Ergo Price Hits $0.95 (ERG)

Ergo (ERG) traded 5.1% higher against the U.S. dollar during the 24-hour period ending at 20:00 PM ET on July 1st. In the last week, Ergo has traded 4.4% higher against the U.S. dollar. Ergo has a market cap of $72.35 million and approximately $851,533.97 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can currently be purchased for about $0.95 or 0.00001512 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0.5% higher against the dollar and now trades at $62,826.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.8% against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Bitcoin Cash (BCH) traded 2.3% lower against the dollar and now trades at $383.56 or 0.00610499 BTC.
• Litecoin (LTC) traded 1.2% lower against the dollar and now trades at $74.27 or 0.00118219 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $5.78 or 0.00009205 BTC.
• Ethereum Classic (ETC) traded 2% lower against the dollar and now trades at $23.16 or 0.00036866 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $167.94 or 0.00267303 BTC.
• Arweave (AR) traded up 1.8% against the dollar and now trades at $28.18 or 0.00044846 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $44.17 or 0.00070303 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

Ergo (CRYPTO: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 76,145,457 coins and its circulating supply is 76,146,348 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 website is ergoplatform.org. 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 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 Coinbase, Changelly or Gemini. 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