Ergo (ERG) Price Down 7% Over Last 7 Days

Ergo (ERG) traded down 2.1% against the US dollar during the one day period ending at 23:00 PM ET on May 5th. One Ergo coin can now be purchased for about $1.32 or 0.00002063 BTC on cryptocurrency exchanges. Over the last seven days, Ergo has traded down 7% against the US dollar. Ergo has a market capitalization of $98.84 million and $466,617.58 worth of Ergo was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $63,851.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.16 or 0.00000254 BTC.
• Bitcoin Cash (BCH) traded up 1.8% against the dollar and now trades at $467.20 or 0.00731696 BTC.
• Litecoin (LTC) traded 0% lower against the dollar and now trades at $80.84 or 0.00126602 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.83 or 0.00009132 BTC.
• Ethereum Classic (ETC) traded 3.7% higher against the dollar and now trades at $27.63 or 0.00043279 BTC.
• Arweave (AR) traded up 11.1% against the dollar and now trades at $39.99 or 0.00062629 BTC.
• Monero (XMR) traded up 7.3% against the dollar and now trades at $133.00 or 0.00208288 BTC.
• Bitcoin SV (BSV) traded up 0.6% against the dollar and now trades at $64.55 or 0.00101091 BTC.
• eCash (XEC) traded up 1.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Ergo Profile

ERG is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. It was first traded on July 1st, 2019. Ergo’s total supply is 75,050,337 coins and its circulating supply is 75,050,877 coins. 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. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. The official message board for Ergo is www.ergoforum.org.

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 presently possible to purchase alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to trade 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