Ergo Self Reported Market Capitalization Hits $51.11 Million (ERG)

Ergo (ERG) traded down 4.8% against the dollar during the 24 hour period ending at 20:00 PM E.T. on November 2nd. Ergo has a total market capitalization of $51.11 million and approximately $85,581.64 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can now be purchased for about $0.65 or 0.00000943 BTC on popular exchanges. During the last seven days, Ergo has traded 3.3% higher against the dollar.

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

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $69,289.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.3% lower against the dollar and now trades at $0.16 or 0.00000230 BTC.
• Bitcoin Cash (BCH) traded up 0.9% against the dollar and now trades at $353.14 or 0.00509658 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008736 BTC.
• Litecoin (LTC) traded 1.7% lower against the dollar and now trades at $69.15 or 0.00099803 BTC.
• Monero (XMR) traded down 1.7% against the dollar and now trades at $153.77 or 0.00221928 BTC.
• Ethereum Classic (ETC) traded 2% lower against the dollar and now trades at $18.11 or 0.00026132 BTC.
• Bitcoin SV (BSV) traded down 1.9% against the dollar and now trades at $48.89 or 0.00070561 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $14.44 or 0.00020839 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Profile

Ergo (CRYPTO: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 78,224,340 coins and its circulating supply is 78,224,697 coins. Ergo’s official website is ergoplatform.org. Ergo’s official message board 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.”

Ergo Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView