Ergo Reaches Self Reported Market Cap of $50.56 Million (ERG)

Ergo (ERG) traded 2% lower against the U.S. dollar during the 1 day period ending at 15:00 PM Eastern on October 22nd. In the last week, Ergo has traded down 4.5% against the U.S. dollar. Ergo has a market capitalization of $50.56 million and approximately $48,773.92 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can now be bought for about $0.65 or 0.00000960 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $67,456.88 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.9% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded 1.9% lower against the dollar and now trades at $356.67 or 0.00528733 BTC.
• UNUS SED LEO (LEO) traded 3.2% lower against the dollar and now trades at $5.91 or 0.00008757 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $69.73 or 0.00103367 BTC.
• Monero (XMR) traded up 1.1% against the dollar and now trades at $156.91 or 0.00232610 BTC.
• Ethereum Classic (ETC) traded 2.8% lower against the dollar and now trades at $19.00 or 0.00028168 BTC.
• Arweave (AR) traded 0.8% lower against the dollar and now trades at $18.38 or 0.00027240 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $48.15 or 0.00071382 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

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 78,058,083 coins and its circulating supply is 78,057,705 coins. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. Ergo’s official message board is www.ergoforum.org. Ergo’s official website is ergoplatform.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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase 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