Ergo Trading 5.9% Lower This Week (ERG)

Ergo (ERG) traded down 3.1% against the dollar during the twenty-four hour period ending at 22:00 PM Eastern on July 29th. One Ergo coin can now be purchased for $0.83 or 0.00001261 BTC on major exchanges. Ergo has a market capitalization of $63.95 million and $502,631.58 worth of Ergo was traded on exchanges in the last day. During the last seven days, Ergo has traded down 5.9% against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 4.7% against the dollar and now trades at $66,165.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.9% against the dollar and now trades at $0.13 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded 3.4% higher against the dollar and now trades at $434.74 or 0.00657052 BTC.
• Litecoin (LTC) traded 1.2% higher against the dollar and now trades at $73.21 or 0.00110646 BTC.
• UNUS SED LEO (LEO) traded down 2.8% against the dollar and now trades at $5.70 or 0.00008617 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $22.66 or 0.00034245 BTC.
• Monero (XMR) traded down 3% against the dollar and now trades at $159.31 or 0.00240774 BTC.
• Arweave (AR) traded down 5.6% against the dollar and now trades at $30.64 or 0.00046311 BTC.
• Bitcoin SV (BSV) traded up 8% against the dollar and now trades at $51.41 or 0.00077706 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Ergo

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 76,641,204 coins and its circulating supply is 76,641,684 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 message board is www.ergoforum.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView