Ergo (ERG) Price Tops $1.51 on Exchanges

Ergo (ERG) traded up 0.5% against the dollar during the 24 hour period ending at 23:00 PM ET on April 16th. In the last week, Ergo has traded 11.5% lower against the dollar. One Ergo coin can now be bought for approximately $1.51 or 0.00002354 BTC on exchanges. Ergo has a total market capitalization of $112.47 million and approximately $443,777.04 worth of Ergo was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $63,961.57 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.4% against the dollar and now trades at $0.16 or 0.00000246 BTC.
• Bitcoin Cash (BCH) traded up 0.5% against the dollar and now trades at $484.05 or 0.00756780 BTC.
• Litecoin (LTC) traded up 3.2% against the dollar and now trades at $79.72 or 0.00124630 BTC.
• UNUS SED LEO (LEO) traded 0.9% lower against the dollar and now trades at $5.86 or 0.00009167 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $26.42 or 0.00041299 BTC.
• Monero (XMR) traded up 2.3% against the dollar and now trades at $123.46 or 0.00193023 BTC.
• Arweave (AR) traded 2.2% lower against the dollar and now trades at $24.56 or 0.00038393 BTC.
• Bitcoin SV (BSV) traded up 2.7% against the dollar and now trades at $67.10 or 0.00104901 BTC.
• eCash (XEC) traded up 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Ergo Coin Profile

Ergo (CRYPTO:ERG) 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 74,683,191 coins and its circulating supply is 74,684,811 coins. Ergo’s official message board is www.ergoforum.org. Ergo’s official website is ergoplatform.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.

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 purchase alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to trade Ergo should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView