Ergo (ERG) Trading 0.4% Higher This Week

Ergo (ERG) traded down 2.3% against the US dollar during the 1 day period ending at 9:00 AM E.T. on July 12th. Ergo has a market capitalization of $67.71 million and $529,873.33 worth of Ergo was traded on exchanges in the last day. In the last seven days, Ergo has traded 0.4% higher against the US dollar. One Ergo coin can currently be bought for about $0.89 or 0.00001538 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.7% lower against the dollar and now trades at $57,683.71 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% lower against the dollar and now trades at $0.11 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $350.17 or 0.00607058 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $5.67 or 0.00009835 BTC.
• Litecoin (LTC) traded 0.5% higher against the dollar and now trades at $68.77 or 0.00119223 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $21.13 or 0.00036634 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $159.28 or 0.00276123 BTC.
• Arweave (AR) traded 7.3% lower against the dollar and now trades at $22.31 or 0.00038678 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $38.63 or 0.00066964 BTC.

Ergo Profile

Ergo 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 76,341,540 coins and its circulating supply is 76,341,468 coins. The official website for Ergo is ergoplatform.org. Ergo’s official message board is www.ergoforum.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.”

Buying and Selling Ergo

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView