Ergo Trading Up 4.8% Over Last 7 Days (ERG)

Ergo (ERG) traded 1.4% lower against the dollar during the one day period ending at 14:00 PM Eastern on November 2nd. In the last seven days, Ergo has traded 4.8% higher against the dollar. Ergo has a total market capitalization of $51.89 million and $74,735.15 worth of Ergo was traded on exchanges in the last day. One Ergo coin can currently be purchased for approximately $0.66 or 0.00000957 BTC on popular exchanges.

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

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $69,345.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.16 or 0.00000228 BTC.
• Bitcoin Cash (BCH) traded down 1.2% against the dollar and now trades at $346.15 or 0.00499223 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008730 BTC.
• Litecoin (LTC) traded 1.1% lower against the dollar and now trades at $69.41 or 0.00100109 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $155.76 or 0.00224634 BTC.
• Ethereum Classic (ETC) traded down 2.5% against the dollar and now trades at $18.09 or 0.00026087 BTC.
• Bitcoin SV (BSV) traded down 3.4% against the dollar and now trades at $48.60 or 0.00070094 BTC.
• Arweave (AR) traded 6.9% lower against the dollar and now trades at $14.25 or 0.00020555 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo 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 78,220,455 coins and its circulating supply is 78,220,770 coins. 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. 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 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 Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView