Ergo (ERG) Reaches Self Reported Market Capitalization of $90.21 Million

Ergo (ERG) traded down 1.2% against the dollar during the 1 day period ending at 0:00 AM Eastern on February 11th. During the last seven days, Ergo has traded 6.2% higher against the dollar. Ergo has a market capitalization of $90.21 million and $277,157.63 worth of Ergo was traded on exchanges in the last day. One Ergo coin can now be purchased for approximately $1.23 or 0.00002555 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded 0.1% lower against the dollar and now trades at $48,142.90 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 2.1% against the dollar and now trades at $0.0802 or 0.00000167 BTC.
  • Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $271.21 or 0.00563252 BTC.
  • Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $71.08 or 0.00147610 BTC.
  • UNUS SED LEO (LEO) traded down 1.3% against the dollar and now trades at $4.10 or 0.00008507 BTC.
  • Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $25.76 or 0.00053500 BTC.
  • Monero (XMR) traded up 2.4% against the dollar and now trades at $121.41 or 0.00252136 BTC.
  • Bitcoin SV (BSV) traded 2.1% lower against the dollar and now trades at $78.94 or 0.00163944 BTC.
  • Conflux (CFX) traded down 2.7% against the dollar and now trades at $0.22 or 0.00000455 BTC.
  • NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

Ergo 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 73,312,242 coins and its circulating supply is 73,313,112 coins. The official website for Ergo 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. 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 possible to buy alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to acquire 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.

Receive News & Updates for Ergo Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Ergo and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.