Ergo Price Tops $0.71 (ERG)

Ergo (ERG) traded 7.1% higher against the U.S. dollar during the one day period ending at 11:00 AM ET on September 19th. One Ergo coin can now be bought for $0.71 or 0.00001122 BTC on popular cryptocurrency exchanges. Over the last week, Ergo has traded down 1.5% against the U.S. dollar. Ergo has a total market capitalization of $55.05 million and approximately $302,847.53 worth of Ergo was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 6.3% against the dollar and now trades at $63,269.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 5.2% against the dollar and now trades at $0.11 or 0.00000166 BTC.
• Bitcoin Cash (BCH) traded up 10.6% against the dollar and now trades at $339.79 or 0.00537053 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.69 or 0.00008992 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $65.41 or 0.00103385 BTC.
• Monero (XMR) traded up 1.9% against the dollar and now trades at $174.64 or 0.00276024 BTC.
• Ethereum Classic (ETC) traded 6.6% higher against the dollar and now trades at $18.73 or 0.00029599 BTC.
• Arweave (AR) traded 13.1% higher against the dollar and now trades at $20.43 or 0.00032297 BTC.
• Bitcoin SV (BSV) traded up 7.8% against the dollar and now trades at $48.63 or 0.00076869 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 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 77,522,748 coins and its circulating supply is 77,523,948 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. Ergo’s official website 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 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 GDAX, Changelly or Coinbase. 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