Ergo (ERG) Price Down 7% Over Last Week

Ergo (ERG) traded 0.2% lower against the U.S. dollar during the 24 hour period ending at 23:00 PM Eastern on September 4th. One Ergo coin can now be purchased for about $0.70 or 0.00001213 BTC on major exchanges. In the last seven days, Ergo has traded 7% lower against the U.S. dollar. Ergo has a total market capitalization of $54.10 million and approximately $315,462.45 worth of Ergo was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 1.8% against the dollar and now trades at $57,725.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.5% higher against the dollar and now trades at $0.0974 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $313.96 or 0.00543877 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $5.87 or 0.00010161 BTC.
• Litecoin (LTC) traded up 2.2% against the dollar and now trades at $66.01 or 0.00114357 BTC.
• Monero (XMR) traded down 0.6% against the dollar and now trades at $170.69 or 0.00295695 BTC.
• Ethereum Classic (ETC) traded 3.1% higher against the dollar and now trades at $18.03 or 0.00031233 BTC.
• Arweave (AR) traded up 4.2% against the dollar and now trades at $21.24 or 0.00036799 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $44.75 or 0.00077521 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Coin Profile

ERG 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 77,273,892 coins and its circulating supply is 77,274,180 coins. The official website for Ergo 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.”

Ergo Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView