Bitcoin Gold Price Tops $22.26 on Major Exchanges (BTG)

Bitcoin Gold (BTG) traded down 2.3% against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on October 23rd. One Bitcoin Gold coin can currently be bought for approximately $22.26 or 0.00033376 BTC on major exchanges. Over the last seven days, Bitcoin Gold has traded down 6.2% against the U.S. dollar. Bitcoin Gold has a total market capitalization of $389.80 million and $2.08 million worth of Bitcoin Gold was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 0.8% lower against the dollar and now trades at $37.66 or 0.00056474 BTC.
• Horizen (ZEN) traded down 2.7% against the dollar and now trades at $7.70 or 0.00011543 BTC.
• Pirate Chain (ARRR) traded down 1.6% against the dollar and now trades at $0.17 or 0.00000254 BTC.
• Komodo (KMD) traded down 5.6% against the dollar and now trades at $0.24 or 0.00000366 BTC.
• ZClassic (ZCL) traded 0.9% lower against the dollar and now trades at $0.0567 or 0.00000085 BTC.

Bitcoin Gold Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official website for Bitcoin Gold is bitcoingold.org. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. The official message board for Bitcoin Gold is forum.bitcoingold.org.

According to CryptoCompare, “Bitcoin Gold (BTG) is a digital currency that aims to decentralize the process of Bitcoin mining by utilizing GPU hardware, making it more accessible to a wider range of users. BTG is based on the original Bitcoin blockchain but incorporates a different mining algorithm, Equihash, to promote decentralization and prevent the concentration of mining power. BTG was created in 2017 as a fork of Bitcoin, and it maintains similar features such as a limited supply cap of 21 million coins. BTG can be used for peer-to-peer transactions, as well as for mining on GPU hardware to earn rewards for securing the network. BTG aims to provide a more decentralized and democratic approach to mining, empowering individual miners and promoting wider participation in the mining process.”

Buying and Selling Bitcoin Gold

It is usually not currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView