Ergo Hits 24 Hour Trading Volume of $726,947.18 (ERG)

Ergo (ERG) traded 1.1% lower against the US dollar during the 24 hour period ending at 16:00 PM Eastern on May 1st. During the last seven days, Ergo has traded 14.6% lower against the US dollar. One Ergo coin can currently be bought for approximately $1.25 or 0.00002173 BTC on major exchanges. Ergo has a market capitalization of $93.42 million and $726,947.18 worth of Ergo was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 4.1% against the dollar and now trades at $57,359.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.6% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded down 3.7% against the dollar and now trades at $416.74 or 0.00726537 BTC.
• Litecoin (LTC) traded up 0.1% against the dollar and now trades at $79.12 or 0.00137929 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.82 or 0.00010150 BTC.
• Ethereum Classic (ETC) traded 0.8% lower against the dollar and now trades at $25.04 or 0.00043656 BTC.
• Monero (XMR) traded up 3.5% against the dollar and now trades at $122.56 or 0.00213678 BTC.
• Arweave (AR) traded down 9.2% against the dollar and now trades at $28.31 or 0.00049362 BTC.
• Bitcoin SV (BSV) traded down 2.7% against the dollar and now trades at $58.22 or 0.00101494 BTC.
• eCash (XEC) traded 3.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Ergo 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 74,968,041 coins and its circulating supply is 74,968,851 coins. 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. The official website for Ergo is ergoplatform.org. 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.”

Buying and Selling Ergo

It is usually not presently possible to buy alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire Ergo should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView