Bitcoin Gold (BTG) Trading Down 9.7% Over Last 7 Days

Bitcoin Gold (BTG) traded 0.3% lower against the dollar during the one day period ending at 0:00 AM E.T. on June 15th. One Bitcoin Gold coin can now be purchased for about $28.83 or 0.00043608 BTC on exchanges. Bitcoin Gold has a market cap of $504.90 million and approximately $839,694.42 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin Gold has traded 9.7% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded down 1.7% against the dollar and now trades at $22.42 or 0.00033914 BTC.
• Horizen (ZEN) traded down 2% against the dollar and now trades at $7.14 or 0.00010801 BTC.
• Komodo (KMD) traded 1.1% lower against the dollar and now trades at $0.37 or 0.00000563 BTC.
• Pirate Chain (ARRR) traded down 3.7% against the dollar and now trades at $0.22 or 0.00000334 BTC.
• ZClassic (ZCL) traded 0.2% lower against the dollar and now trades at $0.0595 or 0.00000090 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (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. 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. The official message board for Bitcoin Gold is forum.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.”

Bitcoin Gold Coin Trading

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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView