Ergo (ERG) Price Down 9% This Week

Ergo (ERG) traded down 1.4% against the US dollar during the 1 day period ending at 17:00 PM E.T. on April 26th. During the last seven days, Ergo has traded 9% lower against the US dollar. Ergo has a market capitalization of $106.10 million and $265,341.65 worth of Ergo was traded on exchanges in the last day. One Ergo coin can currently be purchased for approximately $1.42 or 0.00002218 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.2% lower against the dollar and now trades at $63,898.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% lower against the dollar and now trades at $0.15 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $488.49 or 0.00764487 BTC.
• Litecoin (LTC) traded 4.3% higher against the dollar and now trades at $88.29 or 0.00138178 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.83 or 0.00009118 BTC.
• Ethereum Classic (ETC) traded up 3.6% against the dollar and now trades at $27.72 or 0.00043378 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $120.66 or 0.00188835 BTC.
• Arweave (AR) traded 14.9% lower against the dollar and now trades at $31.34 or 0.00049051 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $66.37 or 0.00103872 BTC.
• eCash (XEC) traded up 0.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Ergo Coin Profile

Ergo (ERG) is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. Its genesis date was July 1st, 2019. Ergo’s total supply is 74,871,354 coins and its circulating supply is 74,872,245 coins. 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 message board is www.ergoforum.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 purchase alternative cryptocurrencies such as Ergo directly using US dollars. Investors seeking to trade Ergo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView