Ergo Trading 6.2% Lower Over Last Week (ERG)

Ergo (ERG) traded up 0.2% against the US dollar during the 24 hour period ending at 7:00 AM E.T. on October 20th. One Ergo coin can now be bought for $0.65 or 0.00000947 BTC on popular cryptocurrency exchanges. Over the last week, Ergo has traded down 6.2% against the US dollar. Ergo has a market cap of $50.55 million and $94,038.24 worth of Ergo was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 0.1% against the dollar and now trades at $68,379.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.2% against the dollar and now trades at $0.14 or 0.00000209 BTC.
• Bitcoin Cash (BCH) traded 0.2% lower against the dollar and now trades at $363.55 or 0.00531662 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $6.10 or 0.00008927 BTC.
• Litecoin (LTC) traded 1% lower against the dollar and now trades at $74.92 or 0.00109566 BTC.
• Monero (XMR) traded 0.8% lower against the dollar and now trades at $160.52 or 0.00234745 BTC.
• Ethereum Classic (ETC) traded 1.8% higher against the dollar and now trades at $19.66 or 0.00028748 BTC.
• Arweave (AR) traded up 1.6% against the dollar and now trades at $19.04 or 0.00027849 BTC.
• Bitcoin SV (BSV) traded 0.2% lower against the dollar and now trades at $50.48 or 0.00073816 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 genesis date was July 1st, 2019. Ergo’s total supply is 78,022,467 coins and its circulating supply is 78,022,761 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 Twitter account is @ergo_platform and its Facebook page is accessible here. Ergo’s official message board is www.ergoforum.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 trade Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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