Ergo (ERG) Trading Up 5.9% This Week

Ergo (ERG) traded 2.8% lower against the US dollar during the 24-hour period ending at 20:00 PM E.T. on August 9th. One Ergo coin can currently be purchased for about $0.81 or 0.00001316 BTC on major cryptocurrency exchanges. Ergo has a market capitalization of $61.95 million and $383,752.11 worth of Ergo was traded on exchanges in the last day. Over the last seven days, Ergo has traded 5.9% higher against the US dollar.

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

• Bitcoin (BTC) traded down 0.4% against the dollar and now trades at $61,261.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $350.48 or 0.00572103 BTC.
• UNUS SED LEO (LEO) traded 1.1% lower against the dollar and now trades at $5.78 or 0.00009443 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $61.27 or 0.00100021 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $19.61 or 0.00032005 BTC.
• Monero (XMR) traded 3.8% lower against the dollar and now trades at $153.06 or 0.00249839 BTC.
• Arweave (AR) traded down 0.5% against the dollar and now trades at $22.37 or 0.00036512 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $42.70 or 0.00069707 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Profile

ERG is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. Its genesis date was July 1st, 2019. Ergo’s total supply is 76,827,036 coins and its circulating supply is 76,827,996 coins. Ergo’s official website is ergoplatform.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 message board is www.ergoforum.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible 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.”

Ergo Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire Ergo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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