Bitcoin Gold Trading Up 7.2% This Week (BTG)

Bitcoin Gold (BTG) traded up 1.3% against the U.S. dollar during the twenty-four hour period ending at 17:00 PM E.T. on August 12th. In the last week, Bitcoin Gold has traded 7.2% higher against the U.S. dollar. Bitcoin Gold has a market capitalization of $393.68 million and approximately $4.24 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can currently be bought for $22.48 or 0.00038187 BTC on popular exchanges.

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

• Zcash (ZEC) traded up 4.6% against the dollar and now trades at $42.00 or 0.00071345 BTC.
• Horizen (ZEN) traded up 2.6% against the dollar and now trades at $8.59 or 0.00014599 BTC.
• Komodo (KMD) traded up 1.6% against the dollar and now trades at $0.24 or 0.00000414 BTC.
• Pirate Chain (ARRR) traded 3.7% lower against the dollar and now trades at $0.17 or 0.00000282 BTC.
• ZClassic (ZCL) traded up 1.3% against the dollar and now trades at $0.0653 or 0.00000111 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold 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 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. Bitcoin Gold’s official message board 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 possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView