Ergo (ERG) Achieves Self Reported Market Capitalization of $133.90 Million

Ergo (ERG) traded down 10.6% against the dollar during the 1 day period ending at 7:00 AM Eastern on March 19th. One Ergo coin can now be bought for about $1.81 or 0.00002888 BTC on major cryptocurrency exchanges. Ergo has a market cap of $133.90 million and $577,443.32 worth of Ergo was traded on exchanges in the last 24 hours. Over the last seven days, Ergo has traded down 18.5% against the dollar.

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

• Bitcoin (BTC) traded down 8.3% against the dollar and now trades at $62,581.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 14.8% lower against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Bitcoin Cash (BCH) traded 10.7% lower against the dollar and now trades at $361.68 or 0.00577930 BTC.
• Litecoin (LTC) traded down 8.1% against the dollar and now trades at $78.06 or 0.00124735 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $6.06 or 0.00009687 BTC.
• Ethereum Classic (ETC) traded 12.6% lower against the dollar and now trades at $27.60 or 0.00044102 BTC.
• Monero (XMR) traded 7.8% lower against the dollar and now trades at $129.41 or 0.00206788 BTC.
• Arweave (AR) traded down 15.2% against the dollar and now trades at $30.38 or 0.00048549 BTC.
• Bitcoin SV (BSV) traded 12.8% lower against the dollar and now trades at $72.58 or 0.00115976 BTC.
• Conflux (CFX) traded 11.6% lower against the dollar and now trades at $0.36 or 0.00000578 BTC.

Ergo Profile

Ergo (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 74,087,652 coins and its circulating supply is 74,088,042 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. Ergo’s official message board 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 U.S. dollars. Investors seeking to trade Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView