Ergo Profile

ERG
 Crypto
  

USD 1.36  0.05  3.55%   

Market Performance
0 of 100
Odds Of Distress
Less than 34
Ergo is trading at 1.36 as of the 5th of December 2022, a -3.55% down since the beginning of the trading day. Ergo has about a 34 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for Ergo are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
Ergo is peer-to-peer digital currency powered by the Blockchain technology. More on Ergo
Ergo is an online market maker for p-2-p internet money denominated as Cryptocurrency. Ergo has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Ergo are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Ergo are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Ergo Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Ergo's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Ergo or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Ergo generated a negative expected return over the last 90 days
Ergo has high historical volatility and very poor performance
Ergo may become a speculative penny crypto
Ergo is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 4 exchanges in multiple currencies.
AlgorithmAutolykos
Coin TypeErgo
Proof TypePoW
Ergo (ERG) is traded on CRYPTO Exchanges. Ergo is peer-to-peer digital currency powered by the Blockchain technology.

Ergo's Exchanges and Markets

HitBTC Kucoin Tidex CoinEx

Ergo Target Price Odds Analysis

What are Ergo's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ergo jumping above the current price in 90 days from now is about 84.58%. The Ergo probability density function shows the probability of Ergo crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ergo has a beta of 0.3442 suggesting as returns on the market go up, Ergo average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ergo will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ergo is significantly underperforming NYSE Composite.
  Odds Below 1.36HorizonTargetOdds Above 1.36
15.38%90 days
 1.36 
84.58%
Based on a normal probability distribution, the odds of Ergo to move above the current price in 90 days from now is about 84.58 (This Ergo probability density function shows the probability of Ergo Crypto Coin to fall within a particular range of prices over 90 days) .

Ergo Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ergo market risk premium is the additional return an investor will receive from holding Ergo long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ergo. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ergo's alpha and beta are two of the key measurements used to evaluate Ergo's performance over the market, the standard measures of volatility play an important role as well.

Ergo Technical Analysis

When it comes to investing in cryptocurrency, such as Ergo, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Ergo, which is currently traded at 1.36, shows everything you need to know about Ergo market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Ergo, to determine its price movements. However, the Ergo's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Ergo's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Ergo's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Ergo Price Floor Movement function is a real number to the smallest following price integer.
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Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Ergo without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Ergo

You need to understand the risk of getting into digital currencies such as ERG before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Ergo in four ways:

Buy ERG through an exchange

Get yourself a crypto wallet before embarking on your Ergo journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Ergo. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Ergo through an exchange

You don't have to buy a full token when starting out since ERG is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Ergo through a broker

If you don't want to store your Ergo Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ERG through an exchange-traded fund (ETF)

You can also invest in ERG through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Ergo in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Other Tools for Ergo Crypto Coin

When running Ergo price analysis, check to measure Ergo's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Ergo is operating at the current time. Most of Ergo's value examination focuses on studying past and present price actions to predict the probability of Ergo's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Ergo's coin price. Additionally, you may evaluate how adding Ergo to your portfolios can decrease your overall portfolio volatility.
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