Ergo (ERG) Self Reported Market Capitalization Achieves $36.49 Million

Ergo (ERG) traded 2.5% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM Eastern on January 20th. In the last seven days, Ergo has traded 1% lower against the U.S. dollar. Ergo has a total market capitalization of $36.49 million and approximately $170.29 thousand worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can now be bought for approximately $0.44 or 0.00000484 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded down 0.9% against the dollar and now trades at $3.70 or 0.00004065 BTC.
• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $91,091.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.5% against the dollar and now trades at $0.13 or 0.00000138 BTC.
• Bitcoin Cash (BCH) traded 2.6% lower against the dollar and now trades at $574.08 or 0.00630222 BTC.
• Monero (XMR) traded 10.6% lower against the dollar and now trades at $566.05 or 0.00621405 BTC.
• UNUS SED LEO (LEO) traded down 3.6% against the dollar and now trades at $8.71 or 0.00009560 BTC.
• Zcash (ZEC) traded down 1.4% against the dollar and now trades at $366.57 or 0.00402415 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $69.40 or 0.00076184 BTC.
• Ethereum Classic (ETC) traded 1.3% lower against the dollar and now trades at $11.79 or 0.00012945 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Ergo

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 82,751,442 coins and its circulating supply is 82,751,016 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 message board is www.ergoforum.org. Ergo’s official website is ergoplatform.org. 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.”

Ergo Coin Trading

It is usually not 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, GDAX 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