Bitcoin Gold (BTG) Achieves Market Cap of $419.97 Million

Bitcoin Gold (BTG) traded up 2.6% against the US dollar during the 1 day period ending at 8:00 AM ET on October 31st. Bitcoin Gold has a market cap of $419.97 million and $5.94 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for approximately $23.98 or 0.00033229 BTC on popular exchanges. Over the last seven days, Bitcoin Gold has traded 6.8% higher against the US dollar.

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

• Zcash (ZEC) traded 1.3% lower against the dollar and now trades at $37.53 or 0.00052011 BTC.
• Horizen (ZEN) traded down 1.9% against the dollar and now trades at $7.48 or 0.00010359 BTC.
• Pirate Chain (ARRR) traded up 3% against the dollar and now trades at $0.19 or 0.00000266 BTC.
• Komodo (KMD) traded down 2.7% against the dollar and now trades at $0.24 or 0.00000335 BTC.
• ZClassic (ZCL) traded up 0.5% against the dollar and now trades at $0.0505 or 0.00000070 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. Bitcoin Gold’s official message board 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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