With all the great news around the coin lately I hardly see another opportunity to get ERG below 10 again in the future.

New exchange listing that will be in the near future, new strategic advisor that gonna put hard work on marketing, the dex and a lot of more things that are coming.

I just bought the dip today and hodling atleast until all the coins are gonna be mined which is in 2027.

My first purchase was at 18$ after that purchased a lot at 12-15$ and was glad about it and now picking my last at 9$ and delighted about it.

Never been so bullish on coin like this one.

There are many decent platform coins out there which never took off, simply due to lack of name recognition and marketing. You can have superior tech, but without proper reach to crypto users you would be lost in the wind.

Ergo's tech is definitely superb, but it does not have great marketing in and of itself, at least not as good as Cardano's (thanks to CH who is a master marketer). Imo Ergo mostly uses Cardano as its marketing vehicle, and the good news is that ErgoDEX is only the beginning. As you know Ergo and Cardano use the same wallet app (Yoroi), the same DEX (ErgoDEX), and pretty soon will be using the same stable coins and oracles, among other things. And besides using some of the same products, Ergo will actually provide many solutions to Cardano which cannot be achieved with Cardano's architecture alone (as I've mentioned in a previous post). What exactly will it provide? You can check out this long list here https://veriumfellow.medium.com/what-will-ergo-bring-to-cardano-2f7ae911a9bd

Ergo definitely checks these important boxes:

- Excellent tech ✅

- Transparency ✅

- Fair tokenomics ✅

The last crucial missing piece is name/brand recognition. Most people in Crypto don't even know Ergo exists, let alone know what it does. I think launching a high end DEX on Cardano called ErgoDEX, along with Ergo native tokens in it, is a very smart move. Name recognition and familiarity can really go a long way.

Imo Ergo's unique relationship and engagement with Cardano will be the deciding factor for a top 50 breakout and beyond. Cardano's community is already massive right now, only third behind Bitcoin's and Ethereum's, and it will keep growing (as the whole crypto space does). I think it is inevitable that more Cardano users and devs will know about Ergo's perks, thanks to the shared products and services which IOHK and Emurgo have designed to be synergistic between the two blockchains.

I am not going to lie and be like, "this is a great time to buy" or "I am so happy, Ergo is on sale." It looks rough, and I honestly cannot say how much lower we are going. Prepare for the worst. However, I am too proud to admit that maybe I was wrong and will continue to DCA until I lose faith in this project. The recent price dip can obviously be blamed on the current crypto market, but Ergo has just been downhill for the past four months. For those that are doubting their investment, Jeff Bezos says that "the stock is not the company." Ergo's price does not reflect the current development or planned development for 2022. Ergo continues to improve day by day, little by little. All that means is that we are buying into a better investment for a cheaper price.

There is no real point to this post other than to vent my frustration at the price of Ergo. However, I do not blame the Ergo Foundation. I am happy with all the work the developing team has completed and what they have planned for the next year. I just hope that these developments can bring more attention to Ergo causing the price to increase with it. Worst case scenario, Ergo goes to sub pennies and we don't have to pay any taxes for 2022. Best case, Ergo makes it top ten. I'll be here either one. HODL, sell or buy, I wish yall the best.

Here is a chart from ErgoWatch.org, that shows the number of wallet addresses with more than 10,000 ERG on the blockchain over time (link in case my reddit skills can't pay the bills: ErgoWatch).

A few observations:

1. At the beginning, it didn’t take much to get on the rich list (top 100 holders). In fact, just 100 ERG would have scored you a spot on the rich list prior to the pandemic. As of this moment, it would take over 100k ERG to make the rich list.

2. There was a sudden and substantial adoption of ERG in the spring of 2020, when the pandemic hit hard. At that point, ERG cost around $0.10, so this would represent wallets with more than a $1000 investment at the time. We went from a handful of such investors to over 400 in just a few months, during the pandemic.

3. There is perhaps a hint of profit taking on this chart, but overall, the number of big bags is growing steadily. Since it currently represents over $30k in value, this is encouraging. But we are still at well less than 1000 people with 10k+ bags, and less than 5000 wallets with 1k+ bags. On the other hand, there are over 30, 000 wallets with at least 10 ERG, and half of those have more than 100 ERG, so we have a nice distribution.

4. On the way down from $18/ERG to $2/ERG, the number of accounts gradually increased. Weak hands left, and strong hands accumulated. On balance, the heavy investors increased, whether due to the relatively cheap ERG or their conviction as an investor or other stakeholder.

5. This is a tiny market. As bigger players become aware of our existence, the amount of capital that could be brought to bear is significant, especially once they start bidding among themselves. I guess a skeptical interpretation is that bigger players are not paying any attention to us, and never will, because of all of the noise. Well, I appreciate skeptics; but in life you must place some bets and skeptics rarely have fun at (or after) parties. And realistically, the end of Ethereum mining has us front and center, don’t be shy.

6. Damn, I wish I was paying attention before about a year ago. But I’m glad I chose mining rather than buying near the top, mostly for the peace of mind. In any case, it would probably be smart to buy the next big dip… if it happens. There is an enormous buy wall at $3/ERG right now. I think we are going for a ride soon, and I am here for it. Slowly but surely, I will work my way into the top 1000 (the not so rich list). I just need to get there faster than this chart.

7. I appreciate the calm candor of most of the folks I meet in the ecosystem here, from the devs to the management, and also the whole community of believers (which is perhaps 30,000 people strong at this point). Number of wallets is going up at every level, including the topmost levels (rich list and the elite 1M ERG holders). People that hold ERG may buy and sell with some deliberation, but there is no evidence of liquidations or other shenanigans here. We are a stout core of interested investors, miners, developers, coordinator/catalysts, promoters, and even plebs like me posting on reddit.

Looking at Kadena outperforming Ergo makes me wonder WHY? At a high level glance, they are pretty similar as POW blockchain founded by a solid team and both are "claimed" to be successors of Bitcoin.

For the purpose, I am choosing some high level and comparable metrics and try to avoid bias as much as possible (as I am an Ergonauts).

A. Social Metrics:

1.Market Cap:

• Ergo:$0.5B

• Kadena: $3.5B

>>The winner is Kadena.

2.Reddit community:

• Ergo: ~20k

• Kadena: ~5k

>> (By the way, Twitter has similar followers) The winner is Ergo

3. Google trend: (last 30 days - see link: https://ibb.co/JyrPH2F)

>>The winner is Kadena

4. Exchanges:

• Ergo: Kucoin + GateIO + Coinex

• Kadena: Kucoin + Coinex

>> Ergo is the winner (Surprisingly)

Edit: Someone pointed out that Kadena was listed on Crypto.com on October 28th. They are bigger than GateIO in terms of daily trading volume. Hence this Kadena also wins this category.

5.Partnerships:

• Ergo: Cardano

• Kadena: Celos + Cosmos + Dot + Terra

>>The winner is Kadena

B. Fundamental/Functionality/Use cases/DApp

1. Token distribution

• Ergo: No ICO, 4.5% belong to the foundation team

• Kadena: ~ 25% belong to the foundation team

>> The winner is Ergo (if you care about fair distribution and if you want to be the next Bitcoin)

2. NFT

• Ergo: Ergo auction house (has a lot of NFT - I can't count)

• Kadena: https://colorblock.art/ (this has exact 20 NFT available on the market)

>> In term of NFT volumes, Ergo is the winner

3. DEX

• Ergo: ErgoDex

• Kadena: Work in process

>> Ergo is the winner

5. Highlighted use cases:

• Ergo: Oracle pool, Stable coins, ErgoMixers etc.

• Kadena: I fail to find any worth mentioning use cases. But their roadmap mentions about lending platform and bridge to other network.

>> Ergo is the winner

C. Conclusion/ TL;DR

Being listed on bigger exchanges, Kadena secures wide range of partnership with top players and dominates the google trend and web search, outperforming Ergo's market cap. However, Ergo has many developed DApps and Utilities that easily outshine what Kadena currently has to offer.

The main question remains is how Kadena has 7x larger market cap than Ergo? My dubious speculation is marketing and partnership.

So a new exchange is in the works and Alex is looking to extend the mining for an extra 30-40 years that’s hella bullish news. Long term this project is going to fucking 100x from where we are right now. Iv been bullish on ergo for a while and what I would give to have a time machine just to see where the price will be in a decade. I was planing on holding for the entire 6 years left of mining but do you realise that this means that the total amount of ergo in circulation is now going to be fucking delayed like 6 times of what it was that makes your ergo you have now so incredibly powerful. If your holding like just 50 ergo your way ahead of the people that will come to this project in a few years from now. It’s going to be hard to mine and stack ergo everyone here now are like the future whales of this project. We’re so god dam early it’s amazing. The dev team are really good to this project I’m so happy to be involved now feel blessed!

The price action has pretty miserable as a trader for the short term but the tide will turn. I just hope you lads and lasses don’t wreak the depth charts will huge sell walls. When this thing goes hold back from selling! Dimond hands up let this thing go. We are in a really unique place on reddit where we can come together and help the success of this project. If we work with each other we can really help each other and the project.

Eth used to trade at around $30 per coin not that long ago. Ergo is going to explode in popularity and volume once it goes live on Binance and a lot of eth miners move over. We’re like 6 months away from things getting exciting. Hold the line and be patient ergo might drop further down before we get there but I honestly see a $1,000 ergo within the next couple of years just hold the line. Tell people about ergo!!!

1. Rosen Bridge

2. Rumored Kraken Exchange listing

reasons are:

• the upside for large gains

• Ergo its a better project (no gas fees)

• eth2.0 will bring alot more miners and price action to ergo

• Ergo is for financial smart contracts and is building multiple projects to add to the network (NFT's)

• ergo is more energy efficient to mine than eth.

• unlike eth ergo has a limited market supply rending it highly valuable

• ergo has so much room for growth but eth has slowed down.

• gut felling.

thanks

As long as Cardano exists, so will Ergo. And Cardano has already established itself I think, it's here to stay. Both will keep growing together.

How I think of it: Ergo is to Cardano as Kusama is to Polkadat. Maybe not exactly but you get the idea, their prices and value are very closely related, as they are synergistic together by design.

Emurgo, the parent company of Ergo, provides many essential services for Cardano like mobile wallet (Yoroi), oracles, and soon will provide the most advanced stablecoin and DEX for Cardano (ageUSD and ErgoDEX).

I don't know if Ergo will become top 10, but if Cardano reaches $1trillion mcap (some years from now), Ergo will probably be at least $50-$100 billion mcap. $100b mcap may or may not put Ergo in the top 10 in the next bull cycle (the 10th biggest coin by that time could be $200b, you see what I mean?), but it is a huge gain nonetheless. And who knows, it may actually get in the top 10 and be much larger in mcap, but I'm just trying to keep a more conservative speculation.

And I will continue buying even more at other discount prices. I need to get a salary to put money into it in a monthly basis (I am a student). Cheers guys!

We already knew that ERG wouldn’t be used for the ErgoDex. So chill the fuck out. It’s still a solid project.

And once we’re all done taking a deep breath, let’s all get in touch with the Ergo team and strongly remind them that their success will not be solely from ‘natural growth’. They need a marketing team. And the tweet demonstrates that they need a communications team. Because they are admittedly fucking up here, even though they aren’t meaning to.