Ergo (ERG) Self Reported Market Capitalization Achieves $58.79 Million

Ergo (ERG) traded up 10.5% against the dollar during the 24-hour period ending at 19:00 PM Eastern on August 6th. Ergo has a total market capitalization of $58.79 million and approximately $544,222.71 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can currently be purchased for approximately $0.77 or 0.00001361 BTC on popular cryptocurrency exchanges. In the last week, Ergo has traded 8.3% lower against the dollar.

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

• Bitcoin (BTC) traded 2.7% higher against the dollar and now trades at $56,257.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.0967 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded up 0.9% against the dollar and now trades at $316.64 or 0.00562837 BTC.
• UNUS SED LEO (LEO) traded 0.9% higher against the dollar and now trades at $5.73 or 0.00010186 BTC.
• Litecoin (LTC) traded up 3.3% against the dollar and now trades at $58.62 or 0.00104194 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $147.84 or 0.00262797 BTC.
• Ethereum Classic (ETC) traded 1.9% higher against the dollar and now trades at $18.19 or 0.00032328 BTC.
• Arweave (AR) traded 4.4% higher against the dollar and now trades at $20.61 or 0.00036639 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 2.6% against the dollar and now trades at $37.43 or 0.00066540 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 76,775,820 coins and its circulating supply is 76,776,252 coins. 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. The official website for Ergo is ergoplatform.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 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 Gemini, GDAX 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