Ergo (ERG) Hits Self Reported Market Cap of $134.64 Million

Ergo (ERG) traded 4.4% lower against the US dollar during the 1-day period ending at 23:00 PM E.T. on April 2nd. Ergo has a market capitalization of $134.64 million and $346,990.01 worth of Ergo was traded on exchanges in the last day. One Ergo coin can currently be purchased for $1.81 or 0.00002747 BTC on cryptocurrency exchanges. Over the last week, Ergo has traded down 1.4% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $65,887.58 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.19 or 0.00000282 BTC.
  • Bitcoin Cash (BCH) traded 4.3% higher against the dollar and now trades at $629.63 or 0.00955615 BTC.
  • Litecoin (LTC) traded up 7.2% against the dollar and now trades at $101.92 or 0.00154690 BTC.
  • UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $6.03 or 0.00009147 BTC.
  • Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $30.29 or 0.00045979 BTC.
  • Monero (XMR) traded up 2.2% against the dollar and now trades at $122.36 or 0.00185707 BTC.
  • Arweave (AR) traded 0.6% lower against the dollar and now trades at $34.31 or 0.00052070 BTC.
  • Bitcoin SV (BSV) traded down 1.2% against the dollar and now trades at $87.58 or 0.00132917 BTC.
  • Conflux (CFX) traded 2.1% lower against the dollar and now trades at $0.37 or 0.00000567 BTC.

Ergo Profile

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 74,401,452 coins and its circulating supply is 74,403,432 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 message board for Ergo is www.ergoforum.org. 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.”

Buying and Selling Ergo

It is usually not 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, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the exchanges listed above.

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