Ergo (ERG) Self Reported Market Capitalization Achieves $53.49 Million

Ergo (ERG) traded 8.5% lower against the dollar during the 24-hour period ending at 22:00 PM ET on August 4th. One Ergo coin can now be purchased for about $0.70 or 0.00001293 BTC on cryptocurrency exchanges. In the last seven days, Ergo has traded 19.1% lower against the dollar. Ergo has a total market capitalization of $53.49 million and approximately $528,676.53 worth of Ergo was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 11.4% lower against the dollar and now trades at $53,925.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 16.1% lower against the dollar and now trades at $0.0913 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded down 16.8% against the dollar and now trades at $302.15 or 0.00560309 BTC.
• UNUS SED LEO (LEO) traded down 1.2% against the dollar and now trades at $5.66 or 0.00010500 BTC.
• Litecoin (LTC) traded 14.4% lower against the dollar and now trades at $55.59 or 0.00103080 BTC.
• Monero (XMR) traded 4.3% lower against the dollar and now trades at $143.92 or 0.00266878 BTC.
• Ethereum Classic (ETC) traded 14.7% lower against the dollar and now trades at $16.85 or 0.00031239 BTC.
• Arweave (AR) traded 19.3% lower against the dollar and now trades at $18.73 or 0.00034738 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 18% lower against the dollar and now trades at $35.63 or 0.00066067 BTC.

About 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 76,744,044 coins and its circulating supply is 76,744,692 coins. Ergo’s official website is ergoplatform.org. 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. 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 possible to purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to acquire Ergo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView