foundations laid by a decade of blockchain theory and development. Ergo is the open protocol that implements modern scientific ideas in the blockchain area. Ergo operates an open contributor model where anyone is welcome to contribute.EFYT (Ergo First Year Tokens) served the dual purposes of helping to build an early community of stake holders and enthusiasts for Ergo and of raising a small amount of funds for the platform before launch to fund development, promotion etc. EFYT is strictly a Waves token and is not the same as an ERG, which is the Ergo mainnet native token mined after Ergo’s mainnet launch.EFYT were swapped with a fraction of the ERG mined within the first 1 year post mainnet launch (July 1st 2019)”

Ergo Coin Trading

It is usually not 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 GDAX, Changelly or Gemini. 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