Ergo (ERG) Price Up 3.4% Over Last 7 Days

Ergo (ERG) traded down 2.9% against the US dollar during the 1-day period ending at 23:00 PM Eastern on October 31st. Ergo has a market cap of $52.35 million and $118,107.64 worth of Ergo was traded on exchanges in the last day. During the last seven days, Ergo has traded up 3.4% against the US dollar. One Ergo coin can now be purchased for approximately $0.67 or 0.00000965 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 4.2% lower against the dollar and now trades at $69,390.20 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.6% lower against the dollar and now trades at $0.16 or 0.00000229 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $352.17 or 0.00507528 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.04 or 0.00008709 BTC.
• Litecoin (LTC) traded 3.6% lower against the dollar and now trades at $69.17 or 0.00099682 BTC.
• Monero (XMR) traded down 5.6% against the dollar and now trades at $151.87 or 0.00218860 BTC.
• Ethereum Classic (ETC) traded down 4.3% against the dollar and now trades at $18.58 or 0.00026771 BTC.
• Arweave (AR) traded down 6.1% against the dollar and now trades at $15.37 or 0.00022155 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $50.62 or 0.00072949 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Ergo Profile

Ergo (CRYPTO: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 78,196,830 coins and its circulating supply is 78,197,712 coins. 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. 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 presently possible to buy alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to acquire Ergo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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