Bitcoin Gold (BTG) Reaches Market Cap of $433.78 Million

Bitcoin Gold (BTG) traded down 2% against the US dollar during the twenty-four hour period ending at 12:00 PM ET on August 2nd. One Bitcoin Gold coin can currently be bought for $24.77 or 0.00039084 BTC on exchanges. Bitcoin Gold has a market cap of $433.78 million and approximately $6.09 million worth of Bitcoin Gold was traded on exchanges in the last day. Over the last seven days, Bitcoin Gold has traded down 2.8% against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 6.2% higher against the dollar and now trades at $33.21 or 0.00052409 BTC.
• Horizen (ZEN) traded up 2.7% against the dollar and now trades at $9.66 or 0.00015237 BTC.
• Komodo (KMD) traded down 0.5% against the dollar and now trades at $0.25 or 0.00000399 BTC.
• Pirate Chain (ARRR) traded 1.8% lower against the dollar and now trades at $0.17 or 0.00000267 BTC.
• ZClassic (ZCL) traded 2.2% higher against the dollar and now trades at $0.0512 or 0.00000081 BTC.

About Bitcoin Gold

Bitcoin Gold 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. 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. 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 presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first buy 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 buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView