Bitcoin Gold Trading 11.6% Lower Over Last 7 Days (BTG)

Bitcoin Gold (BTG) traded 7.6% lower against the dollar during the 1 day period ending at 9:00 AM ET on May 12th. One Bitcoin Gold coin can now be purchased for approximately $0.46 or 0.00000571 BTC on popular exchanges. Bitcoin Gold has a total market capitalization of $8.08 million and $5.77 thousand worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last week, Bitcoin Gold has traded down 11.6% against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded down 1.6% against the dollar and now trades at $554.57 or 0.00686660 BTC.
• Horizen (ZEN) traded down 2.5% against the dollar and now trades at $6.67 or 0.00008263 BTC.
• Pirate Chain (ARRR) traded 9.6% lower against the dollar and now trades at $0.21 or 0.00000255 BTC.
• ZClassic (ZCL) traded down 0.6% against the dollar and now trades at $0.18 or 0.00000221 BTC.
• Komodo (KMD) traded 5.1% higher against the dollar and now trades at $0.0022 or 0.00000003 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (CRYPTO: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. Bitcoin Gold’s official message board is forum.bitcoingold.org. The official website for Bitcoin Gold is btgofficial.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, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

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 trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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