Bitcoin Gold Market Cap Hits $372.20 Million (BTG)

Bitcoin Gold (BTG) traded down 3.7% against the US dollar during the 1 day period ending at 21:00 PM ET on November 4th. One Bitcoin Gold coin can now be bought for approximately $21.25 or 0.00031267 BTC on popular exchanges. Over the last seven days, Bitcoin Gold has traded 9% lower against the US dollar. Bitcoin Gold has a market cap of $372.20 million and $3.66 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded 0.4% lower against the dollar and now trades at $36.95 or 0.00054371 BTC.
• Horizen (ZEN) traded down 2.8% against the dollar and now trades at $7.02 or 0.00010328 BTC.
• Pirate Chain (ARRR) traded down 2.7% against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Komodo (KMD) traded down 0.6% against the dollar and now trades at $0.21 or 0.00000308 BTC.
• ZClassic (ZCL) traded down 35.7% against the dollar and now trades at $0.0408 or 0.00000060 BTC.

About Bitcoin Gold

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

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 possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView