Ergo Trading Up 20.5% Over Last 7 Days (ERG)

Ergo (ERG) traded 1.7% higher against the US dollar during the 1-day period ending at 12:00 PM E.T. on January 5th. Ergo has a total market cap of $155.14 million and approximately $234,206.98 worth of Ergo was traded on exchanges in the last 24 hours. In the last week, Ergo has traded up 20.5% against the US dollar. One Ergo coin can currently be purchased for approximately $1.96 or 0.00001998 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0% higher against the dollar and now trades at $98,039.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.3% higher against the dollar and now trades at $0.38 or 0.00000390 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $466.43 or 0.00475736 BTC.
• Litecoin (LTC) traded up 0.7% against the dollar and now trades at $111.83 or 0.00114061 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $9.11 or 0.00009291 BTC.
• Ethereum Classic (ETC) traded down 1.1% against the dollar and now trades at $27.80 or 0.00028354 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $196.87 or 0.00200797 BTC.
• IOTA (MIOTA) traded 0.4% lower against the dollar and now trades at $0.36 or 0.00000363 BTC.
• Arweave (AR) traded 0.9% lower against the dollar and now trades at $18.96 or 0.00019335 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $56.55 or 0.00057674 BTC.

Ergo Coin Profile

Ergo 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 79,181,256 coins and its circulating supply is 79,180,950 coins. Ergo’s official website is ergoplatform.org. The official message board for Ergo is www.ergoforum.org. 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.

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 currently possible to purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView