Ergo Price
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Market Statistics
Live ERG Price Summary
As of 14 Kas 2024, the global cryptocurrency market cap is $94.18M with a -9.34% change in the last 24 hours. ERG's current price is $1.20, with a 24-hour trading volume of $--. ERG is -8.30% in the last 24 hours, with a circulating supply of 78.40M ERG coins and a maximum supply of -- ERG coins. ERG ranks 506 by market cap. It has a 24H high of $1.31 recorded on 14 Kas 2024, and its 24H low so far is $1.20, recorded on 14 Kas 2024.
What Is the Highest Price of ERG?
ERG has an all-time high (ATH) of $18.72 , recorded on 3 Eyl 2021.
What Is the Lowest Price of ERG?
ERG has an all-time low (ATL) of $0.094191, recorded on 13 Mar 2020.
About Ergo (ERG)
What Is Ergo (ERG)?
ERG is the native cryptocurrency of the Ergo blockchain, which combines some of the most beneficial features of the two leading blockchain platforms in the crypto world — Bitcoin (BTC) and Ethereum (ETH).
Similar to Bitcoin, Ergo is based on the proof of work (PoW) block validation method, but with an ASIC-resistant PoW algorithm. It’s both highly decentralized and secure, and anyone who owns a GPU can mine ERG tokens. Ergo’s transaction output model (eUTXO) extends that of Bitcoin (UTXO), which gives Ergo further improvements in security, privacy and scalability.
Unlike Bitcoin, and similar to Ethereum, Ergo is capable of supporting smart contracts. A significant difference between Ergo and Ethereum is the former’s absence of transaction/gas fees. This feature makes Ergo a great platform for launching affordable decentralized applications (DApps). In particular, Ergo is built for decentralized finance (DeFi) applications and aims to give “economic freedom to ordinary people.”
Ergo has a small but growing ecosystem of DApps, including those with an emphasis on privacy and accessibility. Apps like Ergo Mixer help you transact in a completely private way. Another app, Ergo Auction House, lets you trade a wide variety of crypto assets — both NFTs and fungible cryptocurrencies — using Ergo’s affordable platform.
Ergo Price (ERG)
ERG has been on the market since February 2018. During its first two months on the market, the coin traded between $6 and $12. Starting from May 2018, ERG began to decline in price, settling between $1 and $2 by the end of the year.
In the first half of 2019, ERG largely traded between $1 and $2, experiencing two short-lived spikes in price to $6 in March and close to $7 in June. By August 2019, the coin dropped below the $1 mark. For the following year and a half, ERG’s price generally remained below $1.
2021 proved to be a year of wild changes for ERG. In February the coin retraced above $1, and then experienced two large, though short-term, spikes to over $18 in May and September.
From mid-September 2021 to mid-July 2022, the Ergo price steadily declined from $18 to $1.70. Since mid-2022, ERG has had some slight gains, largely trading between $2 and $5.
What Is ERG Used For?
The ERG coin’s functionality is quite similar to that of Bitcoin. ERG is mostly used to pay mining rewards and as a store of value. As Ergo is a PoW chain, miner nodes also receive rewards in ERG for processing transaction blocks.
Additionally, ERG is used for developing DApps on Ergo for payments, crowdfunding and more.
Ergo (ERG) Tokenomics
ERG is a supply-capped coin. Its total and maximum supply are specified at 97.74 million. The entire supply will be released by around 2045.
ERG’s total supply will be distributed mostly to miners as block rewards (around 95%), with some minor shares (around 5%) going to the project’s treasury.
Read more: What Is Ergo Crypto: Combining the Best of Bitcoin & Ethereum
Who Is the Founder of Ergo?
Ergo’s co-founders are computer scientists Alexander Chepurnoy and Dmitry Meshkov.
How to Store ERG
Ergo provides its own on-chain noncustodial wallets — Ergo Node (desktop), Ergo Mobile Wallet and Ergo Paper Wallet — to store ERG coins. Other wallets that may be used to store ERG include Minotaur, Nautilus Wallet, SAFEW and Satergo.
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