Bitcoin Gold (BTG) Hits Market Cap of $645.35 Million

Bitcoin Gold (BTG) traded down 2.4% against the U.S. dollar during the one day period ending at 9:00 AM ET on April 16th. Bitcoin Gold has a total market capitalization of $645.35 million and $20.99 million worth of Bitcoin Gold was traded on exchanges in the last day. During the last seven days, Bitcoin Gold has traded 23% lower against the U.S. dollar. One Bitcoin Gold coin can now be purchased for approximately $36.85 or 0.00058958 BTC on exchanges.

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

• Zcash (ZEC) traded down 6.8% against the dollar and now trades at $20.88 or 0.00033412 BTC.
• Horizen (ZEN) traded 5.7% lower against the dollar and now trades at $8.36 or 0.00013375 BTC.
• Pirate Chain (ARRR) traded down 9.5% against the dollar and now trades at $0.30 or 0.00000484 BTC.
• Komodo (KMD) traded down 1.1% against the dollar and now trades at $0.40 or 0.00000647 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 7.1% lower against the dollar and now trades at $0.0582 or 0.00000093 BTC.

Bitcoin Gold Coin Profile

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 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 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 Changelly, Coinbase or GDAX. 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