Ergo Self Reported Market Cap Achieves $52.50 Million (ERG)

Ergo (ERG) traded up 7.8% against the US dollar during the 1 day period ending at 19:00 PM ET on October 27th. One Ergo coin can now be purchased for approximately $0.67 or 0.00000985 BTC on cryptocurrency exchanges. Ergo has a total market cap of $52.50 million and $173,900.84 worth of Ergo was traded on exchanges in the last 24 hours. During the last week, Ergo has traded 0.7% higher against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $68,221.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.2% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 1.4% higher against the dollar and now trades at $352.73 or 0.00517040 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.06 or 0.00008877 BTC.
• Litecoin (LTC) traded 3.4% higher against the dollar and now trades at $70.65 or 0.00103554 BTC.
• Monero (XMR) traded 1.9% higher against the dollar and now trades at $163.32 or 0.00239391 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $18.43 or 0.00027014 BTC.
• Arweave (AR) traded up 1% against the dollar and now trades at $16.36 or 0.00023975 BTC.
• Bitcoin SV (BSV) traded up 1.7% against the dollar and now trades at $46.30 or 0.00067867 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 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 78,133,221 coins and its circulating supply is 78,134,670 coins. The Reddit community for Ergo is https://reddit.com/r/ergonauts and the currency’s Github account can be viewed here. The official website for Ergo is ergoplatform.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible 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 U.S. dollars. Investors seeking to acquire Ergo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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