Ergo (ERG) Self Reported Market Capitalization Achieves $57.37 Million

Ergo (ERG) traded down 7% against the dollar during the 24-hour period ending at 16:00 PM E.T. on August 7th. One Ergo coin can currently be bought for $0.75 or 0.00001362 BTC on major exchanges. In the last seven days, Ergo has traded 9.3% lower against the dollar. Ergo has a market cap of $57.37 million and approximately $498,947.07 worth of Ergo was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 2.7% lower against the dollar and now trades at $54,845.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.5% lower against the dollar and now trades at $0.0958 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded 3.1% lower against the dollar and now trades at $310.62 or 0.00566179 BTC.
• UNUS SED LEO (LEO) traded up 5.3% against the dollar and now trades at $6.04 or 0.00011002 BTC.
• Litecoin (LTC) traded 5.1% lower against the dollar and now trades at $55.90 or 0.00101900 BTC.
• Monero (XMR) traded down 1.7% against the dollar and now trades at $147.17 or 0.00268256 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $17.94 or 0.00032695 BTC.
• Arweave (AR) traded down 6.2% against the dollar and now trades at $19.52 or 0.00035588 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 2.3% higher against the dollar and now trades at $38.42 or 0.00070023 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 76,791,252 coins and its circulating supply is 76,791,156 coins. The Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed here. The official website for Ergo is ergoplatform.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. 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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView