Bitcoin Gold (BTG) Market Capitalization Tops $406.33 Million

Bitcoin Gold (BTG) traded 2.7% lower against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on October 19th. One Bitcoin Gold coin can now be bought for $23.20 or 0.00034035 BTC on major exchanges. Bitcoin Gold has a total market capitalization of $406.33 million and approximately $2.49 million worth of Bitcoin Gold was traded on exchanges in the last day. In the last week, Bitcoin Gold has traded up 4.8% against the U.S. dollar.

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

• Zcash (ZEC) traded 1.7% higher against the dollar and now trades at $36.42 or 0.00053432 BTC.
• Horizen (ZEN) traded 2.3% lower against the dollar and now trades at $7.95 or 0.00011665 BTC.
• Pirate Chain (ARRR) traded 0.3% lower against the dollar and now trades at $0.18 or 0.00000264 BTC.
• Komodo (KMD) traded down 1.3% against the dollar and now trades at $0.26 or 0.00000375 BTC.
• ZClassic (ZCL) traded down 5.6% against the dollar and now trades at $0.0545 or 0.00000080 BTC.

Bitcoin Gold Profile

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. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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