Bitcoin Gold Hits Market Capitalization of $394.84 Million (BTG)

Bitcoin Gold (BTG) traded up 1.9% against the US dollar during the 24 hour period ending at 12:00 PM ET on November 6th. In the last seven days, Bitcoin Gold has traded 3.3% lower against the US dollar. Bitcoin Gold has a market cap of $394.84 million and $9.83 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can currently be bought for about $22.54 or 0.00030343 BTC on cryptocurrency exchanges.

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

• Zcash (ZEC) traded up 7% against the dollar and now trades at $40.97 or 0.00055138 BTC.
• Horizen (ZEN) traded 4% higher against the dollar and now trades at $7.56 or 0.00010178 BTC.
• Pirate Chain (ARRR) traded 0.8% higher against the dollar and now trades at $0.17 or 0.00000230 BTC.
• Komodo (KMD) traded up 6.7% against the dollar and now trades at $0.23 or 0.00000309 BTC.
• ZClassic (ZCL) traded up 5.8% against the dollar and now trades at $0.0446 or 0.00000060 BTC.

Bitcoin Gold Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch 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 message board for Bitcoin Gold is forum.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 website for Bitcoin Gold is 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 presently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView