Ergo (ERG) Price Down 12.4% Over Last Week

Ergo (ERG) traded down 4.9% against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on April 29th. One Ergo coin can currently be bought for $1.35 or 0.00002118 BTC on popular exchanges. During the last week, Ergo has traded 12.4% lower against the U.S. dollar. Ergo has a total market cap of $100.92 million and approximately $1.05 million 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 0.7% higher against the dollar and now trades at $63,593.07 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.2% lower against the dollar and now trades at $0.14 or 0.00000225 BTC.
• Bitcoin Cash (BCH) traded 2.4% lower against the dollar and now trades at $461.26 or 0.00725332 BTC.
• Litecoin (LTC) traded down 2.6% against the dollar and now trades at $83.03 or 0.00130567 BTC.
• UNUS SED LEO (LEO) traded up 1.6% against the dollar and now trades at $5.85 or 0.00009206 BTC.
• Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $27.53 or 0.00043298 BTC.
• Monero (XMR) traded up 2.2% against the dollar and now trades at $129.72 or 0.00203989 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $35.61 or 0.00055998 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $65.14 or 0.00102439 BTC.
• eCash (XEC) traded 2.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Ergo Profile

Ergo (CRYPTO:ERG) is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. It was first traded on July 1st, 2019. Ergo’s total supply is 74,933,994 coins and its circulating supply is 74,933,886 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. The official website for Ergo 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 presently 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 Gemini, Coinbase or Changelly. 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