Ergo Reaches Self Reported Market Capitalization of $50.40 Million (ERG)

Ergo (ERG) traded down 0.3% against the dollar during the 1-day period ending at 8:00 AM ET on October 19th. One Ergo coin can now be purchased for approximately $0.65 or 0.00000949 BTC on exchanges. Ergo has a total market capitalization of $50.40 million and approximately $131,355.94 worth of Ergo was traded on exchanges in the last 24 hours. During the last seven days, Ergo has traded 3.2% lower against the dollar.

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

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $68,087.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.7% higher against the dollar and now trades at $0.14 or 0.00000209 BTC.
• Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $361.94 or 0.00531695 BTC.
• Litecoin (LTC) traded up 4.2% against the dollar and now trades at $74.92 or 0.00110065 BTC.
• UNUS SED LEO (LEO) traded 1.3% higher against the dollar and now trades at $6.08 or 0.00008929 BTC.
• Monero (XMR) traded up 0.7% against the dollar and now trades at $161.06 or 0.00236597 BTC.
• Ethereum Classic (ETC) traded 0.7% higher against the dollar and now trades at $19.22 or 0.00028231 BTC.
• Arweave (AR) traded 0.8% lower against the dollar and now trades at $18.60 or 0.00027327 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $50.27 or 0.00073847 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About 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 78,007,179 coins and its circulating supply is 78,007,452 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.”

Buying and Selling Ergo

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

ERG/USD price chart by TradingView