Ergo Reaches Self Reported Market Cap of $96.45 Million (ERG)

Ergo (ERG) traded 1.3% higher against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on May 3rd. In the last week, Ergo has traded down 7.7% against the dollar. Ergo has a total market cap of $96.45 million and approximately $388,116.57 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can currently be purchased for approximately $1.29 or 0.00002173 BTC on major exchanges.

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

• Bitcoin (BTC) traded 1.4% higher against the dollar and now trades at $59,155.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.5% higher against the dollar and now trades at $0.13 or 0.00000223 BTC.
• Bitcoin Cash (BCH) traded up 2.3% against the dollar and now trades at $434.76 or 0.00734812 BTC.
• Litecoin (LTC) traded 1.1% lower against the dollar and now trades at $79.78 or 0.00134833 BTC.
• UNUS SED LEO (LEO) traded 1.6% higher against the dollar and now trades at $5.93 or 0.00010017 BTC.
• Ethereum Classic (ETC) traded down 0.9% against the dollar and now trades at $25.62 or 0.00043307 BTC.
• Monero (XMR) traded 2.2% lower against the dollar and now trades at $122.64 or 0.00207273 BTC.
• Arweave (AR) traded up 13.7% against the dollar and now trades at $34.41 or 0.00058152 BTC.
• Bitcoin SV (BSV) traded up 0.5% against the dollar and now trades at $58.71 or 0.00099226 BTC.
• eCash (XEC) traded 2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Ergo Profile

Ergo (ERG) 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 74,999,280 coins and its circulating supply is 75,000,252 coins. The official message board for Ergo 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. 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 trade Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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