Bitcoin Gold Trading Down 16.9% This Week (BTG)

Bitcoin Gold (BTG) traded 7.6% lower against the dollar during the 24-hour period ending at 22:00 PM E.T. on June 16th. Over the last seven days, Bitcoin Gold has traded down 16.9% against the dollar. Bitcoin Gold has a total market capitalization of $462.66 million and approximately $4.08 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for about $26.42 or 0.00039805 BTC on popular exchanges.

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

• Zcash (ZEC) traded down 0.2% against the dollar and now trades at $22.62 or 0.00034087 BTC.
• Horizen (ZEN) traded 0.4% lower against the dollar and now trades at $7.16 or 0.00010796 BTC.
• Komodo (KMD) traded up 0.5% against the dollar and now trades at $0.38 or 0.00000570 BTC.
• Pirate Chain (ARRR) traded 2.6% higher against the dollar and now trades at $0.23 or 0.00000343 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.0590 or 0.00000089 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (CRYPTO:BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official message board is forum.bitcoingold.org. 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 currently 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, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView