Ergo (ERG) Self Reported Market Cap Achieves $58.32 Million

Ergo (ERG) traded 2.3% lower against the dollar during the twenty-four hour period ending at 15:00 PM E.T. on August 17th. One Ergo coin can now be purchased for about $0.76 or 0.00001276 BTC on popular exchanges. In the last seven days, Ergo has traded 5.1% lower against the dollar. Ergo has a total market cap of $58.32 million and $331,567.59 worth of Ergo was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $59,363.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.7% higher against the dollar and now trades at $0.10 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $342.03 or 0.00576029 BTC.
• UNUS SED LEO (LEO) traded 2.1% higher against the dollar and now trades at $5.96 or 0.00010034 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $67.66 or 0.00113957 BTC.
• Ethereum Classic (ETC) traded 0.1% lower against the dollar and now trades at $18.79 or 0.00031646 BTC.
• Monero (XMR) traded 0.4% lower against the dollar and now trades at $149.12 or 0.00251143 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $21.23 or 0.00035755 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $42.40 or 0.00071406 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 was first traded on July 1st, 2019. Ergo’s total supply is 76,960,044 coins and its circulating supply is 76,960,956 coins. 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. Ergo’s official website is ergoplatform.org. Ergo’s official message board 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.”

Ergo Coin Trading

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

ERG/USD price chart by TradingView