Ergo Reaches Self Reported Market Capitalization of $119.11 Million (ERG)

Ergo (ERG) traded up 15.2% against the US dollar during the twenty-four hour period ending at 18:00 PM E.T. on April 18th. Over the last week, Ergo has traded down 5.5% against the US dollar. One Ergo coin can now be bought for approximately $1.59 or 0.00002506 BTC on cryptocurrency exchanges. Ergo has a market capitalization of $119.11 million and approximately $368,918.63 worth of Ergo was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 3.2% against the dollar and now trades at $63,618.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% higher against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded up 4.5% against the dollar and now trades at $486.40 or 0.00764567 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $81.26 or 0.00127724 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $5.86 or 0.00009210 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $26.29 or 0.00041321 BTC.
• Monero (XMR) traded 1.5% lower against the dollar and now trades at $117.18 or 0.00184196 BTC.
• Arweave (AR) traded 2.7% higher against the dollar and now trades at $25.35 or 0.00039853 BTC.
• Bitcoin SV (BSV) traded 2.4% higher against the dollar and now trades at $67.44 or 0.00106003 BTC.
• eCash (XEC) traded up 3.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Ergo Coin Profile

Ergo (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 74,716,131 coins and its circulating supply is 74,716,725 coins. The official website for Ergo is ergoplatform.org. 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 Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed 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 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 Gemini, GDAX or Coinbase. 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