Ergo Price Tops $1.83 (ERG)

Ergo (ERG) traded up 7.7% against the U.S. dollar during the 24 hour period ending at 12:00 PM ET on December 24th. Ergo has a market capitalization of $144.52 million and approximately $387,298.60 worth of Ergo was traded on exchanges in the last 24 hours. Over the last seven days, Ergo has traded down 6.3% against the U.S. dollar. One Ergo coin can now be bought for $1.83 or 0.00001849 BTC on major exchanges.

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

• Bitcoin (BTC) traded up 5.6% against the dollar and now trades at $98,935.32 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.5% higher against the dollar and now trades at $0.33 or 0.00000338 BTC.
• Bitcoin Cash (BCH) traded 6.9% higher against the dollar and now trades at $474.90 or 0.00480008 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $9.49 or 0.00009594 BTC.
• Litecoin (LTC) traded 7.1% higher against the dollar and now trades at $109.42 or 0.00110599 BTC.
• Ethereum Classic (ETC) traded 6.2% higher against the dollar and now trades at $28.19 or 0.00028498 BTC.
• Monero (XMR) traded 0.4% higher against the dollar and now trades at $192.24 or 0.00194313 BTC.
• IOTA (MIOTA) traded up 12.6% against the dollar and now trades at $0.34 or 0.00000346 BTC.
• Arweave (AR) traded up 8.1% against the dollar and now trades at $17.76 or 0.00017953 BTC.
• Bitcoin SV (BSV) traded 5.8% higher against the dollar and now trades at $57.20 or 0.00057815 BTC.

Ergo Profile

Ergo (CRYPTO: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 79,001,613 coins and its circulating supply is 79,001,844 coins. Ergo’s official website is ergoplatform.org. Ergo’s official Twitter account is @ergo_platform and its Facebook page is accessible here. 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.

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 US dollars. Investors seeking to trade Ergo should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView