Ergo (ERG) Trading Down 20.5% This Week

Ergo (ERG) traded 10.5% lower against the dollar during the 24 hour period ending at 16:00 PM E.T. on April 17th. One Ergo coin can currently be purchased for $1.36 or 0.00002223 BTC on popular cryptocurrency exchanges. During the last week, Ergo has traded 20.5% lower against the dollar. Ergo has a market capitalization of $101.96 million and $414,839.66 worth of Ergo was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 2.4% lower against the dollar and now trades at $61,387.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3% against the dollar and now trades at $0.15 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $468.36 or 0.00762953 BTC.
• Litecoin (LTC) traded 1% higher against the dollar and now trades at $79.76 or 0.00129922 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.88 or 0.00009572 BTC.
• Ethereum Classic (ETC) traded down 1.4% against the dollar and now trades at $25.63 or 0.00041754 BTC.
• Monero (XMR) traded down 1.2% against the dollar and now trades at $120.33 or 0.00196020 BTC.
• Arweave (AR) traded 2.7% higher against the dollar and now trades at $24.85 or 0.00040480 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $66.15 or 0.00107756 BTC.
• eCash (XEC) traded 3.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Ergo Coin Profile

Ergo 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 74,698,041 coins and its circulating supply is 74,698,581 coins. Ergo’s official website is ergoplatform.org. The official message board for Ergo is www.ergoforum.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. 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 US dollars. Investors seeking to trade Ergo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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