Ergo Price Reaches $0.78 (ERG)

Ergo (ERG) traded up 3% against the dollar during the 24 hour period ending at 8:00 AM Eastern on August 13th. One Ergo coin can now be bought for approximately $0.78 or 0.00001323 BTC on major cryptocurrency exchanges. During the last week, Ergo has traded up 7.9% against the dollar. Ergo has a market capitalization of $60.00 million and $364,532.51 worth of Ergo was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $58,950.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.10 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $348.51 or 0.00590915 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $5.80 or 0.00009840 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $61.88 or 0.00104921 BTC.
• Ethereum Classic (ETC) traded down 1.2% against the dollar and now trades at $18.90 or 0.00032042 BTC.
• Monero (XMR) traded 0.1% lower against the dollar and now trades at $149.41 or 0.00253333 BTC.
• Arweave (AR) traded down 1.6% against the dollar and now trades at $20.79 or 0.00035250 BTC.
• Bitcoin SV (BSV) traded down 0.7% against the dollar and now trades at $41.78 or 0.00070835 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Ergo

Ergo is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. It launched on July 1st, 2019. Ergo’s total supply is 76,886,772 coins and its circulating supply is 76,887,732 coins. Ergo’s official website is ergoplatform.org. The official message board for Ergo is www.ergoforum.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.

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 U.S. dollars. Investors seeking to trade Ergo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView