Bitcoin Gold (BTG) Price Down 22.1% This Week

Bitcoin Gold (BTG) traded up 0.3% against the US dollar during the 1-day period ending at 22:00 PM E.T. on August 5th. Bitcoin Gold has a total market cap of $378.25 million and approximately $7.47 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for about $21.60 or 0.00038798 BTC on popular exchanges. In the last seven days, Bitcoin Gold has traded 22.1% lower against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 2.1% higher against the dollar and now trades at $29.55 or 0.00053091 BTC.
• Horizen (ZEN) traded up 3.4% against the dollar and now trades at $7.84 or 0.00014085 BTC.
• Pirate Chain (ARRR) traded up 7.9% against the dollar and now trades at $0.17 or 0.00000298 BTC.
• Komodo (KMD) traded up 5.5% against the dollar and now trades at $0.22 or 0.00000394 BTC.
• ZClassic (ZCL) traded 1.6% higher against the dollar and now trades at $0.0450 or 0.00000081 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. Bitcoin Gold’s official message board is forum.bitcoingold.org. The official website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed 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 presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView