Bitcoin Gold (BTG) Reaches 24-Hour Volume of $89.89 Million

Bitcoin Gold (BTG) traded up 24.1% against the US dollar during the twenty-four hour period ending at 21:00 PM E.T. on May 3rd. Bitcoin Gold has a total market capitalization of $643.60 million and $89.89 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be bought for about $36.75 or 0.00058361 BTC on cryptocurrency exchanges. During the last week, Bitcoin Gold has traded up 8.5% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 0.7% higher against the dollar and now trades at $22.94 or 0.00036434 BTC.
• Horizen (ZEN) traded down 0.2% against the dollar and now trades at $8.79 or 0.00013955 BTC.
• Pirate Chain (ARRR) traded up 4.8% against the dollar and now trades at $0.33 or 0.00000519 BTC.
• Komodo (KMD) traded 2.6% higher against the dollar and now trades at $0.42 or 0.00000668 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 6.3% higher against the dollar and now trades at $0.0562 or 0.00000089 BTC.

About Bitcoin Gold

Bitcoin Gold 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 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. Bitcoin Gold’s official message board is forum.bitcoingold.org. 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 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 Changelly, Coinbase or Gemini. 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