Sign in

  1. Home
  2. Crypto Market
  3. ergo

Ergo ERG Price

$0.810

-0.57%

$0.793

24h Range

$0.810

Market Cap

$65,456,114.8

Fully Diluted Valuation

$79,168,188.5

24 Hour Trading Vol

$98,028.0

Circulating Supply

80,811,192.0

Total Supply

80,811,192.0

Max Supply

97,739,924.0

Info

ERG Price Statistics

Ergo Price

$0.810

24h Range

$0.793 - $0.810

Percent Change 1h

-0.09%

Percent Change 24h

-0.57%

Percent Change 7d

-6.37%

All-time high

$18.72

All-time low

$0.094

Simple View
Trading View

1D

7D

1M

1Y

All

Loading...
Simple View
Trading View

About Ergo

What is Ergo (ERG)?

Ergo (ERG) is a blockchain platform designed to provide a secure and efficient environment for decentralized finance (DeFi) and smart contracts. Launched in 2019, Ergo aims to combine the best features of existing blockchain technologies while addressing scalability and usability challenges. The platform employs a unique proof-of-work consensus algorithm that emphasizes energy efficiency and decentralization, enabling users to engage in transactions and smart contract executions with minimal resource consumption. As of early 2024, the market capitalization of Ergo is approximately $200 million, with a circulating supply of around 37 million ERG tokens. The native currency, ERG, is used for transaction fees, staking, and participating in governance decisions within the ecosystem.

Who are the Founders of Ergo?

Ergo was co-founded by Alexander Chepurnoy and Dmitry Meshkov. Alexander Chepurnoy is known for his background in blockchain technology and cryptography, having previously contributed to the development of the Nxt blockchain. Dmitry Meshkov brings extensive experience in software development and blockchain architecture. Together, they assembled a team of experts from various fields, including cryptography, computer science, and financial technology, to create a robust and innovative blockchain platform capable of supporting complex financial applications.

How does Ergo Work?

Ergo operates on a proof-of-work (PoW) consensus mechanism, but it differentiates itself from traditional PoW networks by implementing a unique protocol called “Autolykos.” This protocol is designed to be ASIC-resistant, allowing a wider range of participants to mine ERG tokens using consumer-grade hardware. Ergo's architecture supports advanced smart contracts, which are written in a language called Sigma, enabling developers to create secure and flexible applications. The platform features a unique oracle system that allows smart contracts to access off-chain data, facilitating real-world applications like decentralized finance, insurance, and supply chain management. Additionally, Ergo employs a system of state channels to enhance transaction speed and reduce costs, making it an attractive option for developers and users alike.

Top Use Cases of Ergo

Ergo supports various use cases that leverage its blockchain capabilities:

  • Decentralized Finance (DeFi): Ergo provides tools for creating decentralized applications (dApps) that facilitate lending, borrowing, and trading without intermediaries.
  • Smart Contract Development: Developers can build complex smart contracts for various applications, including token issuance, voting systems, and automated market makers.
  • Data Oracles: Through its unique oracle system, Ergo enables smart contracts to interact with real-world data, enhancing their functionality and applicability.
  • Tokenization: Users can issue and trade custom tokens on the Ergo platform, facilitating asset management and investment opportunities.
  • Decentralized Identity: Ergo can be used to create secure and verifiable digital identities, enhancing privacy and user control over personal data.

How to Keep your Ergo Safe?

To ensure the safety of your Ergo (ERG) tokens, consider the following best practices:

  • Use Hardware Wallets: Store your ERG in a hardware wallet, such as Ledger or Trezor, to keep your private keys offline and secure from online threats.
  • Enable Two-Factor Authentication (2FA): If using an exchange or online wallet, enable 2FA for an additional layer of security.
  • Keep Software Updated: Regularly update your wallet software and any applications used for managing ERG to protect against vulnerabilities.
  • Be Cautious of Phishing Attacks: Avoid clicking on suspicious links or providing personal information to unverified sources to prevent unauthorized access to your wallet.
  • Backup Your Wallet: Create and securely store backups of your wallet’s recovery phrases and private keys in multiple locations.

How to Invest in Ergo (ERG)?

Investing in Ergo (ERG) or any other cryptocurrency involves several steps:

1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4. Buy Ergo: Once your account is funded, you can purchase Ergo directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Ergo (ERG) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Ergo using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Ergo (ERG) in the Long Term?

Ergo (ERG) is currently trading at $0.810 and exhibits good potential for future growth. Check the latest Ergo (ERG) price prediction.

FAQs

The current price of Ergo (ERG) is $0.793. It has decreased by 1.80% over the past 24 hours.
The current market cap of Ergo (ERG) is $64.1M. It has decreased by 1.77% over the past 24 hours.
The current daily trading volume of Ergo (ERG) is $134.8K. It has decreased by 10.21% over the past 24 hours.
The all time high for Ergo (ERG) happened on Sep 03, 2021. It reached a value of $18.72. The percentage change to today's price is -95.76%.
The all time low for Ergo (ERG) happened on Mar 13, 2020. It reached a value of $0.094. The percentage change to today's price is 742.41%.
The current fully diluted valuation of Ergo (ERG) is $77.6M. It has decreased by 1.80% over the past 24 hours.
One Ergo (ERG) is $0.793
The Ergo (ERG) Fear and Greed Index currently indicates a bullish market sentiment. Given the inherent volatility and uncertainty within the cryptocurrency market, it is strongly advised to conduct thorough research before making any long-term investment decisions.

Recent Big Transactions

p

Ergo Info

Info

Ergo Insights

Recent Big Transactions

p

Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .

PRODUCTS

Premade Crypto Portfolio

Earn Interest

Capital Protected Investments

Real World Assets

Custom Portfolios

RESOURCES

Crypto Market

Crypto Sectors

Blog

Crypto Investment Calculator

Crypto Fear and Greed Index

News

Pricing

Web Stories

TRADING

Automated Trading

AI Trading Bot

Arbitrage

Binance Trading Bot

Bitcoin Trading Bot

Coinbase Trading Bot

Ethereum Trading Bot

OKX Trading Bot

Solana Trading Bot

BECOME A PARTNER

Affiliate Program

Write For Us

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

COMMUNITY GROUPS

Telegram Group

Telegram Channel

© 2024 © Botsfolio

• Privacy Policy • Terms and Conditions