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Ergo

Ergo priceERG

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Quote currency:
USD
ERG
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USD
1 ERG = 1.56 USD
Last updated 2024-04-21 17:04:15(UTC-0)

Ergo price live data summary

The live price of Ergo is $1.56 per (ERG / USD) today with a current market cap of $116.34M USD. The 24-hour trading volume is $235,861.36 USD. ERG to USD price is updated in real time. Ergo is +1.11% in the last 24 hours. It has a circulating supply of 74,772,370 .

What is the highest price of ERG?

ERG has an all-time high (ATH) of $22.37, recorded on 2017-12-17.

What is the lowest price of ERG?

ERG has an all-time low (ATL) of $0.1090, recorded on 2020-03-17.

Ergo price prediction

Set your prediction

When is a good time to buy ERG? Should I buy or sell now?

When deciding whether to buy or sell ERG, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget ERG technical analysis can provide you with a reference for trading.
According to the ERG 4h technical analysis, the trading signal is Buy.
According to the ERG 1d technical analysis, the trading signal is Sell.
According to the ERG 1w technical analysis, the trading signal is Sell.
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Ergo price performance in USD

24h7d30d90d1yAll-time
+1.11%+9.35%-14.77%+30.45%-7.44%-67.50%

Ergo price history in USD

TimeLowHigh
24h$1.54$1.6
7d$1.36$1.64
30d$1.36$2.03
90d$1.11$2.5
1y$0.8591$2.5
All-time$0.1090(2020-03-17, 4 years ago )$22.37(2017-12-17, 6 years ago )

Ergo market information

Market cap
$116,340,351.39
+1.11%
Fully diluted market cap
$152,076,185.34
+1.11%
Volume (24h)
$235,861.36
+32.50%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.002
Circulating supply
74,772,370 ERG
Total supply / Max supply
74,772,345 ERG
97,739,924 ERG

Ergo ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Ergo Social Data

In the last 24 hours, the social media sentiment score for Ergo was 3.3, and the social media sentiment towards Ergo price trend was Bullish. The overall Ergo social media score was 9,026, which ranks 543 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,611,687 times, with Ergo being mentioned with a frequency ratio of 0.01%, ranking 359 among all cryptocurrencies.

In the last 24 hours, there were a total of 134 unique users discussing Ergo, with a total of Ergo mentions of 99. However, compared to the previous 24-hour period, the number of unique users increase by 17%, and the total number of mentions has increase by 62%.

On Twitter, there were a total of 6 tweets mentioning Ergo in the last 24 hours. Among them, 33% are bullish on Ergo, 0% are bearish on Ergo, and 67% are neutral on Ergo.

On Reddit, there were 1 posts mentioning Ergo in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Ergo. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3.3
Social score(24h)
9.03K(#543)
Social contributors(24h)
134
+17%
Social mentions(24h)
99(#359)
+62%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
6
0%
Twitter sentiment(24h)
Bullish
33%
Neutral
67%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
1
0%
Reddit comments(24h)
0
0%

About Ergo(ERG)

What Is Ergo?

Ergo is a programmable blockchain that launched in 2019, distinguishing itself through its focus on advanced technological features and decentralized applications (dApps). It's a platform that blends the security and robustness of Bitcoin's Proof-of-Work (PoW) consensus mechanism with the flexibility and utility of Ethereum's smart contract capabilities. This unique combination allows Ergo to offer a secure, efficient, and user-friendly environment for developing and executing smart contracts and dApps.

Ergo is designed to address the limitations of existing blockchain technologies, particularly in terms of scalability and cost. It prioritizes decentralization, ensuring that no single party can control or compromise the network. This approach makes it an attractive option for those who value security and privacy in their blockchain interactions. Ergo's native token, ERG, plays a central role in this ecosystem, being used for transaction fees, governance, and executing smart contracts.

Resources

Official Documents: https://ergoplatform.org/en/discover/#Documents

Official Website: https://ergoplatform.org/en/

How Does Ergo Work?

Ergo's operation hinges on its unique PoW consensus mechanism, Autolykos, which is designed to be energy-efficient and resistant to centralization by large mining pools. This mechanism allows for a more equitable distribution of mining opportunities, enabling individuals with standard hardware to participate in network security. Autolykos is also notable for its environmental considerations, limiting mining size per node and thus reducing the overall energy footprint of the blockchain.

The platform supports the creation of complex and secure smart contracts through its own scripting language, ErgoScript. This language offers developers more functionality and flexibility, enabling the creation of powerful and efficient dApps. Ergo's approach to smart contracts is particularly innovative, incorporating features like non-interactive zero-knowledge proofs (NIZKs) and ring signatures, which enhance privacy and security.

Another key feature of Ergo is its storage rent mechanism. This system addresses the issue of lost or unused tokens by recycling them back into the economy. If tokens remain untouched for four years, they are subject to storage rent, which incentivizes their movement and ensures a more dynamic and fluid token economy.

What Is ERG Token?

ERG is the native utility token of the Ergo blockchain. It's integral to the functioning of the network, being used to pay transaction fees, participate in governance, and execute smart contracts. The max supply of ERG is capped at 97,739,924 tokens, with a unique distribution mechanism. Initially, block rewards started at 75 ERG and are set to decrease over eight years until they reach zero, at which point the total supply will be fixed.

Miners are incentivized through block rewards and transaction fees, and uniquely, through storage rent fees from unused tokens. This approach not only provides a continuous incentive for miners but also helps in maintaining network security and efficiency. The ERG token, therefore, plays a crucial role in sustaining and governing the Ergo ecosystem, making it a vital component for users and developers alike.

What Determines Ergo's Price?

The price of Ergo (ERG), like any cryptocurrency, is influenced by a complex interplay of factors that are quintessential in the blockchain and digital currency markets. One of the primary determinants is market demand and supply dynamics. Ergo's capped supply of under 100 million tokens creates a scarcity factor, which can drive up prices when demand increases. This scarcity is akin to Bitcoin's limited supply, a feature that often attracts investors looking for assets that might retain value over time. Additionally, the unique distribution mechanism of Ergo, where block rewards decrease over time until they reach zero, further impacts its supply dynamics, potentially influencing its market value.

Another crucial factor is the technological innovation and utility of the Ergo blockchain. As a platform that combines the security of Bitcoin's Proof-of-Work mechanism with the versatility of Ethereum's smart contract capabilities, Ergo appeals to both miners and developers. Its energy-efficient mining protocol, Autolykos, and the innovative features like storage rent and advanced smart contract capabilities, contribute to its intrinsic value. The more adoption and development Ergo sees, particularly in the decentralized finance (DeFi) sector and among dApp developers, the more likely its price is to reflect this utility and innovation.

Moreover, investor sentiment and market trends play a significant role. Positive news, partnerships, and updates about Ergo can boost investor confidence, driving up demand and price. Conversely, negative news or broader market downturns can lead to price declines. Ergo's integration with other blockchain ecosystems, also adds a layer of interoperability that could be a key price influencer, as it opens up new possibilities for application and utility. As with all cryptocurrencies, potential investors should be aware that the crypto market is highly volatile and influenced by factors beyond the technology itself, including regulatory news and macroeconomic trends.

Trade ERG perpetual futures

After having successfully signed up on Bitget and purchased USDT or ERG tokens, you can start trading derivatives, including ERG futures and margin trading to increase your income.

The current price of ERG is $1.56, with a 24h price change of +1.11%. Traders can profit by either going long or short onERG futures.

Join ERG copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or ERG tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Ergo.

What is the current price of Ergo?

We update our Ergo to USD price in real time. Get the live Price of Ergo on Bitget.

What is the 24 hour trading volume of Ergo?

Over the last 24 hours, the trading volume of Ergo is $235,861.36.

What is the all-time high of Ergo?

The all-time high of Ergo is $22.37. This all-time high is highest price for Ergo since it was launched.

Can I buy Ergo on Bitget?

Yes, Ergo is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Ergo?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Ergo with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Ergo online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ergo, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ergo purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

ERG resources

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