Ergo (ERG) Price Reaches $1.07 on Exchanges

Ergo (ERG) traded 2.7% lower against the dollar during the one day period ending at 11:00 AM ET on February 22nd. In the last seven days, Ergo has traded down 6.3% against the dollar. One Ergo coin can now be purchased for approximately $1.07 or 0.00001104 BTC on major cryptocurrency exchanges. Ergo has a market capitalization of $85.22 million and approximately $59,551.19 worth of Ergo was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $96,718.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.4% against the dollar and now trades at $0.25 or 0.00000254 BTC.
• Litecoin (LTC) traded 3.7% lower against the dollar and now trades at $128.55 or 0.00132907 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $9.74 or 0.00010066 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $321.41 or 0.00332309 BTC.
• Monero (XMR) traded down 0.6% against the dollar and now trades at $234.41 or 0.00242363 BTC.
• Ethereum Classic (ETC) traded 1.4% lower against the dollar and now trades at $20.58 or 0.00021279 BTC.
• IOTA (MIOTA) traded 2.4% lower against the dollar and now trades at $0.23 or 0.00000233 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.2% lower against the dollar and now trades at $37.44 or 0.00038713 BTC.

Ergo Coin Profile

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 79,797,522 coins and its circulating supply is 79,797,270 coins. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. Ergo’s official website is ergoplatform.org. Ergo’s official message board 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.

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

ERG/USD price chart by TradingView