Ergo (ERG) Tops 1-Day Trading Volume of $279,360.08

Ergo (ERG) traded 0.3% higher against the dollar during the 1 day period ending at 13:00 PM Eastern on January 17th. One Ergo coin can now be bought for about $1.90 or 0.00001823 BTC on exchanges. Ergo has a market capitalization of $150.97 million and $279,360.08 worth of Ergo was traded on exchanges in the last day. During the last week, Ergo has traded up 14.9% against the dollar.

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

• Bitcoin (BTC) traded 5.1% higher against the dollar and now trades at $104,408.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.4% higher against the dollar and now trades at $0.41 or 0.00000395 BTC.
• Litecoin (LTC) traded 5.6% higher against the dollar and now trades at $136.66 or 0.00130886 BTC.
• Bitcoin Cash (BCH) traded 4.4% higher against the dollar and now trades at $487.31 or 0.00466731 BTC.
• UNUS SED LEO (LEO) traded up 0.9% against the dollar and now trades at $9.73 or 0.00009322 BTC.
• Monero (XMR) traded 5.1% higher against the dollar and now trades at $230.04 or 0.00220331 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $27.85 or 0.00026677 BTC.
• IOTA (MIOTA) traded 1.3% lower against the dollar and now trades at $0.39 or 0.00000378 BTC.
• Bitcoin SV (BSV) traded 1% higher against the dollar and now trades at $58.41 or 0.00055943 BTC.
• Arweave (AR) traded down 1.2% against the dollar and now trades at $17.45 or 0.00016714 BTC.

Ergo Profile

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 79,335,804 coins and its circulating supply is 79,336,092 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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