Ergo (ERG) Reaches Self Reported Market Cap of $53.02 Million

Ergo (ERG) traded 1.2% higher against the dollar during the 24 hour period ending at 9:00 AM E.T. on October 15th. One Ergo coin can currently be bought for $0.68 or 0.00001031 BTC on exchanges. Over the last week, Ergo has traded down 0.1% against the dollar. Ergo has a total market capitalization of $53.02 million and approximately $145,691.60 worth of Ergo was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $65,997.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% higher against the dollar and now trades at $0.11 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded up 6.5% against the dollar and now trades at $363.20 or 0.00550323 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.15 or 0.00009317 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $66.83 or 0.00101264 BTC.
• Monero (XMR) traded 0.1% lower against the dollar and now trades at $154.66 or 0.00234342 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $19.12 or 0.00028975 BTC.
• Arweave (AR) traded 1.4% higher against the dollar and now trades at $19.55 or 0.00029619 BTC.
• Bitcoin SV (BSV) traded up 3.6% against the dollar and now trades at $48.93 or 0.00074133 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. It launched on July 1st, 2019. Ergo’s total supply is 77,946,972 coins and its circulating supply is 77,948,736 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.”

Ergo Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView