Bitcoin Gold Market Cap Hits $596.84 Million (BTG)

Bitcoin Gold (BTG) traded down 2.9% against the U.S. dollar during the 24 hour period ending at 20:00 PM E.T. on May 8th. Bitcoin Gold has a market capitalization of $596.84 million and approximately $12.71 million worth of Bitcoin Gold was traded on exchanges in the last day. During the last seven days, Bitcoin Gold has traded 18.4% higher against the U.S. dollar. One Bitcoin Gold coin can currently be bought for $34.08 or 0.00055553 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 3.4% higher against the dollar and now trades at $23.27 or 0.00037932 BTC.
• Horizen (ZEN) traded up 0.2% against the dollar and now trades at $8.77 or 0.00014290 BTC.
• Pirate Chain (ARRR) traded down 1.6% against the dollar and now trades at $0.36 or 0.00000588 BTC.
• Komodo (KMD) traded up 14.8% against the dollar and now trades at $0.43 or 0.00000703 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 4.5% lower against the dollar and now trades at $0.0535 or 0.00000087 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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 message board for Bitcoin Gold is forum.bitcoingold.org. 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. 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.”

Bitcoin Gold Coin Trading

It is usually not 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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView