Ergo Reaches Self Reported Market Cap of $88.82 Million (ERG)

Ergo (ERG) traded down 2.1% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on November 20th. One Ergo coin can now be bought for approximately $1.24 or 0.00003311 BTC on popular exchanges. Ergo has a total market capitalization of $88.82 million and $379,744.85 worth of Ergo was traded on exchanges in the last day. During the last week, Ergo has traded 2.9% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $37,554.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.9% against the dollar and now trades at $0.0771 or 0.00000205 BTC.
• Litecoin (LTC) traded 1.3% lower against the dollar and now trades at $69.51 or 0.00185094 BTC.
• Bitcoin Cash (BCH) traded down 1.1% against the dollar and now trades at $227.00 or 0.00604448 BTC.
• UNUS SED LEO (LEO) traded 1.7% lower against the dollar and now trades at $3.97 or 0.00010575 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $164.73 or 0.00438625 BTC.
• Ethereum Classic (ETC) traded 0.6% lower against the dollar and now trades at $19.38 or 0.00051594 BTC.
• DEI (DEI) traded 4.4% lower against the dollar and now trades at $0.0115 or 0.00000031 BTC.
• Bitcoin SV (BSV) traded down 0.9% against the dollar and now trades at $47.69 or 0.00126979 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Its genesis date was July 1st, 2019. Ergo’s total supply is 71,432,535 coins and its circulating supply is 71,433,426 coins. 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 official website for Ergo 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.”

Ergo Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to trade Ergo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView