Ergo (ERG) Trading Down 8.7% This Week

Ergo (ERG) traded up 1.1% against the US dollar during the 24-hour period ending at 11:00 AM Eastern on January 1st. One Ergo coin can currently be purchased for about $1.60 or 0.00001695 BTC on popular exchanges. Ergo has a total market cap of $126.20 million and $294,623.32 worth of Ergo was traded on exchanges in the last day. During the last week, Ergo has traded down 8.7% against the US dollar.

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

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $94,116.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.32 or 0.00000339 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $442.41 or 0.00470069 BTC.
• UNUS SED LEO (LEO) traded up 5% against the dollar and now trades at $9.03 or 0.00009596 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $104.62 or 0.00111160 BTC.
• Ethereum Classic (ETC) traded down 2.1% against the dollar and now trades at $25.20 or 0.00026779 BTC.
• Monero (XMR) traded 0.3% higher against the dollar and now trades at $195.13 or 0.00207326 BTC.
• Arweave (AR) traded 2.4% higher against the dollar and now trades at $17.03 or 0.00018098 BTC.
• IOTA (MIOTA) traded 5.4% higher against the dollar and now trades at $0.31 or 0.00000328 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $50.89 or 0.00054067 BTC.

Ergo Profile

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 79,121,187 coins and its circulating supply is 79,120,893 coins. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. Ergo’s official website 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.

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.”

Ergo Coin Trading

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