Ergo (ERG) Self Reported Market Capitalization Tops $55.21 Million

Ergo (ERG) traded 4.3% higher against the U.S. dollar during the 1-day period ending at 20:00 PM ET on November 6th. During the last seven days, Ergo has traded 2.7% higher against the U.S. dollar. One Ergo coin can now be purchased for $0.71 or 0.00000934 BTC on major cryptocurrency exchanges. Ergo has a total market capitalization of $55.21 million and $187,322.15 worth of Ergo was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 6.8% against the dollar and now trades at $75,550.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 11.4% against the dollar and now trades at $0.20 or 0.00000266 BTC.
• Bitcoin Cash (BCH) traded up 9.7% against the dollar and now trades at $382.01 or 0.00505641 BTC.
• UNUS SED LEO (LEO) traded 1.2% higher against the dollar and now trades at $6.13 or 0.00008109 BTC.
• Litecoin (LTC) traded up 7.5% against the dollar and now trades at $71.78 or 0.00095008 BTC.
• Ethereum Classic (ETC) traded 11% higher against the dollar and now trades at $20.53 or 0.00027172 BTC.
• Monero (XMR) traded up 1.9% against the dollar and now trades at $161.74 or 0.00214086 BTC.
• Arweave (AR) traded 15.8% higher against the dollar and now trades at $16.30 or 0.00021580 BTC.
• Bitcoin SV (BSV) traded up 8.4% against the dollar and now trades at $52.05 or 0.00068901 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Its launch date was July 1st, 2019. Ergo’s total supply is 78,284,400 coins and its circulating supply is 78,285,828 coins. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. Ergo’s official message board is www.ergoforum.org. The official website for Ergo is ergoplatform.org. 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 buy alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to acquire Ergo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView