Ergo (ERG) Price Tops $1.36 on Exchanges

Ergo (ERG) traded down 2% against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on April 28th. One Ergo coin can now be purchased for about $1.36 or 0.00002144 BTC on major cryptocurrency exchanges. In the last seven days, Ergo has traded down 13.6% against the dollar. Ergo has a total market cap of $102.05 million and approximately $505,535.43 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 0.8% higher against the dollar and now trades at $63,543.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.15 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $477.53 or 0.00751501 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $84.05 or 0.00132276 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.78 or 0.00009091 BTC.
• Ethereum Classic (ETC) traded 6.9% higher against the dollar and now trades at $28.51 or 0.00044874 BTC.
• Monero (XMR) traded 5.1% higher against the dollar and now trades at $126.73 or 0.00199434 BTC.
• Arweave (AR) traded 12.1% higher against the dollar and now trades at $35.10 or 0.00055239 BTC.
• Bitcoin SV (BSV) traded 2.2% higher against the dollar and now trades at $66.63 or 0.00104855 BTC.
• eCash (XEC) traded up 0.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Ergo

Ergo (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 74,902,647 coins and its circulating supply is 74,904,348 coins. Ergo’s official website is ergoplatform.org. 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 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 US dollars. Investors seeking to acquire Ergo should first buy 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 buy Ergo using one of the aforementioned exchanges.

ERG/USD price chart by TradingView