Ergo (ERG) Reaches 1-Day Trading Volume of $108,710.23

Ergo (ERG) traded 2.5% lower against the dollar during the twenty-four hour period ending at 12:00 PM E.T. on March 26th. Over the last seven days, Ergo has traded 1% higher against the dollar. One Ergo coin can now be purchased for about $0.83 or 0.00000953 BTC on popular exchanges. Ergo has a market capitalization of $66.37 million and $108,710.23 worth of Ergo was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded down 3.1% against the dollar and now trades at $7.42 or 0.00008541 BTC.
• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $86,843.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% higher against the dollar and now trades at $0.20 or 0.00000227 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $9.80 or 0.00011283 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $93.39 or 0.00107538 BTC.
• Bitcoin Cash (BCH) traded 0.3% lower against the dollar and now trades at $335.11 or 0.00385883 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $224.02 or 0.00257957 BTC.
• Ethereum Classic (ETC) traded 0.7% lower against the dollar and now trades at $18.23 or 0.00020997 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 4.5% against the dollar and now trades at $0.20 or 0.00000233 BTC.

Ergo Coin Profile

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 80,208,300 coins and its circulating supply is 80,208,516 coins. Ergo’s official website is ergoplatform.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. The official message board for Ergo is www.ergoforum.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 buy alternative cryptocurrencies such as Ergo directly using U.S. dollars. Investors seeking to trade Ergo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ergo using one of the exchanges listed above.

ERG/USD price chart by TradingView