Ergo (ERG) Self Reported Market Cap Tops $56.41 Million

Ergo (ERG) traded 1.5% higher against the US dollar during the 1-day period ending at 19:00 PM Eastern on September 10th. Ergo has a market capitalization of $56.41 million and $254,766.00 worth of Ergo was traded on exchanges in the last day. Over the last week, Ergo has traded up 3.2% against the US dollar. One Ergo coin can currently be purchased for about $0.73 or 0.00001260 BTC on major exchanges.

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

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $57,849.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% lower against the dollar and now trades at $0.10 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded up 1.9% against the dollar and now trades at $329.82 or 0.00570138 BTC.
• UNUS SED LEO (LEO) traded up 5.8% against the dollar and now trades at $5.70 or 0.00009848 BTC.
• Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $61.71 or 0.00106671 BTC.
• Monero (XMR) traded down 3.1% against the dollar and now trades at $166.80 or 0.00288327 BTC.
• Ethereum Classic (ETC) traded 1.1% higher against the dollar and now trades at $18.61 or 0.00032163 BTC.
• Arweave (AR) traded 4.5% lower against the dollar and now trades at $19.91 or 0.00034421 BTC.
• Bitcoin SV (BSV) traded up 9.8% against the dollar and now trades at $50.73 or 0.00087688 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

Ergo (ERG) is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. Its launch date was July 1st, 2019. Ergo’s total supply is 77,375,628 coins and its circulating supply is 77,375,892 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 message board is www.ergoforum.org. 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 currently possible to purchase alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire Ergo should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView