Bitcoin Gold (BTG) Market Capitalization Achieves $545.03 Million

Bitcoin Gold (BTG) traded down 3.6% against the US dollar during the 24-hour period ending at 10:00 AM E.T. on November 26th. Bitcoin Gold has a total market capitalization of $545.03 million and approximately $19.02 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be bought for $31.12 or 0.00033338 BTC on major cryptocurrency exchanges. Over the last week, Bitcoin Gold has traded 3.3% lower against the US dollar.

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

• Zcash (ZEC) traded down 8.4% against the dollar and now trades at $45.51 or 0.00048754 BTC.
• Horizen (ZEN) traded 2.1% lower against the dollar and now trades at $11.87 or 0.00012712 BTC.
• Pirate Chain (ARRR) traded 11.1% lower against the dollar and now trades at $0.30 or 0.00000318 BTC.
• Komodo (KMD) traded 0.5% higher against the dollar and now trades at $0.30 or 0.00000317 BTC.
• ZClassic (ZCL) traded down 2.2% against the dollar and now trades at $0.0559 or 0.00000060 BTC.

About 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 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. Bitcoin Gold’s official website 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 currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView