Ergo (ERG) Price Hits $1.30

Ergo (ERG) traded up 11.3% against the dollar during the 24-hour period ending at 23:00 PM E.T. on May 9th. Ergo has a market capitalization of $97.98 million and $842,662.92 worth of Ergo was traded on exchanges in the last 24 hours. Over the last week, Ergo has traded up 0.7% against the dollar. One Ergo coin can now be bought for about $1.30 or 0.00002075 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $62,864.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded 0.6% lower against the dollar and now trades at $451.25 or 0.00717824 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $83.05 or 0.00132114 BTC.
• UNUS SED LEO (LEO) traded 2.1% higher against the dollar and now trades at $5.91 or 0.00009408 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $27.52 or 0.00043769 BTC.
• Arweave (AR) traded up 7.4% against the dollar and now trades at $41.82 or 0.00066525 BTC.
• Monero (XMR) traded down 1% against the dollar and now trades at $132.27 or 0.00210408 BTC.
• Bitcoin SV (BSV) traded 2.9% higher against the dollar and now trades at $64.66 or 0.00102856 BTC.
• eCash (XEC) traded 1.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Ergo

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 75,126,855 coins and its circulating supply is 75,128,367 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. 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.

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 purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView