Ergo Price Reaches $1.21 on Major Exchanges (ERG)

Ergo (ERG) traded 0.2% higher against the US dollar during the 24-hour period ending at 18:00 PM E.T. on May 26th. During the last seven days, Ergo has traded down 3.1% against the US dollar. Ergo has a total market capitalization of $91.59 million and $527,740.64 worth of Ergo was traded on exchanges in the last day. One Ergo coin can now be bought for about $1.21 or 0.00001770 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.7% against the dollar and now trades at $68,597.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% lower against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded down 1.5% against the dollar and now trades at $484.77 or 0.00706696 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $84.06 or 0.00122539 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.95 or 0.00008671 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $31.98 or 0.00046619 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $143.00 or 0.00208456 BTC.
• Arweave (AR) traded down 3.4% against the dollar and now trades at $38.67 or 0.00056368 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $63.58 or 0.00092684 BTC.
• eCash (XEC) traded 2.3% lower against the dollar and now trades at $0.0000 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 75,452,637 coins and its circulating supply is 75,452,502 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. The official message board for Ergo is www.ergoforum.org. Ergo’s official website is ergoplatform.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 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, Changelly or Gemini. 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