Ergo (ERG) One Day Trading Volume Tops $149,330.73

Ergo (ERG) traded up 21.8% against the dollar during the 1-day period ending at 11:00 AM ET on March 2nd. One Ergo coin can now be purchased for about $0.99 or 0.00001127 BTC on exchanges. Ergo has a market cap of $79.16 million and $149,330.73 worth of Ergo was traded on exchanges in the last day. During the last week, Ergo has traded 3.1% lower against the dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 3.7% against the dollar and now trades at $87,900.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.8% higher against the dollar and now trades at $0.21 or 0.00000242 BTC.
• Litecoin (LTC) traded down 4.2% against the dollar and now trades at $120.52 or 0.00137110 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $9.81 or 0.00011161 BTC.
• Bitcoin Cash (BCH) traded 5.2% higher against the dollar and now trades at $325.14 or 0.00369895 BTC.
• Monero (XMR) traded 4.1% higher against the dollar and now trades at $226.68 or 0.00257878 BTC.
• Ethereum Classic (ETC) traded 2.5% higher against the dollar and now trades at $19.54 or 0.00022227 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 10.1% against the dollar and now trades at $0.22 or 0.00000249 BTC.
• Bitcoin SV (BSV) traded up 2.2% against the dollar and now trades at $35.30 or 0.00040157 BTC.

Ergo Coin Profile

Ergo 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 79,900,014 coins and its circulating supply is 79,899,816 coins. The official message board for Ergo is www.ergoforum.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. 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.

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 presently possible to buy alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView