Ergo Self Reported Market Capitalization Hits $49.59 Million (ERG)

Ergo (ERG) traded down 1.9% against the US dollar during the 1-day period ending at 23:00 PM Eastern on October 25th. One Ergo coin can now be purchased for approximately $0.63 or 0.00000950 BTC on exchanges. Ergo has a total market cap of $49.59 million and approximately $91,882.04 worth of Ergo was traded on exchanges in the last 24 hours. In the last seven days, Ergo has traded down 2.6% against the US dollar.

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

• Bitcoin (BTC) traded 1.8% lower against the dollar and now trades at $66,801.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.5% lower against the dollar and now trades at $0.13 or 0.00000200 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $354.21 or 0.00530249 BTC.
• UNUS SED LEO (LEO) traded down 1.6% against the dollar and now trades at $6.00 or 0.00008987 BTC.
• Litecoin (LTC) traded down 2.8% against the dollar and now trades at $69.35 or 0.00103817 BTC.
• Monero (XMR) traded up 0.3% against the dollar and now trades at $158.02 or 0.00236549 BTC.
• Ethereum Classic (ETC) traded down 1.8% against the dollar and now trades at $18.41 or 0.00027561 BTC.
• Arweave (AR) traded 11.4% lower against the dollar and now trades at $16.16 or 0.00024194 BTC.
• Bitcoin SV (BSV) traded down 5.4% against the dollar and now trades at $45.62 or 0.00068289 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. Its launch date was July 1st, 2019. Ergo’s total supply is 78,106,488 coins and its circulating supply is 78,107,496 coins. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. Ergo’s official website is ergoplatform.org. Ergo’s official message board is www.ergoforum.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.”

Ergo Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to acquire Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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