Ergo Trading 5.3% Lower Over Last Week (ERG)

Ergo (ERG) traded 0.6% lower against the US dollar during the 24 hour period ending at 12:00 PM Eastern on January 9th. Over the last week, Ergo has traded down 5.3% against the US dollar. Ergo has a market cap of $131.46 million and approximately $294,304.29 worth of Ergo was traded on exchanges in the last 24 hours. One Ergo coin can currently be bought for $1.66 or 0.00001762 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $94,117.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.6% lower against the dollar and now trades at $0.33 or 0.00000350 BTC.
• Bitcoin Cash (BCH) traded 1.3% lower against the dollar and now trades at $428.33 or 0.00454984 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $9.04 or 0.00009605 BTC.
• Litecoin (LTC) traded up 3.4% against the dollar and now trades at $104.61 or 0.00111121 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $25.35 or 0.00026928 BTC.
• Monero (XMR) traded 2% lower against the dollar and now trades at $195.26 or 0.00207414 BTC.
• IOTA (MIOTA) traded down 1.1% against the dollar and now trades at $0.31 or 0.00000331 BTC.
• Bitcoin SV (BSV) traded 1.4% higher against the dollar and now trades at $52.89 or 0.00056179 BTC.
• Arweave (AR) traded 0.3% lower against the dollar and now trades at $15.60 or 0.00016566 BTC.

About Ergo

ERG is a proof-of-work (PoW) coin that uses the Autolykos hashing algorithm. It launched on July 1st, 2019. Ergo’s total supply is 79,232,358 coins and its circulating supply is 79,232,160 coins. 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. Ergo’s official message board is www.ergoforum.org. The official website for Ergo is ergoplatform.org.

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 purchase alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to acquire 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 aforementioned exchanges.

ERG/USD price chart by TradingView