Ergo (ERG) Price Tops $0.87 on Major Exchanges

Ergo (ERG) traded down 0.8% against the US dollar during the twenty-four hour period ending at 14:00 PM ET on July 28th. In the last week, Ergo has traded 3.3% lower against the US dollar. One Ergo coin can now be purchased for $0.87 or 0.00001281 BTC on exchanges. Ergo has a total market capitalization of $66.86 million and $536,533.05 worth of Ergo was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $68,181.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% lower against the dollar and now trades at $0.13 or 0.00000191 BTC.
• Bitcoin Cash (BCH) traded up 4.5% against the dollar and now trades at $411.79 or 0.00604279 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $5.86 or 0.00008592 BTC.
• Litecoin (LTC) traded 0.6% lower against the dollar and now trades at $71.38 or 0.00104742 BTC.
• Ethereum Classic (ETC) traded down 1.1% against the dollar and now trades at $22.74 or 0.00033364 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $164.24 or 0.00241016 BTC.
• Arweave (AR) traded 2.5% lower against the dollar and now trades at $30.77 or 0.00045158 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $45.21 or 0.00066338 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo 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 76,617,804 coins and its circulating supply is 76,618,236 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 message board is www.ergoforum.org. The official website for Ergo is ergoplatform.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.”

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 GDAX, Changelly 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