Ergo Trading 6.2% Higher This Week (ERG)

Ergo (ERG) traded 3.3% lower against the US dollar during the 1-day period ending at 17:00 PM ET on August 26th. One Ergo coin can now be bought for approximately $0.80 or 0.00001264 BTC on major cryptocurrency exchanges. Ergo has a market cap of $61.52 million and approximately $358,121.90 worth of Ergo was traded on exchanges in the last day. Over the last seven days, Ergo has traded up 6.2% against the US dollar.

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

• Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $63,115.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5% lower against the dollar and now trades at $0.10 or 0.00000166 BTC.
• Bitcoin Cash (BCH) traded 5.7% lower against the dollar and now trades at $341.06 or 0.00540365 BTC.
• UNUS SED LEO (LEO) traded 0.9% lower against the dollar and now trades at $5.84 or 0.00009245 BTC.
• Litecoin (LTC) traded 2.9% lower against the dollar and now trades at $63.43 or 0.00100500 BTC.
• Monero (XMR) traded down 0.5% against the dollar and now trades at $165.76 or 0.00262627 BTC.
• Ethereum Classic (ETC) traded 4% lower against the dollar and now trades at $19.44 or 0.00030806 BTC.
• Arweave (AR) traded 4.5% lower against the dollar and now trades at $24.91 or 0.00039470 BTC.
• Bitcoin SV (BSV) traded 6.2% lower against the dollar and now trades at $43.81 or 0.00069414 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

Ergo (CRYPTO:ERG) is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. Its genesis date was July 1st, 2019. Ergo’s total supply is 77,115,372 coins and its circulating supply is 77,116,236 coins. The official website for Ergo is ergoplatform.org. The official message board for Ergo is www.ergoforum.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.

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 purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to acquire Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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